GLOBALT Investments LLC GA Boosts Holdings in Linde PLC $LIN

GLOBALT Investments LLC GA grew its stake in shares of Linde PLC (NASDAQ:LIN) by 1.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,080 shares of the basic materials company’s stock after buying an additional 44 shares during the quarter. GLOBALT Investments LLC GA’s holdings in Linde were worth $1,445,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. North Capital Inc. purchased a new stake in shares of Linde during the 1st quarter valued at $25,000. Abound Financial LLC purchased a new stake in shares of Linde during the 1st quarter valued at $41,000. eCIO Inc. purchased a new stake in shares of Linde during the 1st quarter valued at $45,000. Clal Insurance Enterprises Holdings Ltd raised its position in shares of Linde by 445.0% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company’s stock valued at $51,000 after buying an additional 89 shares in the last quarter. Finally, Nova Wealth Management Inc. purchased a new stake in shares of Linde during the 1st quarter valued at $52,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price objective on shares of Linde from $470.00 to $475.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. UBS Group lowered their price objective on shares of Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Linde in a research report on Wednesday, October 8th. Finally, Citigroup lifted their target price on shares of Linde from $530.00 to $535.00 and gave the stock a “buy” rating in a research 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 given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $520.00.

Insider Transactions at Linde

In other Linde news, Director Stephen F. Angel sold 50,309 shares of the firm’s stock in a transaction 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 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 position. 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 currently owned by company insiders.

Linde Price Performance

Shares of NASDAQ:LIN opened at $446.00 on Friday. The stock has a market cap of $209.13 billion, a PE ratio of 31.72, a PEG ratio of 2.97 and a beta of 0.93. The company’s fifty day moving average is $470.10 and its 200 day moving average is $464.34. Linde PLC has a 52 week low of $408.65 and a 52 week high of $486.38. 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 (NASDAQ:LIN) last issued its earnings results on Friday, August 1st. The basic materials company reported $4.09 EPS for the quarter, topping analysts’ consensus estimates of $4.03 by $0.06. The company had revenue of $8.50 billion for the quarter, compared to analysts’ expectations 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 quarter last year, the company earned $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. Research analysts anticipate that Linde PLC will post 16.54 earnings per share for the current year.

Linde Announces Dividend

The company 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. 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 (DPR) is 42.67%.

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.