Linde PLC $LIN Shares Acquired by TBH Global Asset Management LLC

TBH Global Asset Management LLC increased its position in Linde PLC (NASDAQ:LIN) by 5.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,072 shares of the basic materials company’s stock after buying an additional 116 shares during the quarter. TBH Global Asset Management LLC’s holdings in Linde were worth $972,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in LIN. North Capital Inc. acquired a new stake in Linde during the first quarter worth about $25,000. Abound Financial LLC purchased a new stake in shares of Linde during the 1st quarter worth about $41,000. eCIO Inc. acquired a new stake in Linde during the 1st quarter worth approximately $45,000. Clal Insurance Enterprises Holdings Ltd raised its holdings in Linde by 445.0% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company’s stock valued at $51,000 after buying an additional 89 shares during the period. Finally, Nova Wealth Management Inc. purchased a new position in Linde in the first quarter valued at approximately $52,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on LIN shares. UBS Group boosted their price objective on shares of Linde from $485.00 to $504.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 9th. JPMorgan Chase & Co. upped their price target on shares of Linde from $470.00 to $475.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Royal Bank Of Canada began coverage on Linde in a report on Friday, June 13th. They issued an “outperform” rating and a $576.00 price target for the company. Finally, Citigroup raised Linde from a “neutral” rating to a “buy” rating and raised their price objective for the company from $500.00 to $535.00 in a research report on Monday, June 30th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $519.63.

Linde Trading Up 0.1%

NASDAQ LIN opened at $474.41 on Friday. The stock has a market cap of $222.46 billion, a P/E ratio of 33.74, a PEG ratio of 3.13 and a beta of 0.95. The company’s fifty day simple moving average is $474.62 and its 200-day simple moving average is $463.89. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 0.49. Linde PLC has a 52 week low of $408.65 and a 52 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 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $8.50 billion for the quarter, compared to the consensus estimate of $8.35 billion. During the same quarter in the previous year, the firm posted $3.85 EPS. The firm’s quarterly 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. Equities research analysts predict that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were issued a $1.50 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $6.00 dividend on an annualized basis and a yield of 1.3%. Linde’s dividend payout ratio is currently 42.67%.

Insider Buying and Selling

In other Linde news, Director Stephen F. Angel sold 50,309 shares of the firm’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 sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.70% of the company’s stock.

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.