Klingman & Associates LLC Buys 553 Shares of Linde PLC $LIN

Klingman & Associates LLC grew its position in shares of Linde PLC (NASDAQ:LIN) by 53.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,583 shares of the basic materials company’s stock after purchasing an additional 553 shares during the quarter. Klingman & Associates LLC’s holdings in Linde were worth $743,000 as of its most recent SEC filing.

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

Linde Trading Up 0.1%

NASDAQ LIN opened at $451.56 on Tuesday. 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 PLC has a 52 week low of $408.65 and a 52 week high of $486.38. The business has a 50 day moving average price of $472.31 and a 200-day moving average price of $464.14. The company has a market cap of $211.74 billion, a price-to-earnings ratio of 32.12, a P/E/G ratio of 2.98 and a beta of 0.93.

Linde (NASDAQ:LIN) last posted 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. The business had revenue of $8.50 billion during the quarter, compared to the consensus estimate of $8.35 billion. Linde had a net margin of 20.20% and a return on equity of 19.09%. Linde’s revenue was up 2.3% compared to the same quarter last year. During the same quarter last 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. As a group, equities analysts expect that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Dividend Announcement

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

Wall Street Analysts Forecast Growth

LIN has been the topic of several recent analyst reports. UBS Group dropped their price target on Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Linde in a research note on Wednesday, October 8th. Citigroup increased 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. Finally, JPMorgan Chase & Co. raised their price target on shares of Linde from $470.00 to $475.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. 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, Linde presently has an average rating of “Buy” and a consensus price target 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 dated 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 transaction, the director owned 480,543 shares of the company’s stock, valued at approximately $227,479,445.34. This trade represents a 9.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.70% of the stock is owned by corporate insiders.

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.