Silver Oak Securities Incorporated Raises Stock Position in Linde PLC $LIN

Key Points

• Silver Oak Securities Incorporated increased its holdings in Linde PLC by 42.6%, owning 1,931 shares worth approximately $906,000 as of the latest filing.
• Linde reported $4.09 earnings per share for the latest quarter, surpassing analysts' expectations of $4.03, alongside a revenue increase of 2.3% year-over-year.
• The company declared a quarterly dividend of $1.50 per share, translating to an annualized yield of 1.3% and a payout ratio of 42.67%.

Silver Oak Securities Incorporated increased its stake in shares of Linde PLC (NASDAQ:LIN - Free Report) by 42.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,931 shares of the basic materials company's stock after acquiring an additional 577 shares during the quarter. Silver Oak Securities Incorporated's holdings in Linde were worth $906,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Brighton Jones LLC acquired a new position in Linde during the fourth quarter worth $2,752,000. Revolve Wealth Partners LLC raised its holdings in Linde by 14.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company's stock worth $325,000 after buying an additional 96 shares during the last quarter. Bank Pictet & Cie Europe AG raised its holdings in Linde by 2.8% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 68,460 shares of the basic materials company's stock worth $28,662,000 after buying an additional 1,876 shares during the last quarter. Two Sigma Advisers LP raised its holdings in Linde by 74.1% during the fourth quarter. Two Sigma Advisers LP now owns 11,489 shares of the basic materials company's stock worth $4,810,000 after buying an additional 4,889 shares during the last quarter. Finally, GTS Securities LLC raised its holdings in Linde by 152.4% during the fourth quarter. GTS Securities LLC now owns 3,037 shares of the basic materials company's stock worth $1,272,000 after buying an additional 8,830 shares during the last quarter. 82.80% of the stock is owned by institutional investors.

Linde Price Performance

Shares of LIN stock traded up $1.77 during trading hours on Tuesday, reaching $479.53. The stock had a trading volume of 758,091 shares, compared to its average volume of 2,030,026. The stock's fifty day simple moving average is $473.50 and its 200 day simple moving average is $463.39. 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 12 month low of $408.65 and a 12 month high of $487.49. The firm has a market capitalization of $224.86 billion, a PE ratio of 34.13, a PEG ratio of 3.16 and a beta of 0.95.

Linde (NASDAQ:LIN - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The basic materials company reported $4.09 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 during the quarter, compared to analyst estimates of $8.35 billion. During the same period last year, the business earned $3.85 earnings per share. Linde'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, equities research analysts predict that Linde PLC will post 16.54 EPS for the current year.

Linde Announces Dividend

The firm 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 of this dividend was Thursday, September 4th. This represents a $6.00 annualized dividend and a dividend yield of 1.3%. Linde's dividend payout ratio (DPR) is 42.67%.

Insider Activity at Linde

In other Linde news, Director Stephen F. Angel sold 50,309 shares of Linde stock in a transaction that occurred on 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 of the company's stock, valued at approximately $227,479,445.34. This trade represents a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.70% of the company's stock.

Analysts Set New Price Targets

LIN has been the topic of several research reports. Citigroup upgraded shares of Linde from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $500.00 to $535.00 in a report on Monday, June 30th. UBS Group increased their target price on shares of Linde from $485.00 to $504.00 and gave the company a "neutral" rating in a report on Wednesday, July 9th. JPMorgan Chase & Co. increased their target price on shares of Linde from $470.00 to $475.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Finally, Royal Bank Of Canada began coverage on shares of Linde in a report on Friday, June 13th. They issued an "outperform" rating and a $576.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Linde presently has an average rating of "Buy" and a consensus target price of $519.63.

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.