Linde PLC $LIN Shares Purchased by Woodline Partners LP

Woodline Partners LP lifted its holdings in Linde PLC (NASDAQ:LIN) by 40.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 40,228 shares of the basic materials company’s stock after purchasing an additional 11,633 shares during the quarter. Woodline Partners LP’s holdings in Linde were worth $18,732,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of LIN. North Capital Inc. bought a new position in shares of Linde in the first quarter worth $25,000. Putney Financial Group LLC bought a new position in shares of Linde in the fourth quarter worth $31,000. Capital A Wealth Management LLC bought a new position in shares of Linde in the fourth quarter worth $37,000. Abound Financial LLC bought a new position in shares of Linde in the first quarter worth $41,000. Finally, Vermillion Wealth Management Inc. bought a new position in Linde during the fourth quarter valued at about $42,000. Institutional investors own 82.80% of the company’s stock.

Analyst Ratings Changes

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

Linde Trading Down 0.2%

NASDAQ:LIN opened at $472.70 on Thursday. 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 1-year low of $408.65 and a 1-year high of $487.49. The firm has a market capitalization of $221.65 billion, a price-to-earnings ratio of 33.62, a price-to-earnings-growth ratio of 3.13 and a beta of 0.95. The stock has a fifty day simple moving average of $472.38 and a 200 day simple moving average of $462.62.

Linde (NASDAQ:LIN) last released its quarterly earnings results 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. Linde had a return on equity of 19.09% and a net margin of 20.20%.The business had revenue of $8.50 billion during the quarter, compared to analyst estimates of $8.35 billion. During the same quarter last year, the company posted $3.85 EPS. Linde’s revenue for the quarter was up 2.3% on a year-over-year basis. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. Sell-side analysts forecast that Linde PLC will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be given a $1.50 dividend. The ex-dividend date is 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%.

Insider Transactions at Linde

In related news, Director Stephen F. Angel sold 50,309 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $227,479,445.34. This represents a 9.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate 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.