Mitchell Mcleod Pugh & Williams Inc. Acquires 59 Shares of Linde PLC $LIN

Mitchell Mcleod Pugh & Williams Inc. raised its holdings in Linde PLC (NASDAQ:LIN) by 2.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,839 shares of the basic materials company’s stock after purchasing an additional 59 shares during the period. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Linde were worth $1,332,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. North Capital Inc. acquired a new position in shares of Linde in the 1st quarter valued at approximately $25,000. Abound Financial LLC acquired a new position in shares of Linde in the 1st quarter valued at approximately $41,000. eCIO Inc. acquired a new position in shares of Linde in the 1st quarter valued at approximately $45,000. Clal Insurance Enterprises Holdings Ltd raised its position 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 buying an additional 89 shares in the last quarter. Finally, Nova Wealth Management Inc. acquired a new position in shares of Linde in the 1st quarter valued at approximately $52,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Linde Stock Performance

NASDAQ LIN opened at $459.25 on Wednesday. The firm’s fifty day moving average price is $474.02 and its two-hundred day moving average price is $464.46. The stock has a market cap of $215.35 billion, a PE ratio of 32.66, a PEG ratio of 3.02 and a beta of 0.93. Linde PLC has a fifty-two week low of $408.65 and a fifty-two week high of $487.49. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.78 and a current ratio of 0.93.

Linde (NASDAQ:LIN) 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 the consensus estimate of $4.03 by $0.06. Linde had a net margin of 20.20% and a return on equity of 19.09%. The firm had revenue of $8.50 billion during the quarter, compared to analysts’ expectations of $8.35 billion. During the same period in the prior year, the company posted $3.85 EPS. The company’s 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. On average, equities analysts expect that Linde PLC will post 16.54 EPS for the current fiscal 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 given a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 1.3%. The ex-dividend date was Thursday, September 4th. Linde’s dividend payout ratio is 42.67%.

Insider Transactions at Linde

In other Linde news, Director Stephen F. Angel sold 50,309 shares of the company’s stock in a transaction that occurred on Thursday, August 7th. The shares were 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 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 legal filing with the SEC, which can be accessed through this link. Company insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on LIN shares. 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 report on Monday, August 4th. UBS Group lowered their price objective 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. Weiss Ratings restated a “buy (b)” rating on shares of Linde in a research report on Wednesday, October 8th. Finally, Citigroup boosted their target price on shares of Linde from $530.00 to $535.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $520.00.

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.