InTrack Investment Management Inc Acquires New Position in Linde PLC $LIN

Key Points

• InTrack Investment Management Inc has acquired a new stake in Linde PLC, purchasing 776 shares valued at approximately $364,000 in the second quarter.
• Analysts have differing views on Linde's stock, with Royal Bank of Canada issuing an "outperform" rating and a price target of $576, while UBS Group lowered their target from $510 to $507.
• Linde recently reported its quarterly earnings, showing an EPS of $4.09 that exceeded analysts' expectations, along with a revenue of $8.50 billion, indicating a year-over-year increase.

InTrack Investment Management Inc acquired a new stake in Linde PLC (NASDAQ:LIN - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 776 shares of the basic materials company's stock, valued at approximately $364,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of LIN. Brighton Jones LLC purchased a new position in shares of Linde in the 4th quarter valued at approximately $2,752,000. Revolve Wealth Partners LLC raised its position in shares of Linde by 14.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company's stock valued at $325,000 after purchasing an additional 96 shares during the last quarter. Capital Investment Advisors LLC raised its position in shares of Linde by 24.9% in the 1st quarter. Capital Investment Advisors LLC now owns 1,506 shares of the basic materials company's stock valued at $701,000 after purchasing an additional 300 shares during the last quarter. First Citizens Bank & Trust Co. raised its position in shares of Linde by 9.1% in the 1st quarter. First Citizens Bank & Trust Co. now owns 1,912 shares of the basic materials company's stock valued at $890,000 after purchasing an additional 159 shares during the last quarter. Finally, Portside Wealth Group LLC increased its holdings in Linde by 16.6% in the 1st quarter. Portside Wealth Group LLC now owns 901 shares of the basic materials company's stock worth $420,000 after buying an additional 128 shares during the period. 82.80% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Stephen F. Angel sold 50,309 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $473.38, for a total transaction of $23,815,274.42. Following the transaction, the director owned 480,543 shares in the company, valued at $227,479,445.34. This trade represents a 9.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Royal Bank Of Canada assumed coverage on shares of Linde in a report on Friday, June 13th. They issued an "outperform" rating and a $576.00 price target on the stock. UBS Group cut their price target on shares of Linde from $510.00 to $507.00 and set a "neutral" rating on the stock in a report on Monday. Weiss Ratings reiterated a "buy (b)" rating on shares of Linde in a report on Wednesday. Citigroup increased their price target on shares of Linde from $530.00 to $535.00 and gave the stock a "buy" rating in a report on Monday. Finally, JPMorgan Chase & Co. increased their price target on shares of Linde from $470.00 to $475.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $520.00.

Linde Price Performance

Shares of NASDAQ LIN opened at $467.83 on Thursday. The stock has a market capitalization of $219.37 billion, a price-to-earnings ratio of 33.27, a PEG ratio of 3.11 and a beta of 0.93. Linde PLC has a 12 month low of $408.65 and a 12 month high of $487.49. The firm's 50 day simple moving average is $474.60 and its 200-day simple moving average is $464.52. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.93 and a quick ratio of 0.78.

Linde (NASDAQ:LIN - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The basic materials company reported $4.09 EPS for the quarter, topping analysts' consensus estimates of $4.03 by $0.06. The business had revenue of $8.50 billion for the quarter, compared to analysts' expectations of $8.35 billion. Linde had a net margin of 20.20% and a return on equity of 19.09%. The business's revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the company earned $3.85 EPS. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. Analysts expect that Linde PLC will post 16.54 EPS for the current year.

Linde Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were paid a dividend of $1.50 per share. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.3%. Linde's dividend payout ratio (DPR) is presently 42.67%.

Linde Company Profile

Linde plc operates as an industrial gas company in the Americas, Europe, the Middle East, Africa, Asia, and South Pacific. It offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.

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