Violich Capital Management Inc. Makes New $664,000 Investment in Linde PLC $LIN

Key Points

• Violich Capital Management Inc. has made a new investment of approximately $664,000 in Linde PLC, acquiring 1,415 shares of the company's stock in the second quarter.
• Linde reported $4.09 earnings per share (EPS) for the recent quarter, exceeding analysts' expectations, with quarterly revenue reaching $8.50 billion.
• The company declared a quarterly dividend of $1.50 per share, representing an annualized dividend yield of 1.3%, with a payout ratio of 42.67%.

Violich Capital Management Inc. acquired a new stake in Linde PLC (NASDAQ:LIN - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,415 shares of the basic materials company's stock, valued at approximately $664,000.

Several other hedge funds also recently modified their holdings of LIN. Brighton Jones LLC bought a new stake in shares of Linde in the 4th quarter valued at $2,752,000. Revolve Wealth Partners LLC increased its stake in shares of Linde by 14.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company's stock valued at $325,000 after acquiring an additional 96 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Linde by 25.4% in the 1st quarter. GAMMA Investing LLC now owns 7,336 shares of the basic materials company's stock valued at $3,416,000 after acquiring an additional 1,488 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Linde by 6.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 61,427 shares of the basic materials company's stock valued at $28,603,000 after acquiring an additional 3,838 shares in the last quarter. Finally, ORG Partners LLC increased its stake in shares of Linde by 22.0% in the 1st quarter. ORG Partners LLC now owns 500 shares of the basic materials company's stock valued at $235,000 after acquiring an additional 90 shares in the last quarter. Institutional investors own 82.80% of the company's stock.

Linde Stock Performance

NASDAQ LIN opened at $450.89 on Friday. The company has a fifty day simple moving average of $472.69 and a 200 day simple moving average of $464.07. Linde PLC has a 12-month low of $408.65 and a 12-month high of $487.27. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 0.49. The company has a market cap of $211.43 billion, a P/E ratio of 32.07, a PEG ratio of 2.98 and a beta of 0.93.

Linde (NASDAQ:LIN - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The basic materials company reported $4.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.03 by $0.06. The firm 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 business's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the firm 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 predict that Linde PLC will post 16.54 earnings per share for the current fiscal 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 issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, September 4th. Linde's payout ratio is currently 42.67%.

Analyst Upgrades and Downgrades

LIN has been the subject of several research analyst reports. Citigroup lifted their price objective on shares of Linde from $530.00 to $535.00 and gave the company a "buy" rating in a research note on Monday, October 6th. Weiss Ratings reiterated a "buy (b)" rating on shares of Linde in a research note on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price target on shares of Linde from $470.00 to $475.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Finally, UBS Group reduced their price target on shares of Linde from $510.00 to $507.00 and set a "neutral" rating for the company in a research report on Monday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $520.00.

Insider Transactions at Linde

In other Linde news, Director Stephen F. Angel sold 50,309 shares of Linde stock in a transaction 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 $227,479,445.34. The trade was a 9.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.70% of the stock is owned by corporate insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.