Linde PLC $LIN Shares Acquired by R Squared Ltd

R Squared Ltd raised its stake in Linde PLC (NASDAQ:LIN) by 189.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,277 shares of the basic materials company’s stock after acquiring an additional 2,797 shares during the quarter. Linde comprises approximately 1.1% of R Squared Ltd’s investment portfolio, making the stock its 6th biggest holding. R Squared Ltd’s holdings in Linde were worth $2,007,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. AlTi Global Inc. raised its stake in shares of Linde by 1.1% during the second quarter. AlTi Global Inc. now owns 2,065 shares of the basic materials company’s stock worth $969,000 after buying an additional 23 shares during the last quarter. 180 Wealth Advisors LLC raised its stake in shares of Linde by 15.0% during the second quarter. 180 Wealth Advisors LLC now owns 891 shares of the basic materials company’s stock worth $418,000 after buying an additional 116 shares during the last quarter. Carnegie Investment Counsel boosted its stake in Linde by 9.5% during the 2nd quarter. Carnegie Investment Counsel now owns 2,052 shares of the basic materials company’s stock worth $963,000 after acquiring an additional 178 shares during the last quarter. FSM Wealth Advisors LLC lifted its stake in Linde by 14.9% in the second quarter. FSM Wealth Advisors LLC now owns 788 shares of the basic materials company’s stock valued at $370,000 after buying an additional 102 shares in the last quarter. Finally, Hoge Financial Services LLC lifted its position in shares of Linde by 4.0% in the second quarter. Hoge Financial Services LLC now owns 598 shares of the basic materials company’s stock worth $281,000 after purchasing an additional 23 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Price Performance

LIN stock opened at $450.08 on Friday. 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 PLC has a 12-month low of $408.65 and a 12-month high of $486.38. The company has a market cap of $211.05 billion, a price-to-earnings ratio of 32.01, a PEG ratio of 2.97 and a beta of 0.93. The firm has a 50 day moving average of $470.78 and a 200-day moving average of $464.12.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Friday, August 1st. The basic materials company reported $4.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.03 by $0.06. Linde had a return on equity of 19.09% and a net margin of 20.20%.The firm 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 firm posted $3.85 EPS. The company’s quarterly 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 disclosed 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 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, September 4th. Linde’s dividend payout ratio is presently 42.67%.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other news, Director Stephen F. Angel sold 50,309 shares of the stock in a transaction dated 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.70% of the stock is currently owned by 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.