Barrett & Company Inc. Makes New $99,000 Investment in Linde PLC $LIN

Barrett & Company Inc. bought a new position in Linde PLC (NASDAQ:LIN) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 210 shares of the basic materials company’s stock, valued at approximately $99,000.

Other hedge funds also recently bought and sold shares of the company. Breakwater Capital Group boosted its stake in shares of Linde by 2.3% during the 2nd quarter. Breakwater Capital Group now owns 980 shares of the basic materials company’s stock worth $460,000 after acquiring an additional 22 shares in the last quarter. Strategy Asset Managers LLC boosted its stake in shares of Linde by 2.8% during the 1st quarter. Strategy Asset Managers LLC now owns 834 shares of the basic materials company’s stock worth $388,000 after acquiring an additional 23 shares in the last quarter. Diversify Advisory Services LLC boosted its stake in shares of Linde by 2.5% during the 1st quarter. Diversify Advisory Services LLC now owns 999 shares of the basic materials company’s stock worth $450,000 after acquiring an additional 24 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of Linde by 0.8% during the 1st quarter. IFP Advisors Inc now owns 3,207 shares of the basic materials company’s stock worth $1,493,000 after acquiring an additional 24 shares in the last quarter. Finally, Richards Merrill & Peterson Inc. boosted its stake in shares of Linde by 3.0% during the 1st quarter. Richards Merrill & Peterson Inc. now owns 816 shares of the basic materials company’s stock worth $380,000 after acquiring an additional 24 shares in the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Stephen F. Angel sold 50,309 shares of the stock in a transaction that occurred 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 transaction, the director directly owned 480,543 shares of the company’s stock, 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 Upgrades and Downgrades

Several research firms have recently issued reports on LIN. Weiss Ratings reiterated a “buy (b)” rating on shares of Linde in a research note on Saturday, September 27th. UBS Group upped their price target on Linde from $485.00 to $504.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 9th. JPMorgan Chase & Co. upped their price target on Linde from $470.00 to $475.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Citigroup upgraded Linde from a “neutral” rating to a “buy” rating and increased their target price for the company from $500.00 to $535.00 in a research note on Monday, June 30th. Finally, Royal Bank Of Canada began coverage on Linde in a research note on Friday, June 13th. They set an “outperform” rating and a $576.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $519.63.

Linde Price Performance

Shares of LIN stock opened at $466.73 on Friday. The stock has a 50 day moving average of $474.57 and a two-hundred day moving average of $464.31. 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 company has a market capitalization of $218.85 billion, a P/E ratio of 33.20, a P/E/G ratio of 3.10 and a beta of 0.93.

Linde (NASDAQ:LIN) last announced its quarterly earnings data 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. 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 quarter last year, the company earned $3.85 EPS. The company’s quarterly revenue 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, equities analysts expect that Linde PLC will post 16.54 EPS for the current year.

Linde Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were issued a $1.50 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.3%. Linde’s dividend payout ratio is presently 42.67%.

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.