NorthRock Partners LLC Increases Stock Position in Linde PLC $LIN

NorthRock Partners LLC increased its position in shares of Linde PLC (NASDAQ:LIN) by 6.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,402 shares of the basic materials company’s stock after buying an additional 257 shares during the period. NorthRock Partners LLC’s holdings in Linde were worth $2,065,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Breakwater Capital Group boosted its stake in shares of Linde by 2.3% in the second quarter. Breakwater Capital Group now owns 980 shares of the basic materials company’s stock valued at $460,000 after purchasing an additional 22 shares during the period. Canopy Partners LLC boosted its stake in shares of Linde by 2.9% in the second quarter. Canopy Partners LLC now owns 788 shares of the basic materials company’s stock valued at $370,000 after purchasing an additional 22 shares during the period. Mitchell Sinkler & Starr PA boosted its stake in shares of Linde by 1.9% in the second quarter. Mitchell Sinkler & Starr PA now owns 1,192 shares of the basic materials company’s stock valued at $559,000 after purchasing an additional 22 shares during the period. Clarendon Private LLC boosted its stake in shares of Linde by 1.0% in the second quarter. Clarendon Private LLC now owns 2,273 shares of the basic materials company’s stock valued at $1,066,000 after purchasing an additional 22 shares during the period. Finally, Strategy Asset Managers LLC boosted its stake in shares of Linde by 2.8% in the first quarter. Strategy Asset Managers LLC now owns 834 shares of the basic materials company’s stock valued at $388,000 after purchasing an additional 23 shares during the period. 82.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on LIN shares. UBS Group lowered their price objective on shares of Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. JPMorgan Chase & Co. lifted their price target on shares of Linde from $470.00 to $475.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Citigroup lifted their price target on shares of Linde from $530.00 to $535.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Linde in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Linde currently has an average rating of “Buy” and an average price target of $520.00.

Linde Stock Down 0.9%

Shares of NASDAQ:LIN opened at $453.82 on Monday. The company has a market capitalization of $212.80 billion, a PE ratio of 32.28, a P/E/G ratio of 3.00 and a beta of 0.93. 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 PLC has a twelve month low of $408.65 and a twelve month high of $487.49. The firm has a 50 day simple moving average of $474.45 and a 200-day simple moving average of $464.51.

Linde (NASDAQ:LIN) last issued 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 business had revenue of $8.50 billion during the quarter, compared to the consensus estimate of $8.35 billion. Linde had a net margin of 20.20% and a return on equity of 19.09%. The company’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm 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 predict that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Announces Dividend

The business also recently disclosed 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. This represents a $6.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Thursday, September 4th. Linde’s payout ratio is currently 42.67%.

Insider Buying and Selling at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of the business’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 completion of the sale, the director owned 480,543 shares in the company, valued at approximately $227,479,445.34. The trade was a 9.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.70% of the company’s stock.

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.