Pallas Capital Advisors LLC Has $16.70 Million Holdings in Linde PLC $LIN

Pallas Capital Advisors LLC lessened its stake in Linde PLC (NASDAQ:LIN) by 2.2% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 35,593 shares of the basic materials company’s stock after selling 814 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Linde were worth $16,700,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Aaron Wealth Advisors LLC boosted its holdings in shares of Linde by 2.0% in the 2nd quarter. Aaron Wealth Advisors LLC now owns 3,384 shares of the basic materials company’s stock valued at $1,588,000 after buying an additional 65 shares during the last quarter. StrongBox Wealth LLC boosted its holdings in shares of Linde by 2.6% in the 2nd quarter. StrongBox Wealth LLC now owns 10,073 shares of the basic materials company’s stock valued at $4,726,000 after buying an additional 254 shares during the last quarter. Breakwater Capital Group raised its stake in Linde by 2.3% in the 2nd quarter. Breakwater Capital Group now owns 980 shares of the basic materials company’s stock valued at $460,000 after acquiring an additional 22 shares during the period. Balefire LLC bought a new stake in Linde in the 2nd quarter valued at $307,000. Finally, New England Research & Management Inc. bought a new stake in Linde in the 2nd quarter valued at $1,093,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on LIN shares. UBS Group increased their price target on Linde from $485.00 to $504.00 and gave the company a “neutral” rating in a research note on Wednesday, July 9th. Royal Bank Of Canada started coverage on Linde in a research note on Friday, June 13th. They issued an “outperform” rating and a $576.00 price target on the stock. Citigroup upgraded 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. Finally, JPMorgan Chase & Co. increased their price target on Linde from $470.00 to $475.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus 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 stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $473.38, for a total transaction of $23,815,274.42. Following 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.70% of the company’s stock.

Linde Stock Down 1.1%

LIN stock opened at $471.47 on Wednesday. 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 stock has a market capitalization of $221.08 billion, a price-to-earnings ratio of 33.53, a PEG ratio of 3.15 and a beta of 0.95. The business’s fifty day moving average price is $472.83 and its two-hundred day moving average price is $463.05. Linde PLC has a fifty-two week low of $408.65 and a fifty-two week high of $487.49.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Friday, August 1st. The basic materials company reported $4.09 earnings per share for the quarter, topping the consensus estimate of $4.03 by $0.06. The firm had revenue of $8.50 billion for the quarter, compared to analysts’ expectations 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 quarter last year, the business earned $3.85 EPS. 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 analysts anticipate that Linde PLC will post 16.54 earnings per share for the current year.

Linde Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, September 4th. 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.