SC&H Financial Advisors Inc. Acquires Shares of 442 Linde PLC $LIN

SC&H Financial Advisors Inc. purchased a new position in Linde PLC (NASDAQ:LIN) during the second quarter, Holdings Channel reports. The fund purchased 442 shares of the basic materials company’s stock, valued at approximately $207,000.

A number of other hedge funds also recently bought and sold shares of the company. Truist Financial Corp raised its holdings in shares of Linde by 75.0% in the first quarter. Truist Financial Corp now owns 193,563 shares of the basic materials company’s stock worth $90,131,000 after buying an additional 82,952 shares during the period. Freedom Day Solutions LLC increased its position 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 period. Meiji Yasuda Asset Management Co Ltd. boosted its stake in 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 valued at $10,970,000 after acquiring an additional 4,839 shares in the last quarter. Exane Asset Management acquired a new stake in Linde in the first quarter valued at about $295,000. Finally, Hourglass Capital LLC purchased a new position in shares of Linde during the 1st quarter worth approximately $935,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Linde Stock Up 0.1%

Linde stock opened at $474.41 on Friday. The firm has a market cap of $222.46 billion, a price-to-earnings ratio of 33.74, a price-to-earnings-growth ratio of 3.13 and a beta of 0.95. The business’s 50-day moving average price is $474.62 and its 200 day moving average price is $463.89. Linde PLC has a 52 week low of $408.65 and a 52 week high of $487.49. 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 announced 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. 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 business earned $3.85 EPS. 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, sell-side analysts anticipate that Linde PLC will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms have commented on LIN. Citigroup upgraded shares of Linde from a “neutral” rating to a “buy” rating and upped their target price for the stock from $500.00 to $535.00 in a research report on Monday, June 30th. Royal Bank Of Canada began coverage on shares of Linde in a research note on Friday, June 13th. They set an “outperform” rating and a $576.00 price objective on the stock. 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. Finally, UBS Group lifted their target price on Linde from $485.00 to $504.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 9th. Two analysts have rated the stock with a Strong Buy rating, seven 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 an average target price of $519.63.

Insider Transactions at Linde

In other Linde news, Director Stephen F. Angel sold 50,309 shares of the stock in a transaction on 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 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 filing with the SEC, which is available through the SEC website. 0.70% of the stock is currently 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.