Advisors Capital Management LLC Purchases 1,413 Shares of Linde PLC $LIN

Advisors Capital Management LLC lifted its position in shares of Linde PLC (NASDAQ:LIN) by 3.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 47,798 shares of the basic materials company’s stock after acquiring an additional 1,413 shares during the quarter. Advisors Capital Management LLC’s holdings in Linde were worth $22,257,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in LIN. Brighton Jones LLC bought a new position in shares of Linde during the 4th quarter worth $2,752,000. Revolve Wealth Partners LLC grew its stake in shares of Linde by 14.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company’s stock worth $325,000 after acquiring an additional 96 shares during the period. Bank Pictet & Cie Europe AG grew its stake in shares of Linde by 2.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 68,460 shares of the basic materials company’s stock worth $28,662,000 after acquiring an additional 1,876 shares during the period. Focus Partners Advisor Solutions LLC boosted its stake in Linde by 80.4% in the 4th quarter. Focus Partners Advisor Solutions LLC now owns 2,253 shares of the basic materials company’s stock worth $943,000 after purchasing an additional 1,004 shares during the period. Finally, NorthRock Partners LLC grew its holdings in Linde by 131.8% during the 4th quarter. NorthRock Partners LLC now owns 3,850 shares of the basic materials company’s stock valued at $1,612,000 after buying an additional 2,189 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. UBS Group lifted their target price on Linde from $485.00 to $504.00 and gave the company a “neutral” rating in a report on Wednesday, July 9th. Royal Bank Of Canada assumed coverage on Linde in a report on Friday, June 13th. They set an “outperform” rating and a $576.00 target price for the company. Citigroup raised 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 report on Monday, June 30th. Finally, JPMorgan Chase & Co. lifted their target price on Linde from $470.00 to $475.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $519.63.

Insider Activity at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of the business’s stock in a transaction dated 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 completion of the transaction, the director owned 480,543 shares of the company’s stock, valued at approximately $227,479,445.34. The trade was a 9.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.70% of the company’s stock.

Linde Stock Down 0.2%

Shares of NASDAQ LIN opened at $472.70 on Thursday. Linde PLC has a 12 month low of $408.65 and a 12 month high of $487.49. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $221.65 billion, a price-to-earnings ratio of 33.62, a PEG ratio of 3.13 and a beta of 0.95. The business has a 50-day moving average of $472.38 and a 200-day moving average of $462.62.

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 the consensus estimate 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 analyst estimates of $8.35 billion. During the same quarter in the previous year, the firm earned $3.85 earnings per share. 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. Sell-side analysts expect that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be issued a dividend of $1.50 per share. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $6.00 annualized dividend and a dividend yield of 1.3%. Linde’s 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.