Linde PLC $LIN is Pelham Capital Ltd.’s 2nd Largest Position

Pelham Capital Ltd. boosted its stake in shares of Linde PLC (NASDAQ:LIN) by 3.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 43,933 shares of the basic materials company’s stock after buying an additional 1,500 shares during the period. Linde comprises 9.6% of Pelham Capital Ltd.’s holdings, making the stock its 2nd biggest position. Pelham Capital Ltd.’s holdings in Linde were worth $20,612,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Breakwater Capital Group boosted its stake in Linde by 2.3% during the second quarter. Breakwater Capital Group now owns 980 shares of the basic materials company’s stock worth $460,000 after buying an additional 22 shares during the period. Strategy Asset Managers LLC boosted its stake in shares of Linde by 2.8% during the 1st quarter. Strategy Asset Managers LLC now owns 834 shares of the basic materials company’s stock worth $388,000 after purchasing an additional 23 shares during the period. Diversify Advisory Services LLC boosted its stake in shares of Linde by 2.5% during the 1st quarter. Diversify Advisory Services LLC now owns 999 shares of the basic materials company’s stock worth $450,000 after purchasing an additional 24 shares during the period. IFP Advisors Inc boosted its stake in shares of Linde by 0.8% during the 1st quarter. IFP Advisors Inc now owns 3,207 shares of the basic materials company’s stock worth $1,493,000 after purchasing an additional 24 shares during the period. Finally, Richards Merrill & Peterson Inc. boosted its stake in shares of Linde by 3.0% during the 1st quarter. Richards Merrill & Peterson Inc. now owns 816 shares of the basic materials company’s stock worth $380,000 after purchasing an additional 24 shares during the period. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Insider Activity

In related news, Director Stephen F. Angel sold 50,309 shares of the company’s stock in a transaction dated 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 owned 480,543 shares of the company’s stock, valued at approximately $227,479,445.34. This represents a 9.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

LIN has been the subject of several recent analyst reports. UBS Group boosted their target price on Linde from $485.00 to $504.00 and gave the company a “neutral” rating in a research report on Wednesday, July 9th. JPMorgan Chase & Co. boosted their price objective on Linde from $470.00 to $475.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Citigroup upgraded Linde from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $500.00 to $535.00 in a report on Monday, June 30th. Finally, Royal Bank Of Canada began coverage on shares of Linde in a research report on Friday, June 13th. They issued an “outperform” rating and a $576.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $519.63.

Linde Trading Down 1.7%

Shares of Linde stock opened at $466.81 on Thursday. The firm has a fifty day moving average price of $474.74 and a 200 day moving average price of $464.21. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.93 and a quick ratio of 0.78. The stock has a market cap of $218.89 billion, a PE ratio of 33.20, a price-to-earnings-growth ratio of 3.14 and a beta of 0.94. Linde PLC has a 1 year low of $408.65 and a 1 year high of $487.49.

Linde (NASDAQ:LIN) last released its quarterly earnings data on Friday, August 1st. The basic materials company reported $4.09 earnings per share for the quarter, beating 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%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter 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. Equities research analysts predict that Linde PLC will post 16.54 earnings per share for the current year.

Linde Announces Dividend

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

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.