Linde PLC $LIN Shares Acquired by SGL Investment Advisors Inc.

SGL Investment Advisors Inc. lifted its holdings in Linde PLC (NASDAQ:LIN) by 9.9% in the second quarter, Holdings Channel reports. The firm owned 832 shares of the basic materials company’s stock after buying an additional 75 shares during the period. SGL Investment Advisors Inc.’s holdings in Linde were worth $391,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LIN. Price T Rowe Associates Inc. MD raised its holdings 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 buying an additional 453,108 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Linde by 18.6% during the first 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 buying an additional 1,182,157 shares during the last quarter. Nuveen LLC acquired a new position in shares of Linde in the 1st quarter valued at $2,097,793,000. Invesco Ltd. raised its stake in Linde by 1.1% in the 1st quarter. Invesco Ltd. now owns 3,859,539 shares of the basic materials company’s stock worth $1,797,156,000 after acquiring an additional 40,931 shares during the last quarter. Finally, WCM Investment Management LLC lifted its position in Linde by 0.3% during the 1st quarter. WCM Investment Management LLC now owns 3,339,761 shares of the basic materials company’s stock worth $1,533,318,000 after acquiring an additional 9,870 shares during the period. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Linde Price Performance

NASDAQ:LIN opened at $468.55 on Tuesday. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 0.49. Linde PLC has a 52 week low of $408.65 and a 52 week high of $487.49. The stock’s 50-day moving average price is $474.59 and its 200-day moving average price is $464.46. The stock has a market capitalization of $219.71 billion, a PE ratio of 33.33, a price-to-earnings-growth ratio of 3.08 and a beta of 0.93.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Friday, August 1st. The basic materials company reported $4.09 EPS for the quarter, beating the consensus estimate of $4.03 by $0.06. The company had revenue of $8.50 billion for the quarter, compared to analyst estimates of $8.35 billion. Linde had a return on equity of 19.09% and a net margin of 20.20%.Linde’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last 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 expect that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, September 4th. Linde’s payout ratio is presently 42.67%.

Insiders Place Their Bets

In other Linde news, Director Stephen F. Angel sold 50,309 shares of the company’s stock in a transaction on Thursday, August 7th. The shares were 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 approximately $227,479,445.34. This represents a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on LIN shares. JPMorgan Chase & Co. increased 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. Weiss Ratings reiterated a “buy (b)” rating on shares of Linde in a report on Saturday, September 27th. Citigroup lifted their price objective on shares of Linde from $530.00 to $535.00 and gave the company a “buy” rating in a research note on Monday. Royal Bank Of Canada assumed coverage on shares of Linde in a research note on Friday, June 13th. They issued an “outperform” rating and a $576.00 price objective on the stock. Finally, UBS Group decreased their target price on shares of Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a research report on Monday. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $520.00.

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.