Thurston Springer Miller Herd & Titak Inc. Boosts Holdings in Linde PLC $LIN

Key Points

• Thurston Springer Miller Herd & Titak Inc. increased its stake in Linde PLC by 12.7%, owning a total of 9,109 shares worth approximately $4.27 million.
• Linde reported earnings of $4.09 per share for the last quarter, exceeding analysts' expectations of $4.03, with revenue rising to $8.50 billion.
• The company declared a quarterly dividend of $1.50 per share with a yield of 1.2%, to be paid on September 18th.

Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Linde PLC (NASDAQ:LIN - Free Report) by 12.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,109 shares of the basic materials company's stock after buying an additional 1,028 shares during the period. Thurston Springer Miller Herd & Titak Inc.'s holdings in Linde were worth $4,274,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Strategy Asset Managers LLC increased its holdings in Linde by 2.8% during the first quarter. Strategy Asset Managers LLC now owns 834 shares of the basic materials company's stock worth $388,000 after buying an additional 23 shares during the last quarter. Diversify Advisory Services LLC increased its holdings in Linde by 2.5% during the first quarter. Diversify Advisory Services LLC now owns 999 shares of the basic materials company's stock worth $450,000 after buying an additional 24 shares during the last quarter. IFP Advisors Inc increased its holdings in Linde by 0.8% during the first quarter. IFP Advisors Inc now owns 3,207 shares of the basic materials company's stock worth $1,493,000 after buying an additional 24 shares during the last quarter. Richards Merrill & Peterson Inc. increased its holdings in Linde by 3.0% during the first quarter. Richards Merrill & Peterson Inc. now owns 816 shares of the basic materials company's stock worth $380,000 after buying an additional 24 shares during the last quarter. Finally, Enterprise Financial Services Corp increased its stake in shares of Linde by 3.9% in the first quarter. Enterprise Financial Services Corp now owns 647 shares of the basic materials company's stock worth $301,000 after purchasing an additional 24 shares in the last quarter. Hedge funds and other institutional investors own 82.80% of the company's stock.

Linde Trading Down 0.3%

Shares of NASDAQ:LIN opened at $482.04 on Friday. Linde PLC has a 12-month low of $408.65 and a 12-month high of $487.49. The company has a market capitalization of $226.03 billion, a PE ratio of 34.28, a PEG ratio of 3.19 and a beta of 0.95. The business has a 50 day moving average of $472.66 and a two-hundred day moving average of $462.91. 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 (NASDAQ:LIN - Get Free Report) last announced its quarterly 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 return on equity of 19.09% and a net margin of 20.20%.The company had revenue of $8.50 billion during the quarter, compared to the consensus estimate of $8.35 billion. During the same period in the previous year, the company posted $3.85 earnings per share. Linde's revenue for the quarter was up 2.3% on a year-over-year basis. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. As a group, analysts forecast that Linde PLC will post 16.54 EPS for the current year.

Linde Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be issued a $1.50 dividend. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $6.00 dividend on an annualized basis and a yield of 1.2%. Linde's payout ratio is presently 42.67%.

Analyst Ratings Changes

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

Insider Transactions at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $473.38, for a total transaction of $23,815,274.42. Following the completion of the transaction, 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 filing with the SEC, which is available through this link. Insiders own 0.70% of the company's stock.

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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