Linde PLC $LIN Shares Purchased by City Holding Co.

City Holding Co. raised its position in Linde PLC (NASDAQ:LIN) by 2.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,101 shares of the basic materials company’s stock after buying an additional 290 shares during the quarter. City Holding Co.’s holdings in Linde were worth $5,208,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of LIN. North Capital Inc. acquired a new position in Linde in the first quarter valued at $25,000. Abound Financial LLC acquired a new position in Linde in the 1st quarter valued at about $41,000. eCIO Inc. purchased a new stake in Linde during the 1st quarter valued at approximately $45,000. Clal Insurance Enterprises Holdings Ltd grew its stake in shares of Linde by 445.0% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company’s stock valued at $51,000 after purchasing an additional 89 shares during the last quarter. Finally, Nova Wealth Management Inc. acquired a new position in shares of Linde in the first quarter valued at approximately $52,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Linde Price Performance

Shares of NASDAQ:LIN opened at $474.41 on Friday. The firm has a market capitalization of $222.46 billion, a price-to-earnings ratio of 33.74, a price-to-earnings-growth ratio of 3.13 and a beta of 0.95. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.93 and a quick ratio of 0.78. The business’s 50 day simple moving average is $474.62 and its 200-day simple moving average is $463.89. Linde PLC has a 12 month low of $408.65 and a 12 month high of $487.49.

Linde (NASDAQ:LIN) last posted its earnings results on Friday, August 1st. The basic materials company reported $4.09 EPS for the quarter, topping analysts’ consensus estimates of $4.03 by $0.06. The company had revenue of $8.50 billion for the quarter, compared to the consensus estimate of $8.35 billion. Linde had a return on equity of 19.09% and a net margin of 20.20%.Linde’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the business earned $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. As a group, equities analysts forecast that Linde PLC will post 16.54 earnings per share for the current fiscal 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 issued a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Thursday, September 4th. Linde’s dividend payout ratio is 42.67%.

Wall Street Analyst Weigh In

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

Insider Activity at Linde

In related news, Director Stephen F. Angel sold 50,309 shares of Linde 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 in the company, valued at $227,479,445.34. The trade was a 9.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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.