Princeton Global Asset Management LLC Buys 84 Shares of Linde PLC $LIN

Princeton Global Asset Management LLC boosted its holdings in Linde PLC (NASDAQ:LIN) by 0.6% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 14,370 shares of the basic materials company’s stock after buying an additional 84 shares during the period. Linde accounts for approximately 1.2% of Princeton Global Asset Management LLC’s holdings, making the stock its 22nd biggest position. Princeton Global Asset Management LLC’s holdings in Linde were worth $6,742,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Schnieders Capital Management LLC increased its stake in Linde by 19.3% in the 2nd quarter. Schnieders Capital Management LLC now owns 897 shares of the basic materials company’s stock worth $421,000 after buying an additional 145 shares in the last quarter. Stephens Inc. AR increased its stake in Linde by 2.3% in the 2nd quarter. Stephens Inc. AR now owns 11,648 shares of the basic materials company’s stock worth $5,465,000 after buying an additional 265 shares in the last quarter. Calamos Wealth Management LLC increased its stake in Linde by 3.8% in the 2nd quarter. Calamos Wealth Management LLC now owns 36,121 shares of the basic materials company’s stock worth $16,947,000 after buying an additional 1,315 shares in the last quarter. Chicago Partners Investment Group LLC increased its stake in Linde by 2.7% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 4,121 shares of the basic materials company’s stock worth $1,937,000 after buying an additional 108 shares in the last quarter. Finally, BKM Wealth Management LLC increased its stake in Linde by 0.6% in the 2nd quarter. BKM Wealth Management LLC now owns 5,163 shares of the basic materials company’s stock worth $2,422,000 after buying an additional 33 shares in the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Insider Activity

In other Linde news, Director Stephen F. Angel sold 50,309 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director owned 480,543 shares in the company, valued at $227,479,445.34. The trade was a 9.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

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

Linde Trading Up 1.5%

LIN opened at $450.89 on Monday. The firm has a market cap of $211.43 billion, a P/E ratio of 32.07, a P/E/G ratio of 2.98 and a beta of 0.93. Linde PLC has a 12 month low of $408.65 and a 12 month high of $487.27. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 0.49. The stock has a 50-day moving average of $472.69 and a 200 day moving average of $464.05.

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 the consensus estimate of $4.03 by $0.06. Linde had a return on equity of 19.09% and a net margin of 20.20%.The company had revenue of $8.50 billion during the quarter, compared to analyst estimates of $8.35 billion. During the same quarter last year, the business posted $3.85 earnings per share. The firm’s revenue was up 2.3% on a year-over-year basis. 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, research analysts forecast that Linde PLC will post 16.54 EPS for the current year.

Linde Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders 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 42.67%.

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.