Jag Capital Management LLC Has $478,000 Position in Linde PLC $LIN

Jag Capital Management LLC lowered its position in Linde PLC (NASDAQ:LIN) by 12.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,018 shares of the basic materials company’s stock after selling 146 shares during the quarter. Jag Capital Management LLC’s holdings in Linde were worth $478,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in LIN. Cornerstone Wealth Group LLC lifted its stake in Linde by 18.7% in the 2nd quarter. Cornerstone Wealth Group LLC now owns 769 shares of the basic materials company’s stock valued at $361,000 after purchasing an additional 121 shares during the last quarter. Heartland Bank & Trust Co lifted its stake in Linde by 100.2% in the 2nd quarter. Heartland Bank & Trust Co now owns 1,826 shares of the basic materials company’s stock valued at $857,000 after purchasing an additional 914 shares during the last quarter. NorthRock Partners LLC lifted its position in shares of Linde by 6.2% in the second quarter. NorthRock Partners LLC now owns 4,402 shares of the basic materials company’s stock valued at $2,065,000 after buying an additional 257 shares during the last quarter. Verdence Capital Advisors LLC lifted its position in shares of Linde by 137.9% in the second quarter. Verdence Capital Advisors LLC now owns 2,995 shares of the basic materials company’s stock valued at $1,405,000 after buying an additional 1,736 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its holdings in shares of Linde by 0.8% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 34,651 shares of the basic materials company’s stock worth $16,257,000 after acquiring an additional 267 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Stock Up 0.6%

LIN stock opened at $456.64 on Tuesday. 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 $214.12 billion, a price-to-earnings ratio of 32.48, a PEG ratio of 3.00 and a beta of 0.93. The business’s fifty day moving average price is $474.23 and its two-hundred day moving average price is $464.49. Linde PLC has a fifty-two week low of $408.65 and a fifty-two week high of $487.49.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Friday, August 1st. The basic materials company reported $4.09 EPS for the quarter, topping analysts’ consensus estimates of $4.03 by $0.06. Linde had a net margin of 20.20% and a return on equity of 19.09%. The business had revenue of $8.50 billion for the quarter, compared to analyst estimates of $8.35 billion. During the same period last year, the firm earned $3.85 earnings per share. Linde’s revenue for the quarter was up 2.3% compared to the same quarter last year. 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 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 issued a dividend of $1.50 per share. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $6.00 annualized dividend and a dividend yield of 1.3%. Linde’s dividend payout ratio (DPR) is currently 42.67%.

Insider Activity at Linde

In other Linde news, Director Stephen F. Angel sold 50,309 shares of the firm’s 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 transaction, the director owned 480,543 shares in the company, valued at $227,479,445.34. This trade represents a 9.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on LIN. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Linde in a report on Wednesday, October 8th. Citigroup increased their price objective on shares of Linde from $530.00 to $535.00 and gave the company a “buy” rating in a research report on Monday, October 6th. JPMorgan Chase & Co. increased their price objective on shares of Linde from $470.00 to $475.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Finally, UBS Group dropped their price objective on shares of Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Two equities research 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. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $520.00.

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.