Linde PLC $LIN Position Lifted by TBH Global Asset Management LLC

TBH Global Asset Management LLC raised its stake in Linde PLC (NASDAQ:LIN) by 5.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 2,072 shares of the basic materials company’s stock after acquiring an additional 116 shares during the period. TBH Global Asset Management LLC’s holdings in Linde were worth $972,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Nuveen LLC acquired a new stake in Linde during the first quarter valued at approximately $2,097,793,000. Deutsche Bank AG increased its holdings in shares of Linde by 172.4% in the 1st quarter. Deutsche Bank AG now owns 2,407,637 shares of the basic materials company’s stock valued at $1,121,092,000 after acquiring an additional 1,523,702 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Linde by 18.6% in the 1st quarter. Wellington Management Group LLP now owns 7,542,991 shares of the basic materials company’s stock valued at $3,511,751,000 after acquiring an additional 1,182,157 shares during the last quarter. Alecta Tjanstepension Omsesidigt acquired a new stake in shares of Linde during the 1st quarter valued at approximately $233,405,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in Linde by 5.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,600,297 shares of the basic materials company’s stock worth $4,470,284,000 after purchasing an additional 453,108 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

Insider Buying and Selling

In other Linde news, Director Stephen F. Angel sold 50,309 shares of Linde stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $473.38, for a total transaction 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. The trade was a 9.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.70% of the stock is currently owned by corporate insiders.

Linde Stock Up 0.1%

Linde stock opened at $474.41 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.78 and a current ratio of 0.93. Linde PLC has a one year low of $408.65 and a one year high of $487.49. The company has a 50-day simple moving average of $474.62 and a 200-day simple moving average of $463.89. The firm has a market capitalization of $222.46 billion, a P/E ratio of 33.74, a P/E/G ratio of 3.13 and a beta of 0.95.

Linde (NASDAQ:LIN) last posted its 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 net margin of 20.20% and a return on equity of 19.09%. The firm had revenue of $8.50 billion during the quarter, compared to analyst estimates of $8.35 billion. During the same period in the previous year, the business posted $3.85 EPS. Linde’s revenue 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, equities analysts expect that Linde PLC will post 16.54 earnings per share for the current year.

Linde Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. UBS Group boosted their target price on shares of Linde from $485.00 to $504.00 and gave the company a “neutral” rating in a research note on Wednesday, July 9th. JPMorgan Chase & Co. lifted their price target on shares of Linde from $470.00 to $475.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Royal Bank Of Canada assumed 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. Finally, Citigroup upgraded Linde from a “neutral” rating to a “buy” rating and lifted their target price for the company from $500.00 to $535.00 in a research note on Monday, June 30th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $519.63.

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.