Linde PLC $LIN is iA Global Asset Management Inc.’s 9th Largest Position

iA Global Asset Management Inc. increased its position in shares of Linde PLC (NASDAQ:LIN) by 1.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 313,622 shares of the basic materials company’s stock after purchasing an additional 3,272 shares during the quarter. Linde makes up approximately 2.2% of iA Global Asset Management Inc.’s investment portfolio, making the stock its 9th largest position. iA Global Asset Management Inc.’s holdings in Linde were worth $147,145,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in LIN. North Capital Inc. purchased a new stake in shares of Linde during the first quarter worth approximately $25,000. Abound Financial LLC purchased a new stake in shares of Linde during the first quarter worth approximately $41,000. eCIO Inc. purchased a new stake in shares of Linde during the first quarter worth approximately $45,000. Clal Insurance Enterprises Holdings Ltd increased its position in shares of Linde by 445.0% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company’s stock worth $51,000 after purchasing an additional 89 shares in the last quarter. Finally, Nova Wealth Management Inc. purchased a new stake in shares of Linde during the first quarter worth approximately $52,000. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of the company’s stock in a transaction 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 transaction, the director owned 480,543 shares of the company’s stock, valued at $227,479,445.34. This represents 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 currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently commented on LIN. Weiss Ratings reiterated a “buy (b)” rating on shares of Linde in a research report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their price objective on Linde from $470.00 to $475.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Citigroup boosted their price objective on Linde from $530.00 to $535.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Finally, UBS Group lowered their price objective on Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Linde has an average rating of “Buy” and a consensus price target of $521.60.

Linde Stock Performance

Shares of Linde stock opened at $418.68 on Friday. Linde PLC has a 52 week low of $408.65 and a 52 week high of $486.38. The business’s fifty day simple moving average is $465.40 and its 200-day simple moving average is $464.49. The firm has a market cap of $196.32 billion, a PE ratio of 29.78, a price-to-earnings-growth ratio of 2.85 and a beta of 0.93. 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 (NASDAQ:LIN) last announced its quarterly earnings results on Friday, October 31st. The basic materials company reported $4.21 EPS for the quarter, beating the consensus estimate of $4.18 by $0.03. Linde had a return on equity of 19.09% and a net margin of 20.20%.The business had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.62 billion. During the same quarter in the prior year, the company posted $3.94 EPS. The company’s quarterly revenue was up 2.9% on a year-over-year basis. Linde has set its FY 2025 guidance at 16.350-16.450 EPS. Q4 2025 guidance at 4.100-4.200 EPS. Equities analysts forecast that Linde PLC will post 16.54 earnings per share for the current year.

Linde Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be paid a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Wednesday, December 3rd. Linde’s dividend payout ratio is 42.67%.

Linde Company 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.