Main Street Research LLC Has $34.01 Million Stake in Linde PLC $LIN

Main Street Research LLC raised its position in shares of Linde PLC (NASDAQ:LIN) by 3.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 72,478 shares of the basic materials company’s stock after buying an additional 2,187 shares during the period. Linde comprises 2.1% of Main Street Research LLC’s portfolio, making the stock its 24th biggest position. Main Street Research LLC’s holdings in Linde were worth $34,005,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. eCIO Inc. acquired a new stake in shares of Linde in the first quarter valued at approximately $45,000. Clal Insurance Enterprises Holdings Ltd boosted its position in Linde by 445.0% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company’s stock valued at $51,000 after buying an additional 89 shares during the last quarter. Nova Wealth Management Inc. acquired a new stake in shares of Linde in the 1st quarter valued at $52,000. Costello Asset Management INC acquired a new stake in shares of Linde in the 1st quarter valued at $54,000. Finally, Activest Wealth Management increased its stake in shares of Linde by 5,800.0% in the 1st quarter. Activest Wealth Management now owns 118 shares of the basic materials company’s stock valued at $55,000 after buying an additional 116 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insider Activity

In other Linde news, Director Stephen F. Angel sold 50,309 shares of the 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 owned 480,543 shares in the company, 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 insiders.

Linde Trading Up 1.4%

LIN opened at $417.94 on Wednesday. The stock has a market capitalization of $195.98 billion, a P/E ratio of 29.73, a P/E/G ratio of 2.85 and a beta of 0.93. Linde PLC has a 12 month low of $408.65 and a 12 month high of $486.38. The firm’s fifty day simple moving average is $462.81 and its 200 day simple moving average is $464.08. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 0.49.

Linde (NASDAQ:LIN) last issued its quarterly earnings results on Friday, October 31st. The basic materials company reported $4.21 EPS for the quarter, topping the consensus estimate of $4.18 by $0.03. The firm had revenue of $8.62 billion for the quarter, compared to analysts’ expectations of $8.62 billion. Linde had a net margin of 20.20% and a return on equity of 19.09%. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm posted $3.94 EPS. Linde has set its FY 2025 guidance at 16.350-16.450 EPS. Q4 2025 guidance at 4.100-4.200 EPS. As a group, research analysts anticipate 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 will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd will be paid a $1.50 dividend. The ex-dividend date is Wednesday, December 3rd. This represents a $6.00 dividend on an annualized basis and a yield of 1.4%. Linde’s dividend payout ratio is 40.19%.

Analyst Ratings Changes

LIN has been the subject of several research reports. Citigroup lowered their target price on Linde from $535.00 to $520.00 and set a “buy” rating for the company in a research note on Monday. UBS Group lowered their target price on Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Seaport Res Ptn raised Linde from a “hold” rating to a “strong-buy” rating in a research note on Monday. JPMorgan Chase & Co. lowered their target price on Linde from $475.00 to $455.00 and set an “overweight” rating for the company in a research note on Monday. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $516.00 target price on shares of Linde in a research note on Monday. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Linde presently has an average rating of “Buy” and a consensus price target of $514.83.

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.