Park Place Capital Corp Grows Stock Holdings in Linde PLC $LIN

Park Place Capital Corp raised its holdings in Linde PLC (NASDAQ:LIN) by 11.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,646 shares of the basic materials company’s stock after purchasing an additional 173 shares during the quarter. Park Place Capital Corp’s holdings in Linde were worth $785,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in LIN. Nuveen LLC purchased a new stake in Linde in the 1st quarter valued at approximately $2,097,793,000. Deutsche Bank AG boosted its holdings in 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 purchasing an additional 1,523,702 shares in the last quarter. Wellington Management Group LLP boosted its holdings in 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 purchasing an additional 1,182,157 shares in the last quarter. Alecta Tjanstepension Omsesidigt purchased a new stake in Linde in the 1st quarter valued at approximately $233,405,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Linde by 5.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,600,297 shares of the basic materials company’s stock valued at $4,470,284,000 after purchasing an additional 453,108 shares in the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Linde Price Performance

LIN stock opened at $476.49 on Tuesday. The firm has a 50 day moving average of $474.74 and a 200-day moving average of $464.11. 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 company has a market cap of $223.43 billion, a price-to-earnings ratio of 33.89, a PEG ratio of 3.13 and a beta of 0.95.

Linde (NASDAQ:LIN) last posted its quarterly 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 company had revenue of $8.50 billion during the quarter, compared to the consensus estimate of $8.35 billion. During the same period last year, the firm earned $3.85 EPS. The company’s revenue for the quarter 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 EPS for the current fiscal year.

Linde Dividend Announcement

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

Insider Activity

In related news, Director Stephen F. Angel sold 50,309 shares of Linde stock in a transaction that occurred 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 completion of the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on LIN shares. UBS Group lifted their price objective on Linde from $485.00 to $504.00 and gave the company a “neutral” rating in a report on Wednesday, July 9th. Citigroup raised Linde from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $500.00 to $535.00 in a report on Monday, June 30th. Royal Bank Of Canada assumed coverage on shares of Linde in a research report on Friday, June 13th. They set an “outperform” rating and a $576.00 price target for the company. Finally, 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 research report on Monday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company 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.