Linde PLC $LIN Stock Position Lifted by Addenda Capital Inc.

Key Points

• Addenda Capital Inc. increased its stake in Linde PLC by 12.9%, now holding 26,722 shares valued at approximately $12.5 million.
• Recent analyst ratings for Linde shares include an "outperform" rating with a target price of $576.00 from Royal Bank of Canada and a revised target of $535.00 from Citigroup.
• Linde announced a quarterly dividend of $1.50 per share, equating to an annualized yield of 1.3%.

Addenda Capital Inc. raised its holdings in Linde PLC (NASDAQ:LIN - Free Report) by 12.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,722 shares of the basic materials company's stock after acquiring an additional 3,055 shares during the quarter. Addenda Capital Inc.'s holdings in Linde were worth $12,537,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in LIN. North Capital Inc. acquired a new stake in Linde in the first quarter valued at approximately $25,000. Abound Financial LLC acquired a new stake in shares of Linde in the first quarter worth $41,000. eCIO Inc. acquired a new stake in shares of Linde in the first quarter worth $45,000. Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of Linde by 445.0% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company's stock worth $51,000 after buying an additional 89 shares during the last quarter. Finally, Nova Wealth Management Inc. acquired a new stake in shares of Linde in the first quarter worth $52,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on LIN shares. Royal Bank Of Canada started coverage on shares of Linde in a research note on Friday, June 13th. They issued an "outperform" rating and a $576.00 price objective for the company. JPMorgan Chase & Co. boosted their price objective 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 raised shares of Linde from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $500.00 to $535.00 in a research report on Monday, June 30th. Finally, UBS Group boosted their price target on shares of Linde from $485.00 to $504.00 and gave the company a "neutral" rating in a report on Wednesday, July 9th. Two research 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. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $519.63.

Linde Stock Up 0.1%

Shares of NASDAQ LIN opened at $474.41 on Friday. The firm's 50-day simple moving average is $474.62 and its 200 day simple moving average is $463.89. The company has a market cap of $222.46 billion, a price-to-earnings ratio of 33.74, a price-to-earnings-growth ratio of 3.13 and a beta of 0.95. The company has a quick ratio of 0.78, a current ratio of 0.93 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.

Linde (NASDAQ:LIN - Get Free Report) last released its earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $8.35 billion. During the same period in the prior year, the company posted $3.85 EPS. The company's revenue 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. On average, research analysts expect that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Announces Dividend

The firm 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. The ex-dividend date was Thursday, September 4th. This represents a $6.00 dividend on an annualized basis and a yield of 1.3%. Linde's dividend payout ratio is presently 42.67%.

Insider Transactions at Linde

In other Linde news, Director Stephen F. Angel sold 50,309 shares of the company's stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $473.38, for a total transaction of $23,815,274.42. Following the transaction, the director directly owned 480,543 shares in the company, valued at approximately $227,479,445.34. This represents a 9.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.70% of the company's stock.

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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