Linde PLC $LIN Shares Acquired by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC increased its stake in Linde PLC (NASDAQ:LIN) by 2.7% in the second quarter, Holdings Channel reports. The institutional investor owned 4,121 shares of the basic materials company’s stock after acquiring an additional 108 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Linde were worth $1,937,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in LIN. North Capital Inc. bought a new stake in shares of Linde in the first quarter worth $25,000. Abound Financial LLC bought a new stake in shares of Linde in the first quarter worth $41,000. eCIO Inc. bought a new stake in shares of Linde in the first quarter worth $45,000. Clal Insurance Enterprises Holdings Ltd increased its stake in shares of Linde by 445.0% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company’s stock worth $51,000 after buying an additional 89 shares during the last quarter. Finally, Nova Wealth Management Inc. bought a new stake in shares of Linde in the first quarter worth $52,000. Institutional investors own 82.80% of the company’s stock.

Insider Activity

In other news, Director Stephen F. Angel sold 50,309 shares of the business’s stock in a transaction 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 transaction, the director owned 480,543 shares of the company’s stock, valued at approximately $227,479,445.34. The trade was a 9.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. 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. JPMorgan Chase & Co. lifted their price objective on shares of Linde from $470.00 to $475.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Linde in a report on Wednesday, October 8th. Finally, UBS Group decreased their price objective on shares of Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Two 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 company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $520.00.

Linde Stock Performance

Shares of LIN opened at $450.89 on Monday. Linde PLC has a 1 year low of $408.65 and a 1 year high of $487.27. The company has a market cap of $211.43 billion, a price-to-earnings ratio of 32.07, a price-to-earnings-growth ratio of 2.98 and a beta of 0.93. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.78 and a current ratio of 0.93. The firm has a fifty day moving average of $472.69 and a 200-day moving average of $464.05.

Linde (NASDAQ:LIN) last announced its quarterly earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.03 by $0.06. Linde had a net margin of 20.20% and a return on equity of 19.09%. The company had revenue of $8.50 billion during the quarter, compared to the consensus estimate of $8.35 billion. During the same quarter in the previous year, the company posted $3.85 earnings per share. The company’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. As a group, equities analysts anticipate that Linde PLC will post 16.54 earnings per share for the current year.

Linde Announces Dividend

The company also recently declared 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 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.