Norden Group LLC Raises Holdings in Linde PLC $LIN

Key Points

• Norden Group LLC doubled its holdings in Linde PLC by increasing its stake by 100% during the 2nd quarter, owning 2,786 shares worth approximately $1,307,000 according to its recent SEC filing.
• Director Stephen F. Angel sold 50,309 shares of Linde stock at an average price of $473.38, resulting in a significant decrease of 9.48% in his position.
• Linde recently declared a quarterly dividend of $1.50 per share, reflecting a 1.3% yield, with a payout ratio of 42.67%.

Norden Group LLC increased its stake in shares of Linde PLC (NASDAQ:LIN - Free Report) by 100.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,786 shares of the basic materials company's stock after purchasing an additional 1,393 shares during the period. Norden Group LLC's holdings in Linde were worth $1,307,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Fifth Third Bancorp raised its holdings in shares of Linde by 1.5% in the second quarter. Fifth Third Bancorp now owns 298,082 shares of the basic materials company's stock worth $139,854,000 after acquiring an additional 4,329 shares during the last quarter. Pictet North America Advisors SA increased its position in Linde by 0.7% during the 2nd quarter. Pictet North America Advisors SA now owns 5,530 shares of the basic materials company's stock worth $2,595,000 after purchasing an additional 40 shares in the last quarter. Fortitude Family Office LLC raised its stake in Linde by 67.9% in the 2nd quarter. Fortitude Family Office LLC now owns 235 shares of the basic materials company's stock valued at $110,000 after purchasing an additional 95 shares during the last quarter. Counterpoint Mutual Funds LLC purchased a new position in Linde in the 2nd quarter valued at about $407,000. Finally, Steigerwald Gordon & Koch Inc. lifted its holdings in Linde by 18.0% in the 2nd quarter. Steigerwald Gordon & Koch Inc. now owns 26,510 shares of the basic materials company's stock valued at $12,438,000 after purchasing an additional 4,040 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company's stock.

Insider Activity at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of Linde 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 transaction, the director directly 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 transaction was disclosed in a document filed with the SEC, which is available at this link. 0.70% of the stock is currently owned by company insiders.

Linde Stock Performance

Shares of LIN stock opened at $474.13 on Thursday. 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 firm has a market capitalization of $222.32 billion, a price-to-earnings ratio of 33.72, a price-to-earnings-growth ratio of 3.17 and a beta of 0.95. Linde PLC has a one year low of $408.65 and a one year high of $487.49. The company has a 50 day moving average price of $474.18 and a 200 day moving average price of $463.58.

Linde (NASDAQ:LIN - Get Free Report) last announced 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. The company had revenue of $8.50 billion during the quarter, compared to analysts' expectations of $8.35 billion. Linde had a net margin of 20.20% and a return on equity of 19.09%. The business's quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company earned $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. Sell-side analysts anticipate that Linde PLC will post 16.54 EPS for the current year.

Linde Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of Linde from $470.00 to $475.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Royal Bank Of Canada initiated coverage on shares of Linde in a research note on Friday, June 13th. They issued an "outperform" rating and a $576.00 target price for the company. UBS Group increased their price target on Linde from $485.00 to $504.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 9th. Finally, Citigroup upgraded Linde from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $500.00 to $535.00 in a report on Monday, June 30th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Linde currently has a consensus rating of "Buy" and a consensus target price of $519.63.

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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