Linde PLC $LIN Shares Acquired by PDS Planning Inc

PDS Planning Inc boosted its stake in shares of Linde PLC (NASDAQ:LIN - Free Report) by 41.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,878 shares of the basic materials company's stock after purchasing an additional 1,141 shares during the quarter. PDS Planning Inc's holdings in Linde were worth $1,819,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. JB Capital LLC acquired a new position in shares of Linde during the second quarter worth about $222,000. Blue Trust Inc. raised its holdings in Linde by 12.2% during the second quarter. Blue Trust Inc. now owns 8,159 shares of the basic materials company's stock worth $3,828,000 after purchasing an additional 884 shares in the last quarter. Fourpath Capital Management LLC increased its position in Linde by 1.7% during the second quarter. Fourpath Capital Management LLC now owns 4,210 shares of the basic materials company's stock worth $1,975,000 after buying an additional 72 shares during the period. Cyndeo Wealth Partners LLC grew its position in shares of Linde by 2.5% during the second quarter. Cyndeo Wealth Partners LLC now owns 16,005 shares of the basic materials company's stock worth $7,509,000 after acquiring an additional 391 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI grew its position in shares of Linde by 14.1% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 12,597 shares of the basic materials company's stock worth $5,911,000 after acquiring an additional 1,554 shares during the last quarter. Hedge funds and other institutional investors own 82.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on LIN shares. 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 research note on Monday, August 4th. Citigroup boosted their price target on Linde from $530.00 to $535.00 and gave the company a "buy" rating in a research report on Monday. Weiss Ratings restated a "buy (b)" rating on shares of Linde in a research report on Wednesday. UBS Group lowered their target price on Linde from $510.00 to $507.00 and set a "neutral" rating on the stock in a research note on Monday. Finally, Royal Bank Of Canada began coverage on Linde in a report on Friday, June 13th. They set an "outperform" rating and a $576.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Linde presently has a consensus rating of "Buy" and an average price target of $520.00.

Insider Activity at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of the business's 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 sale, the director owned 480,543 shares of the company's stock, valued at $227,479,445.34. The trade was a 9.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.70% of the stock is owned by company insiders.

Linde Stock Performance

NASDAQ LIN opened at $453.82 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 0.49. Linde PLC has a 12-month low of $408.65 and a 12-month high of $487.49. The stock has a market capitalization of $212.80 billion, a price-to-earnings ratio of 32.28, a PEG ratio of 3.03 and a beta of 0.93. The business's 50 day moving average is $474.45 and its two-hundred day moving average is $464.49.

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

Linde Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 1.3%. The ex-dividend date was Thursday, September 4th. Linde's dividend payout ratio is presently 42.67%.

About Linde

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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