Linde PLC $LIN Shares Bought by Fulcrum Capital LLC

Fulcrum Capital LLC grew its stake in shares of Linde PLC (NASDAQ:LIN) by 1.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,417 shares of the basic materials company’s stock after acquiring an additional 168 shares during the period. Linde comprises approximately 1.4% of Fulcrum Capital LLC’s holdings, making the stock its 25th biggest position. Fulcrum Capital LLC’s holdings in Linde were worth $6,764,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Bartlett & CO. Wealth Management LLC lifted its position in shares of Linde by 1.3% in the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 249,742 shares of the basic materials company’s stock worth $117,174,000 after buying an additional 3,230 shares during the last quarter. Truist Financial Corp lifted its position in shares of Linde by 75.0% in the 1st quarter. Truist Financial Corp now owns 193,563 shares of the basic materials company’s stock worth $90,131,000 after buying an additional 82,952 shares during the last quarter. Freedom Day Solutions LLC lifted its position in shares of Linde by 9.6% in the 1st quarter. Freedom Day Solutions LLC now owns 6,102 shares of the basic materials company’s stock worth $2,841,000 after buying an additional 535 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its position in shares of Linde by 25.9% in the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 23,558 shares of the basic materials company’s stock worth $10,970,000 after buying an additional 4,839 shares during the last quarter. Finally, Hourglass Capital LLC bought a new position in shares of Linde in the 1st quarter worth about $935,000. 82.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on LIN shares. Weiss Ratings restated a “buy (b)” rating on shares of Linde in a research report on Wednesday. JPMorgan Chase & Co. lifted their price objective on shares of Linde from $470.00 to $475.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. UBS Group cut their price objective on shares of Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a research report on Monday. Citigroup lifted their price objective on shares of Linde from $530.00 to $535.00 and gave the company a “buy” rating in a research report on Monday. Finally, Royal Bank Of Canada began coverage on shares of Linde in a research report on Friday, June 13th. They issued an “outperform” rating and a $576.00 price objective on the stock. Two equities 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 stock. According to data from MarketBeat.com, Linde has a consensus rating of “Buy” and a consensus target price of $520.00.

Linde Trading Down 0.9%

Linde stock opened at $453.82 on Friday. The firm has a 50 day simple moving average of $474.45 and a 200-day simple moving average of $464.49. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.93 and a quick ratio of 0.78. The stock has a market capitalization of $212.80 billion, a PE ratio of 32.28, a price-to-earnings-growth ratio of 3.03 and a beta of 0.93. Linde PLC has a 12-month low of $408.65 and a 12-month high of $487.49.

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

Linde Announces Dividend

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

Insider Activity

In other news, Director Stephen F. Angel sold 50,309 shares of Linde stock in a transaction that occurred on 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 transaction, the director owned 480,543 shares of the company’s stock, valued at $227,479,445.34. The trade was a 9.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.70% of the stock is owned by corporate insiders.

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.