DAVENPORT & Co LLC Increases Position in Linde PLC $LIN

DAVENPORT & Co LLC raised its holdings in Linde PLC (NASDAQ:LIN) by 0.1% during the second quarter, HoldingsChannel.com reports. The firm owned 30,964 shares of the basic materials company’s stock after buying an additional 30 shares during the period. DAVENPORT & Co LLC’s holdings in Linde were worth $14,528,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Bartlett & CO. Wealth Management LLC raised its stake in Linde by 1.3% during the second quarter. Bartlett & CO. Wealth Management LLC now owns 249,742 shares of the basic materials company’s stock valued at $117,174,000 after buying an additional 3,230 shares in the last quarter. Truist Financial Corp increased its holdings in shares of Linde by 75.0% in the 1st quarter. Truist Financial Corp now owns 193,563 shares of the basic materials company’s stock valued at $90,131,000 after acquiring an additional 82,952 shares during the last quarter. Freedom Day Solutions LLC lifted its stake in Linde by 9.6% during the first quarter. Freedom Day Solutions LLC now owns 6,102 shares of the basic materials company’s stock worth $2,841,000 after purchasing an additional 535 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in Linde by 25.9% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 23,558 shares of the basic materials company’s stock worth $10,970,000 after purchasing an additional 4,839 shares during the period. Finally, Exane Asset Management bought a new stake in Linde during the first quarter valued at $295,000. Institutional investors own 82.80% of the company’s stock.

Linde Stock Performance

Shares of LIN stock opened at $468.55 on Tuesday. Linde PLC has a 12-month low of $408.65 and a 12-month high of $487.49. 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 firm has a market capitalization of $219.71 billion, a price-to-earnings ratio of 33.33, a price-to-earnings-growth ratio of 3.08 and a beta of 0.93. The business has a 50 day simple moving average of $474.59 and a 200 day simple moving average of $464.46.

Linde (NASDAQ:LIN) last issued its quarterly earnings results on Friday, August 1st. The basic materials company reported $4.09 EPS for the quarter, beating analysts’ consensus estimates 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%.The company’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. On average, equities research analysts anticipate that Linde PLC will post 16.54 EPS for the current year.

Linde Dividend Announcement

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

Analyst Ratings Changes

LIN has been the topic of a number of recent research reports. UBS Group reduced their price target on shares of Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a research report on Monday. Citigroup raised their target price on shares of Linde from $530.00 to $535.00 and gave the stock a “buy” rating in a report on Monday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Linde in a report on Saturday, September 27th. JPMorgan Chase & Co. raised their price target on Linde from $470.00 to $475.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Finally, Royal Bank Of Canada started coverage on Linde in a research note on Friday, June 13th. They set an “outperform” rating and a $576.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $520.00.

Insider Activity at Linde

In other Linde news, Director Stephen F. Angel sold 50,309 shares of the company’s stock in a transaction that occurred on Thursday, August 7th. The stock was 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 directly owned 480,543 shares in the company, valued at $227,479,445.34. This represents a 9.48% decrease in their ownership of the stock. The transaction 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.

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.