Northside Capital Management LLC Buys 1,250 Shares of Linde PLC $LIN

Key Points

• Northside Capital Management LLC increased its stake in Linde PLC by 154.9%, acquiring an additional 1,250 shares, bringing its total holdings to 2,057 shares valued at approximately $965,000.
• Several major institutional investors, including Nuveen LLC and GAMMA Investing LLC, have made significant adjustments to their positions in Linde, showcasing strong institutional interest in the stock.
• Linde PLC reported strong quarterly earnings, with a revenue of $8.50 billion and an earnings per share of $4.09, which exceeded analysts' expectations.

Northside Capital Management LLC lifted its stake in shares of Linde PLC (NASDAQ:LIN - Free Report) by 154.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,057 shares of the basic materials company's stock after purchasing an additional 1,250 shares during the quarter. Northside Capital Management LLC's holdings in Linde were worth $965,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Nuveen LLC bought a new position in Linde in the 1st quarter valued at about $2,097,793,000. GAMMA Investing LLC lifted its position in Linde by 58,312.0% in the 1st quarter. GAMMA Investing LLC now owns 3,415,935 shares of the basic materials company's stock valued at $1,590,596,000 after acquiring an additional 3,410,087 shares in the last quarter. Deutsche Bank AG lifted its position in Linde by 172.4% in the 1st quarter. Deutsche Bank AG now owns 2,407,637 shares of the basic materials company's stock valued at $1,121,092,000 after acquiring an additional 1,523,702 shares in the last quarter. Wellington Management Group LLP lifted its position in Linde by 18.6% in the 1st quarter. Wellington Management Group LLP now owns 7,542,991 shares of the basic materials company's stock valued at $3,511,751,000 after acquiring an additional 1,182,157 shares in the last quarter. Finally, Alecta Tjanstepension Omsesidigt bought a new position in Linde in the 1st quarter valued at about $233,405,000. Institutional investors own 82.80% of the company's stock.

Insider Activity

In other Linde news, Director Stephen F. Angel sold 50,309 shares of the business's stock in a transaction dated Thursday, August 7th. The shares were 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 in the company, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on LIN shares. Royal Bank Of Canada started coverage on shares of Linde in a research report on Friday, June 13th. They issued an "outperform" rating and a $576.00 price target on the stock. Citigroup upgraded shares of Linde from a "neutral" rating to a "buy" rating and increased their price objective for the company from $500.00 to $535.00 in a research note on Monday, June 30th. UBS Group increased their price objective on shares of Linde from $485.00 to $504.00 and gave the company a "neutral" rating in a research note on Wednesday, July 9th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Linde from $470.00 to $475.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Two research 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 company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $519.63.

Linde Stock Performance

Linde stock opened at $479.94 on Wednesday. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $225.05 billion, a PE ratio of 34.14, a P/E/G ratio of 3.15 and a beta of 0.95. The firm has a fifty day simple moving average of $473.89 and a two-hundred day simple moving average of $463.51. Linde PLC has a twelve month low of $408.65 and a twelve month high of $487.49.

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, topping the consensus estimate of $4.03 by $0.06. The business had revenue of $8.50 billion during 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 firm's revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm posted $3.85 earnings per share. 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were given a $1.50 dividend. The ex-dividend date was Thursday, September 4th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.3%. Linde's payout ratio is presently 42.67%.

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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