Linde PLC $LIN Position Boosted by Brookstone Capital Management

Brookstone Capital Management grew its holdings in shares of Linde PLC (NASDAQ:LIN) by 20.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,733 shares of the basic materials company’s stock after purchasing an additional 2,355 shares during the period. Brookstone Capital Management’s holdings in Linde were worth $6,443,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Bartlett & CO. Wealth Management LLC boosted its position in shares of Linde by 1.3% during the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 249,742 shares of the basic materials company’s stock valued at $117,174,000 after purchasing an additional 3,230 shares in the last quarter. Truist Financial Corp boosted its position in shares of Linde by 75.0% during the 1st quarter. Truist Financial Corp now owns 193,563 shares of the basic materials company’s stock valued at $90,131,000 after purchasing an additional 82,952 shares in the last quarter. Freedom Day Solutions LLC boosted its position in shares of Linde by 9.6% during the 1st quarter. Freedom Day Solutions LLC now owns 6,102 shares of the basic materials company’s stock valued at $2,841,000 after purchasing an additional 535 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in shares of Linde by 25.9% in 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 buying an additional 4,839 shares during the period. Finally, Exane Asset Management acquired a new position in shares of Linde in the first quarter worth about $295,000. Institutional investors own 82.80% of the company’s stock.

Linde Price Performance

NASDAQ LIN opened at $449.92 on Thursday. The company has a 50 day simple moving average of $471.33 and a 200-day simple moving average of $463.95. 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 firm has a market capitalization of $210.97 billion, a price-to-earnings ratio of 32.00, a price-to-earnings-growth ratio of 2.97 and a beta of 0.93. Linde PLC has a 52-week low of $408.65 and a 52-week high of $486.38.

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, topping analysts’ consensus estimates of $4.03 by $0.06. The business had revenue of $8.50 billion during the quarter, compared to analyst estimates of $8.35 billion. Linde had a net margin of 20.20% and a return on equity of 19.09%. The firm’s revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.85 earnings per share. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. Equities research analysts predict that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were given 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 of this dividend was Thursday, September 4th. Linde’s dividend payout ratio is 42.67%.

Analysts Set New Price Targets

LIN has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their target price on shares of Linde from $470.00 to $475.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. UBS Group decreased their target price on shares of Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Citigroup raised their target price on shares of Linde from $530.00 to $535.00 and gave the stock a “buy” rating in a report on Monday, October 6th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Linde in a report on Wednesday, October 8th. Two equities 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. Based on data from MarketBeat.com, Linde has an average rating of “Buy” and an average price target of $520.00.

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 shares were sold at an average price of $473.38, for a total value of $23,815,274.42. Following the completion of the sale, the director directly owned 480,543 shares of the company’s stock, valued at $227,479,445.34. This represents a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.70% of the stock is owned by company 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.