AlTi Global Inc. Purchases 23 Shares of Linde PLC $LIN

AlTi Global Inc. raised its position in shares of Linde PLC (NASDAQ:LIN) by 1.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,065 shares of the basic materials company’s stock after acquiring an additional 23 shares during the quarter. AlTi Global Inc.’s holdings in Linde were worth $969,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. North Capital Inc. bought a new stake in Linde during the 1st quarter valued at approximately $25,000. Abound Financial LLC bought a new stake in Linde during the 1st quarter valued at approximately $41,000. eCIO Inc. bought a new stake in Linde during the 1st quarter valued at approximately $45,000. Clal Insurance Enterprises Holdings Ltd boosted its position in Linde by 445.0% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company’s stock valued at $51,000 after acquiring an additional 89 shares in the last quarter. Finally, Nova Wealth Management Inc. bought a new stake in Linde during the 1st quarter valued at approximately $52,000. 82.80% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Stephen F. Angel sold 50,309 shares of the business’s 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 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have weighed in on LIN shares. JPMorgan Chase & Co. lifted their price objective on Linde from $470.00 to $475.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. UBS Group lowered their target price on shares of Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Citigroup lifted their target price on shares of Linde from $530.00 to $535.00 and gave the company a “buy” rating in a report on Monday, October 6th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Linde in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $520.00.

Linde Price Performance

LIN stock opened at $446.00 on Friday. The firm has a 50 day moving average price of $470.10 and a 200-day moving average price of $464.34. Linde PLC has a 52-week low of $408.65 and a 52-week high of $486.38. The firm has a market capitalization of $209.13 billion, a price-to-earnings ratio of 31.72, a PEG ratio of 2.97 and a beta of 0.93. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.78 and a current ratio of 0.93.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Friday, August 1st. The basic materials company reported $4.09 earnings per share for the quarter, topping 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 analyst estimates of $8.35 billion. During the same period in the previous year, the business earned $3.85 EPS. The firm’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. Equities research analysts forecast that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Dividend Announcement

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

Linde 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.