Linde PLC $LIN Shares Acquired by Quent Capital LLC

Quent Capital LLC lifted its holdings in shares of Linde PLC (NASDAQ:LIN) by 7.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,273 shares of the basic materials company’s stock after purchasing an additional 85 shares during the quarter. Quent Capital LLC’s holdings in Linde were worth $597,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Nuveen LLC acquired a new stake in Linde in the first quarter valued at approximately $2,097,793,000. Deutsche Bank AG raised its holdings in Linde by 172.4% in the first quarter. Deutsche Bank AG now owns 2,407,637 shares of the basic materials company’s stock valued at $1,121,092,000 after acquiring an additional 1,523,702 shares in the last quarter. Wellington Management Group LLP raised its holdings in Linde by 18.6% in 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 acquiring an additional 1,182,157 shares in the last quarter. Alecta Tjanstepension Omsesidigt acquired a new stake in Linde in the first quarter valued at approximately $233,405,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in 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 valued at $4,470,284,000 after acquiring an additional 453,108 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Stock Performance

Shares of Linde stock opened at $466.73 on Friday. The firm has a market capitalization of $218.85 billion, a P/E ratio of 33.20, a P/E/G ratio of 3.08 and a beta of 0.93. Linde PLC has a 52 week low of $408.65 and a 52 week high of $487.49. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 0.49. The firm’s 50 day moving average is $474.57 and its two-hundred day moving average is $464.34.

Linde (NASDAQ:LIN) last announced its quarterly earnings results 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 net margin of 20.20% and a return on equity of 19.09%. The firm’s revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm posted $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. Research analysts forecast that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were given a dividend of $1.50 per share. 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 (DPR) is 42.67%.

Wall Street Analysts Forecast Growth

LIN has been the topic of several analyst reports. JPMorgan Chase & Co. raised their target price on shares of Linde from $470.00 to $475.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Royal Bank Of Canada began coverage on shares of Linde in a report on Friday, June 13th. They issued an “outperform” rating and a $576.00 target price on the stock. Citigroup upgraded shares of Linde from a “neutral” rating to a “buy” rating and increased their price target for the company from $500.00 to $535.00 in a research note on Monday, June 30th. UBS Group increased their price target on shares of Linde from $485.00 to $504.00 and gave the company a “neutral” rating in a research note on Wednesday, July 9th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Linde in a research note on Saturday, September 27th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $519.63.

Insider Activity

In other news, Director Stephen F. Angel sold 50,309 shares of the firm’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 transaction of $23,815,274.42. Following the transaction, the director directly owned 480,543 shares in the company, valued at approximately $227,479,445.34. This trade represents a 9.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.70% of the company’s stock.

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.