Linde PLC $LIN Shares Acquired by Chilton Capital Management LLC

Chilton Capital Management LLC increased its stake in shares of Linde PLC (NASDAQ:LIN) by 2.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 63,610 shares of the basic materials company’s stock after purchasing an additional 1,497 shares during the period. Chilton Capital Management LLC’s holdings in Linde were worth $29,845,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of LIN. North Capital Inc. acquired a new position in shares of Linde during the first quarter worth about $25,000. Abound Financial LLC acquired a new stake in shares of Linde in the 1st quarter valued at $41,000. eCIO Inc. purchased a new stake in shares of Linde during the 1st quarter worth $45,000. Clal Insurance Enterprises Holdings Ltd grew its stake in shares of Linde by 445.0% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company’s stock worth $51,000 after purchasing an additional 89 shares in the last quarter. Finally, Nova Wealth Management Inc. acquired a new stake in Linde in the first quarter valued at $52,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Stock Performance

NASDAQ:LIN opened at $446.00 on Friday. The firm’s fifty day simple moving average is $470.10 and its 200-day simple moving average is $464.69. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 0.49. The stock has a market cap of $209.13 billion, a PE ratio of 31.72, a price-to-earnings-growth ratio of 2.94 and a beta of 0.93. Linde PLC has a fifty-two week low of $408.65 and a fifty-two week high of $486.38.

Linde (NASDAQ:LIN) last issued its earnings results 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 company had revenue of $8.50 billion for the quarter, compared to analyst estimates of $8.35 billion. Linde had a net margin of 20.20% and a return on equity of 19.09%. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the prior year, the business posted $3.85 earnings per share. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. Analysts expect that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were paid 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 was Thursday, September 4th. Linde’s payout ratio is 42.67%.

Insider Activity at Linde

In related news, Director Stephen F. Angel sold 50,309 shares of the stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $473.38, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on LIN. JPMorgan Chase & Co. raised 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. Citigroup raised their price objective on shares of Linde from $530.00 to $535.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. UBS Group reduced their price objective on Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Linde in a research report on Saturday. Two research 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 has a consensus rating of “Buy” and a consensus price target 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.