Janney Montgomery Scott LLC Purchases 21,125 Shares of Linde PLC $LIN

Key Points

• Janney Montgomery Scott LLC increased its holdings in Linde PLC by 15.2%, acquiring an additional 21,125 shares, bringing its total to 160,486 shares valued at approximately $75 million.
• Linde PLC reported earnings of $4.09 per share for Q2, exceeding analysts' estimates and reflecting a 2.3% year-over-year revenue increase to $8.50 billion.
• The company declared a quarterly dividend of $1.50 per share, resulting in an annualized dividend yield of 1.3%, with a payout ratio of 42.67%.

Janney Montgomery Scott LLC increased its position in shares of Linde PLC (NASDAQ:LIN - Free Report) by 15.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 160,486 shares of the basic materials company's stock after purchasing an additional 21,125 shares during the period. Janney Montgomery Scott LLC's holdings in Linde were worth $75,297,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. North Capital Inc. bought a new stake in shares of Linde during the first quarter valued at approximately $25,000. Abound Financial LLC bought a new stake in Linde in the first quarter valued at $41,000. eCIO Inc. bought a new stake in Linde in the first quarter valued at $45,000. Clal Insurance Enterprises Holdings Ltd grew its position in Linde by 445.0% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company's stock valued at $51,000 after acquiring an additional 89 shares during the period. Finally, Nova Wealth Management Inc. bought a new stake in Linde in the first quarter valued at $52,000. 82.80% of the stock is currently owned by institutional investors.

Linde Price Performance

Shares of LIN stock opened at $476.49 on Tuesday. The stock's fifty day moving average is $474.74 and its 200-day moving average is $464.11. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.78 and a current ratio of 0.93. The stock has a market capitalization of $223.43 billion, a PE ratio of 33.89, a PEG ratio of 3.13 and a beta of 0.95. Linde PLC has a 52 week low of $408.65 and a 52 week high of $487.49.

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

Linde Dividend Announcement

The company also recently declared 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. This represents a $6.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Thursday, September 4th. Linde's dividend payout ratio is 42.67%.

Insider Activity

In other news, Director Stephen F. Angel sold 50,309 shares of the company's stock in a transaction 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 of the company's stock, valued at $227,479,445.34. This represents a 9.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on LIN. JPMorgan Chase & Co. upped their price target on Linde from $470.00 to $475.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. UBS Group upped their price target on Linde from $485.00 to $504.00 and gave the company a "neutral" rating in a research report on Wednesday, July 9th. Royal Bank Of Canada began coverage on Linde in a research report on Friday, June 13th. They issued an "outperform" rating and a $576.00 price target on the stock. Finally, Citigroup upgraded Linde from a "neutral" rating to a "buy" rating and upped their price target for the company from $500.00 to $535.00 in a research report on Monday, June 30th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $519.63.

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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