Commerzbank Aktiengesellschaft FI Buys 1,554 Shares of Linde PLC $LIN

Commerzbank Aktiengesellschaft FI boosted its stake in shares of Linde PLC (NASDAQ:LIN) by 14.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,597 shares of the basic materials company’s stock after purchasing an additional 1,554 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Linde were worth $5,911,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LIN. Breakwater Capital Group increased its position in 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 purchasing an additional 22 shares during the period. Canopy Partners LLC increased its position in Linde by 2.9% during the 2nd quarter. Canopy Partners LLC now owns 788 shares of the basic materials company’s stock valued at $370,000 after purchasing an additional 22 shares during the period. Strategy Asset Managers LLC increased its position in 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 purchasing an additional 23 shares during the period. Diversify Advisory Services LLC increased its position in 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 purchasing an additional 24 shares during the period. Finally, IFP Advisors Inc increased its position in 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 purchasing an additional 24 shares during the period. Institutional investors own 82.80% of the company’s stock.

Linde Stock Down 2.1%

LIN stock opened at $458.16 on Friday. The firm has a 50 day moving average of $474.56 and a 200 day moving average of $464.52. The stock has a market capitalization of $214.84 billion, a PE ratio of 32.59, a price-to-earnings-growth ratio of 3.09 and a beta of 0.93. 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 PLC has a 52 week low of $408.65 and a 52 week high of $487.49.

Linde (NASDAQ:LIN) last released 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 during 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%. Linde’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period last year, the business 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. Sell-side analysts forecast 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. Shareholders of record on Thursday, September 4th were paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 1.3%. The ex-dividend date was Thursday, September 4th. Linde’s payout ratio is presently 42.67%.

Insider Buying and Selling

In other Linde news, Director Stephen F. Angel sold 50,309 shares of Linde stock in a transaction that occurred 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 completion of the sale, the director directly owned 480,543 shares in the company, valued at approximately $227,479,445.34. The trade was a 9.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Citigroup raised their target price on shares of Linde from $530.00 to $535.00 and gave the company a “buy” rating in a research report on Monday. Royal Bank Of Canada initiated coverage on shares of Linde in a research report on Friday, June 13th. They set an “outperform” rating and a $576.00 target price on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Linde from $470.00 to $475.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. UBS Group cut 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. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Linde in a research report on Wednesday. Two research 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, Linde has a consensus rating of “Buy” and a consensus price target of $520.00.

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.