Linde PLC $LIN Stock Holdings Lifted by AMF Tjanstepension AB

AMF Tjanstepension AB raised its position in shares of Linde PLC (NASDAQ:LIN) by 8.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 763,645 shares of the basic materials company’s stock after purchasing an additional 56,766 shares during the period. Linde accounts for about 2.4% of AMF Tjanstepension AB’s investment portfolio, making the stock its 15th largest position. AMF Tjanstepension AB owned approximately 0.16% of Linde worth $358,287,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. North Capital Inc. purchased a new stake in shares of Linde during the 1st 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. purchased a new stake in shares of Linde during the 1st quarter worth about $45,000. Clal Insurance Enterprises Holdings Ltd raised its stake in shares of Linde by 445.0% during the 1st 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. purchased a new stake in shares of Linde during the 1st quarter worth about $52,000. 82.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LIN has been the subject of a number of recent research reports. UBS Group raised their price target on 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. raised their price target on Linde from $470.00 to $475.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Royal Bank Of Canada began coverage on Linde in a research note on Friday, June 13th. They set an “outperform” rating and a $576.00 price target for the company. 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 note on Monday, June 30th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Linde in a research note on Saturday, September 27th. 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.com, the company currently has a consensus rating of “Buy” and a consensus price target of $519.63.

Linde Stock Down 0.6%

Shares of LIN stock opened at $466.73 on Friday. The stock’s 50 day simple moving average is $474.57 and its 200 day simple moving average is $464.31. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.78 and a current ratio of 0.93. Linde PLC has a twelve month low of $408.65 and a twelve month high of $487.49. The company has a market capitalization of $218.85 billion, a price-to-earnings ratio of 33.20, a PEG ratio of 3.10 and a beta of 0.93.

Linde (NASDAQ:LIN) last released its earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.03 by $0.06. The firm had revenue of $8.50 billion for the quarter, compared to analyst estimates of $8.35 billion. Linde had a return on equity of 19.09% and a net margin of 20.20%.The company’s revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $3.85 EPS. 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 predict that Linde PLC will post 16.54 EPS for the current year.

Linde Dividend Announcement

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

Insider Transactions at Linde

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 value of $23,815,274.42. Following the sale, the director owned 480,543 shares of the company’s stock, valued at $227,479,445.34. This trade represents a 9.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.70% of the stock is owned by company insiders.

Linde 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.