Pelham Capital Ltd. Has $20.61 Million Stock Position in Linde PLC $LIN

Pelham Capital Ltd. increased its holdings in Linde PLC (NASDAQ:LIN) by 3.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,933 shares of the basic materials company’s stock after acquiring an additional 1,500 shares during the period. Linde comprises approximately 9.6% of Pelham Capital Ltd.’s portfolio, making the stock its 2nd biggest holding. Pelham Capital Ltd.’s holdings in Linde were worth $20,612,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of LIN. Breakwater Capital Group raised its position in shares of Linde by 2.3% in the 2nd quarter. Breakwater Capital Group now owns 980 shares of the basic materials company’s stock worth $460,000 after purchasing an additional 22 shares during the last quarter. Strategy Asset Managers LLC raised its position in Linde by 2.8% in the 1st 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 raised its position in Linde by 2.5% in the 1st 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 raised its holdings in shares of Linde by 0.8% during the first quarter. IFP Advisors Inc now owns 3,207 shares of the basic materials company’s stock valued at $1,493,000 after purchasing an additional 24 shares during the last quarter. Finally, Richards Merrill & Peterson Inc. raised its holdings in shares of Linde by 3.0% during the first quarter. Richards Merrill & Peterson Inc. now owns 816 shares of the basic materials company’s stock valued at $380,000 after purchasing an additional 24 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

Linde Stock Performance

Shares of LIN opened at $466.81 on Thursday. The business has a 50-day simple moving average of $474.74 and a two-hundred day simple moving average of $464.21. The stock has a market cap of $218.89 billion, a price-to-earnings ratio of 33.20, a PEG ratio of 3.14 and a beta of 0.94. Linde PLC has a 52 week low of $408.65 and a 52 week high of $487.49. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 0.49.

Linde (NASDAQ:LIN) last released its earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.03 by $0.06. The company had revenue of $8.50 billion during the quarter, compared to analyst estimates of $8.35 billion. Linde had a net margin of 20.20% and a return on equity of 19.09%. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $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. On average, analysts expect that Linde PLC will post 16.54 EPS for the current year.

Linde Dividend Announcement

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 $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Thursday, September 4th. Linde’s dividend payout ratio is presently 42.67%.

Insider Transactions at Linde

In other Linde news, Director Stephen F. Angel sold 50,309 shares of the stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $473.38, for a total value of $23,815,274.42. Following the completion of the sale, the director owned 480,543 shares in the company, valued at approximately $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 accessible through the SEC website. Insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

LIN has been the subject of several research reports. JPMorgan Chase & Co. boosted their target price 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. UBS Group upped their price objective on Linde from $485.00 to $504.00 and gave the company a “neutral” rating in a research report on Wednesday, July 9th. Royal Bank Of Canada assumed coverage on Linde in a research report on Friday, June 13th. They set an “outperform” rating and a $576.00 price objective for the company. Finally, Citigroup upgraded Linde from a “neutral” rating to a “buy” rating and upped their price objective for the company from $500.00 to $535.00 in a research report on Monday, June 30th. 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 company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $519.63.

About Linde

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.