Price T Rowe Associates Inc. MD raised its position in Linde PLC (NASDAQ:LIN - Free Report) by 5.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,600,297 shares of the basic materials company's stock after acquiring an additional 453,108 shares during the quarter. Linde makes up approximately 0.6% of Price T Rowe Associates Inc. MD's portfolio, making the stock its 27th biggest position. Price T Rowe Associates Inc. MD owned 2.04% of Linde worth $4,470,284,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Prosperity Consulting Group LLC increased its stake in Linde by 4.5% during the 4th quarter. Prosperity Consulting Group LLC now owns 7,788 shares of the basic materials company's stock worth $3,261,000 after buying an additional 332 shares during the period. AlTi Global Inc. purchased a new stake in shares of Linde during the fourth quarter worth $971,000. Truist Financial Corp boosted its holdings in Linde by 75.0% in the first quarter. Truist Financial Corp now owns 193,563 shares of the basic materials company's stock valued at $90,131,000 after purchasing an additional 82,952 shares during the period. Freedom Day Solutions LLC grew its stake in Linde by 9.6% during the 1st quarter. Freedom Day Solutions LLC now owns 6,102 shares of the basic materials company's stock worth $2,841,000 after purchasing an additional 535 shares in the last quarter. Finally, Castlekeep Investment Advisors LLC purchased a new stake in Linde during the 4th quarter worth about $468,360,000. Institutional investors and hedge funds own 82.80% of the company's stock.
Linde Price Performance
Shares of NASDAQ:LIN opened at $482.36 on Thursday. Linde PLC has a 12 month low of $408.65 and a 12 month high of $487.49. The firm has a market capitalization of $226.18 billion, a P/E ratio of 34.31, a P/E/G ratio of 3.17 and a beta of 0.92. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.93 and a quick ratio of 0.78. The company's fifty day moving average price is $468.77 and its 200 day moving average price is $460.76.
Linde (NASDAQ:LIN - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The basic materials company reported $4.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.03 by $0.06. Linde had a net margin of 20.20% and a return on equity of 19.09%. The company had revenue of $8.50 billion during the quarter, compared to the consensus estimate of $8.35 billion. During the same quarter in the prior year, the firm posted $3.85 earnings per share. Linde's revenue for the quarter was up 2.3% on a year-over-year basis. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. As a group, sell-side analysts predict that Linde PLC will post 16.54 earnings per share for the current fiscal year.
Linde Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, September 4th. Linde's dividend payout ratio (DPR) is presently 42.67%.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on LIN shares. JPMorgan Chase & Co. upped their target price 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. Royal Bank Of Canada initiated coverage on shares of Linde in a research report on Friday, June 13th. They issued an "outperform" rating and a $576.00 price objective on the stock. Citigroup upgraded shares of Linde from a "neutral" rating to a "buy" rating and raised their price objective for the company from $500.00 to $535.00 in a report on Monday, June 30th. Finally, UBS Group boosted their target price on shares of Linde from $485.00 to $504.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Linde has an average rating of "Buy" and a consensus target price of $519.63.
Get Our Latest Stock Analysis on LIN
Insider Buying and Selling 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 value of $23,815,274.42. Following the transaction, the director owned 480,543 shares of the company's stock, valued at approximately $227,479,445.34. The trade was a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.70% of the company's stock.
About Linde
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding LIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Linde PLC (NASDAQ:LIN - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Linde, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Linde wasn't on the list.
While Linde currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Fall 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access