Linde PLC $LIN Shares Bought by Ameriflex Group Inc.

Ameriflex Group Inc. raised its holdings in Linde PLC (NASDAQ:LIN) by 41.5% during the second quarter, HoldingsChannel.com reports. The firm owned 1,716 shares of the basic materials company’s stock after buying an additional 503 shares during the period. Ameriflex Group Inc.’s holdings in Linde were worth $797,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Breakwater Capital Group raised its position in shares of Linde by 2.3% during the 2nd quarter. Breakwater Capital Group now owns 980 shares of the basic materials company’s stock valued at $460,000 after acquiring an additional 22 shares in the last quarter. Strategy Asset Managers LLC raised its position in shares of Linde by 2.8% during the 1st quarter. Strategy Asset Managers LLC now owns 834 shares of the basic materials company’s stock valued at $388,000 after acquiring an additional 23 shares in the last quarter. Diversify Advisory Services LLC raised its position in shares of Linde by 2.5% during the 1st quarter. Diversify Advisory Services LLC now owns 999 shares of the basic materials company’s stock valued at $450,000 after acquiring an additional 24 shares in the last quarter. IFP Advisors Inc raised its position in shares of Linde by 0.8% during the 1st quarter. IFP Advisors Inc now owns 3,207 shares of the basic materials company’s stock valued at $1,493,000 after acquiring an additional 24 shares in the last quarter. Finally, Richards Merrill & Peterson Inc. raised its position in shares of Linde by 3.0% during the 1st quarter. Richards Merrill & Peterson Inc. now owns 816 shares of the basic materials company’s stock valued at $380,000 after acquiring an additional 24 shares in the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Stephen F. Angel sold 50,309 shares of the stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $473.38, for a total value of $23,815,274.42. Following the completion of the transaction, the director owned 480,543 shares of the company’s stock, valued at approximately $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 SEC, which can be accessed through this link. Insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

LIN has been the topic of several research reports. Citigroup raised Linde from a “neutral” rating to a “buy” rating and upped their price target for the company from $500.00 to $535.00 in a research report on Monday, June 30th. Royal Bank Of Canada initiated coverage on Linde in a research report on Friday, June 13th. They set an “outperform” rating and a $576.00 price target on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Linde in a research report on Saturday, September 27th. JPMorgan Chase & Co. upped their price target on Linde from $470.00 to $475.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Finally, UBS Group upped their price objective 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, eight have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Linde has an average rating of “Buy” and a consensus price target of $519.63.

Linde Price Performance

Shares of LIN opened at $466.73 on Friday. The company has a market cap of $218.85 billion, a P/E ratio of 33.20, a PEG ratio of 3.10 and a beta of 0.93. The stock has a fifty day moving average price of $474.57 and a 200 day moving average price of $464.31. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.93 and a quick ratio of 0.78. Linde PLC has a 12 month low of $408.65 and a 12 month high of $487.49.

Linde (NASDAQ:LIN) last issued its quarterly earnings data 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. 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 prior year, the business earned $3.85 EPS. The firm’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. On average, research analysts forecast that Linde PLC will post 16.54 earnings per share for the current year.

Linde Announces Dividend

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

Linde Company Profile

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.