Linde PLC $LIN Shares Bought by Fulcrum Capital LLC

Fulcrum Capital LLC lifted its holdings in Linde PLC (NASDAQ:LIN) by 1.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 14,417 shares of the basic materials company’s stock after acquiring an additional 168 shares during the quarter. Linde makes up about 1.4% of Fulcrum Capital LLC’s portfolio, making the stock its 25th biggest holding. Fulcrum Capital LLC’s holdings in Linde were worth $6,764,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in LIN. Nuveen LLC purchased a new position in shares of Linde in the first quarter worth approximately $2,097,793,000. Deutsche Bank AG increased its position in shares of Linde by 172.4% in the first quarter. Deutsche Bank AG now owns 2,407,637 shares of the basic materials company’s stock worth $1,121,092,000 after acquiring an additional 1,523,702 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Linde by 18.6% in the first quarter. Wellington Management Group LLP now owns 7,542,991 shares of the basic materials company’s stock worth $3,511,751,000 after acquiring an additional 1,182,157 shares in the last quarter. Alecta Tjanstepension Omsesidigt purchased a new position in shares of Linde in the first quarter worth approximately $233,405,000. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Linde by 5.0% in 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 acquiring an additional 453,108 shares in the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Linde Price Performance

NASDAQ LIN opened at $453.82 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $212.80 billion, a PE ratio of 32.28, a price-to-earnings-growth ratio of 3.03 and a beta of 0.93. The company has a 50 day moving average price of $474.45 and a two-hundred day moving average price of $464.49. Linde PLC has a 12-month low of $408.65 and a 12-month high of $487.49.

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. The firm 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%. The company’s revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company earned $3.85 earnings per share. 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 predict that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Dividend Announcement

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

Insider Transactions at Linde

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 value of $23,815,274.42. Following the completion of the sale, the director directly owned 480,543 shares in the company, valued at $227,479,445.34. The trade was a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on LIN shares. Weiss Ratings reissued a “buy (b)” rating on shares of Linde in a research report on Wednesday. UBS Group decreased their price target on shares of Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a report on Monday. Royal Bank Of Canada initiated coverage on shares of Linde in a report on Friday, June 13th. They set an “outperform” rating and a $576.00 price target for the company. 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, Citigroup raised their price target on shares of Linde from $530.00 to $535.00 and gave the stock a “buy” rating in a report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Linde has a consensus rating of “Buy” and an average target price 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.