Mainstay Capital Management LLC ADV Acquires 549 Shares of Linde PLC $LIN

Key Points

• Mainstay Capital Management LLC ADV increased its stake in Linde PLC by 103.8%, acquiring an additional 549 shares during the 2nd quarter, bringing its total holdings to 1,078 shares valued at approximately $506,000.
• The company recently reported earnings per share (EPS) of $4.09 for the last quarter, exceeding analysts' expectations, with a net margin of 20.20% and a revenue of $8.50 billion.
• Linde declared a quarterly dividend of $1.50 per share, representing an annualized payout of $6.00 and a yield of 1.3%, with a payout ratio of 42.67%.

Mainstay Capital Management LLC ADV raised its holdings in Linde PLC (NASDAQ:LIN - Free Report) by 103.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,078 shares of the basic materials company's stock after buying an additional 549 shares during the quarter. Mainstay Capital Management LLC ADV's holdings in Linde were worth $506,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Leo Wealth LLC boosted its stake in shares of Linde by 10.4% in the 2nd quarter. Leo Wealth LLC now owns 905 shares of the basic materials company's stock valued at $425,000 after purchasing an additional 85 shares in the last quarter. Lokken Investment Group LLC boosted its stake in shares of Linde by 6.2% in the 2nd quarter. Lokken Investment Group LLC now owns 2,984 shares of the basic materials company's stock valued at $1,400,000 after purchasing an additional 173 shares in the last quarter. InTrack Investment Management Inc acquired a new stake in shares of Linde in the 2nd quarter valued at $364,000. Maryland State Retirement & Pension System boosted its stake in shares of Linde by 1.6% in the 2nd quarter. Maryland State Retirement & Pension System now owns 22,825 shares of the basic materials company's stock valued at $10,709,000 after purchasing an additional 356 shares in the last quarter. Finally, Optas LLC boosted its stake in shares of Linde by 7.2% in the 2nd quarter. Optas LLC now owns 2,568 shares of the basic materials company's stock valued at $1,205,000 after purchasing an additional 173 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company's stock.

Linde Stock Performance

Linde stock opened at $467.83 on Thursday. 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 1 year low of $408.65 and a 1 year high of $487.49. The company has a market cap of $219.37 billion, a PE ratio of 33.27, a PEG ratio of 3.11 and a beta of 0.93. The company's 50-day moving average is $474.60 and its two-hundred day moving average is $464.52.

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. The company had revenue of $8.50 billion for the quarter, compared to the consensus estimate of $8.35 billion. Linde had a net margin of 20.20% and a return on equity of 19.09%. The company's revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the company posted $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. Equities analysts anticipate that Linde PLC will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were paid a $1.50 dividend. 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 is 42.67%.

Wall Street Analysts Forecast Growth

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

Insider Activity at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of the company's stock in a transaction dated 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 completion of the sale, the director directly owned 480,543 shares of the company's stock, valued at $227,479,445.34. This represents a 9.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.70% of the stock is currently owned by company insiders.

Linde 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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