Pittenger & Anderson Inc. Raises Holdings in Linde PLC $LIN

Pittenger & Anderson Inc. lifted its holdings in shares of Linde PLC (NASDAQ:LIN) by 1.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 23,986 shares of the basic materials company’s stock after acquiring an additional 230 shares during the period. Pittenger & Anderson Inc.’s holdings in Linde were worth $11,254,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Bartlett & CO. Wealth Management LLC grew its stake in shares of Linde by 1.3% during the second quarter. Bartlett & CO. Wealth Management LLC now owns 249,742 shares of the basic materials company’s stock worth $117,174,000 after acquiring an additional 3,230 shares during the last quarter. Truist Financial Corp grew its stake in shares of Linde by 75.0% during the first quarter. Truist Financial Corp now owns 193,563 shares of the basic materials company’s stock worth $90,131,000 after acquiring an additional 82,952 shares during the last quarter. Freedom Day Solutions LLC grew its stake in shares of Linde by 9.6% during the first quarter. Freedom Day Solutions LLC now owns 6,102 shares of the basic materials company’s stock worth $2,841,000 after acquiring an additional 535 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its stake in shares of Linde by 25.9% during the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 23,558 shares of the basic materials company’s stock worth $10,970,000 after acquiring an additional 4,839 shares during the last quarter. Finally, Hourglass Capital LLC acquired a new stake in shares of Linde during the first quarter worth about $935,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Linde Trading Up 0.1%

Shares of NASDAQ:LIN opened at $451.56 on Tuesday. Linde PLC has a 12-month low of $408.65 and a 12-month high of $486.38. The company has a market capitalization of $211.74 billion, a PE ratio of 32.12, a PEG ratio of 2.98 and a beta of 0.93. The business has a 50 day moving average of $472.31 and a two-hundred day moving average of $464.14. 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 (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 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 period in the previous year, the company posted $3.85 earnings per share. Linde’s revenue for the quarter 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, analysts forecast that Linde PLC will post 16.54 EPS for the current year.

Linde Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders 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 yield of 1.3%. Linde’s payout ratio is presently 42.67%.

Analysts Set New Price Targets

LIN has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their target price on Linde from $470.00 to $475.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Linde in a report on Wednesday, October 8th. Citigroup lifted their target price on Linde from $530.00 to $535.00 and gave the stock a “buy” rating in a report on Monday, October 6th. Finally, UBS Group decreased their target price on Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Linde presently has a consensus rating of “Buy” and a consensus price target of $520.00.

Insider Transactions at Linde

In other Linde news, Director Stephen F. Angel sold 50,309 shares of the business’s 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. The trade was a 9.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.70% of the company’s stock.

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.