Linde PLC $LIN Shares Purchased by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd raised its stake in shares of Linde PLC (NASDAQ:LIN) by 1.0% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 4,376 shares of the basic materials company’s stock after buying an additional 43 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Linde were worth $2,053,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in Linde by 215.5% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 55,487 shares of the basic materials company’s stock valued at $26,033,000 after buying an additional 37,900 shares during the period. SYM FINANCIAL Corp increased its stake in Linde by 4.9% during the 2nd quarter. SYM FINANCIAL Corp now owns 1,495 shares of the basic materials company’s stock valued at $701,000 after buying an additional 70 shares during the period. Y Intercept Hong Kong Ltd increased its stake in Linde by 679.6% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 9,067 shares of the basic materials company’s stock valued at $4,254,000 after buying an additional 7,904 shares during the period. Bessemer Group Inc. increased its stake in Linde by 5.9% during the 2nd quarter. Bessemer Group Inc. now owns 18,864 shares of the basic materials company’s stock valued at $8,850,000 after buying an additional 1,055 shares during the period. Finally, GoalVest Advisory LLC increased its stake in Linde by 105.9% during the 2nd quarter. GoalVest Advisory LLC now owns 140 shares of the basic materials company’s stock valued at $66,000 after buying an additional 72 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insider Buying and Selling at Linde

In related news, Director Stephen F. Angel sold 50,309 shares of the firm’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 directly owned 480,543 shares in the company, valued at approximately $227,479,445.34. This trade represents a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on LIN. Citigroup lifted their price objective 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 research note on Monday, August 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Linde in a research note on Wednesday, October 8th. Finally, UBS Group lowered their price objective on shares of Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $520.00.

Linde Stock Performance

Linde stock opened at $442.72 on Wednesday. The firm’s 50 day simple moving average is $468.68 and its 200-day simple moving average is $464.89. The company has a market cap of $207.60 billion, a P/E ratio of 31.49, a price-to-earnings-growth ratio of 2.94 and a beta of 0.93. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.93 and a quick ratio of 0.78. Linde PLC has a fifty-two week low of $408.65 and a fifty-two week high of $486.38.

Linde (NASDAQ:LIN) last released 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 business had revenue of $8.50 billion for 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 firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the firm 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. As a group, equities research analysts predict that Linde PLC will post 16.54 EPS for the current year.

Linde Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be given a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Wednesday, December 3rd. Linde’s dividend payout ratio (DPR) 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.