Stableford Capital II LLC Buys 24 Shares of Linde PLC $LIN

Stableford Capital II LLC grew its stake in shares of Linde PLC (NASDAQ:LIN) by 1.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,076 shares of the basic materials company’s stock after purchasing an additional 24 shares during the period. Stableford Capital II LLC’s holdings in Linde were worth $982,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. WCM Investment Management LLC boosted its position in Linde by 1.9% during the 2nd quarter. WCM Investment Management LLC now owns 3,401,590 shares of the basic materials company’s stock valued at $1,577,624,000 after acquiring an additional 61,829 shares in the last quarter. Evernest Financial Advisors LLC raised its position in shares of Linde by 30.8% in the 2nd quarter. Evernest Financial Advisors LLC now owns 777 shares of the basic materials company’s stock worth $365,000 after acquiring an additional 183 shares in the last quarter. Omnia Family Wealth LLC purchased a new position in shares of Linde in the 2nd quarter valued at approximately $262,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Linde during the second quarter valued at approximately $712,000. Finally, Davidson Investment Advisors purchased a new stake in Linde in the second quarter worth $9,049,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on LIN. Weiss Ratings reiterated a “buy (b)” rating on shares of Linde in a report on Wednesday, October 8th. JPMorgan Chase & Co. increased their price target on shares of Linde from $470.00 to $475.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. UBS Group lowered 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. Finally, Citigroup boosted their price objective 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 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 MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $520.00.

Insider Buying and Selling at Linde

In related news, Director Stephen F. Angel sold 50,309 shares of the firm’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 transaction of $23,815,274.42. Following the completion of the sale, the director owned 480,543 shares of the company’s stock, valued at $227,479,445.34. This trade represents a 9.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.70% of the stock is owned by company insiders.

Linde Price Performance

Shares of NASDAQ:LIN opened at $451.42 on Thursday. Linde PLC has a 1-year low of $408.65 and a 1-year high of $487.49. 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 has a fifty day moving average price of $473.62 and a 200-day moving average price of $464.37. The company has a market capitalization of $211.68 billion, a PE ratio of 32.11, a PEG ratio of 3.03 and a beta 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, topping analysts’ consensus estimates of $4.03 by $0.06. Linde had a net margin of 20.20% and a return on equity of 19.09%. The company had revenue of $8.50 billion for the quarter, compared to analysts’ expectations of $8.35 billion. During the same quarter in the previous year, the business posted $3.85 EPS. Linde’s revenue was up 2.3% compared to the same quarter last year. 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 fiscal year.

Linde Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were issued a dividend of $1.50 per share. The ex-dividend date 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 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.