Pittenger & Anderson Inc. Acquires 230 Shares of Linde PLC $LIN

Pittenger & Anderson Inc. raised its holdings in shares of Linde PLC (NASDAQ:LIN) by 1.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,986 shares of the basic materials company’s stock after purchasing an additional 230 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Linde were worth $11,254,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Breakwater Capital Group lifted its position in shares of Linde by 2.3% during the second quarter. Breakwater Capital Group now owns 980 shares of the basic materials company’s stock worth $460,000 after purchasing an additional 22 shares during the last quarter. Canopy Partners LLC lifted its position in shares of Linde by 2.9% during the second quarter. Canopy Partners LLC now owns 788 shares of the basic materials company’s stock worth $370,000 after purchasing an additional 22 shares during the last quarter. Mitchell Sinkler & Starr PA lifted its position in shares of Linde by 1.9% during the second quarter. Mitchell Sinkler & Starr PA now owns 1,192 shares of the basic materials company’s stock worth $559,000 after purchasing an additional 22 shares during the last quarter. Clarendon Private LLC increased its stake in shares of Linde by 1.0% during the second quarter. Clarendon Private LLC now owns 2,273 shares of the basic materials company’s stock valued at $1,066,000 after buying an additional 22 shares during the period. Finally, Strategy Asset Managers LLC increased its stake in shares of Linde by 2.8% during the first quarter. Strategy Asset Managers LLC now owns 834 shares of the basic materials company’s stock valued at $388,000 after buying an additional 23 shares during the period. 82.80% of the stock is currently owned by institutional investors.

Insider Transactions at Linde

In other Linde news, Director Stephen F. Angel sold 50,309 shares of Linde stock in a transaction dated 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 transaction, the director owned 480,543 shares in the company, valued at $227,479,445.34. The trade was a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on LIN shares. JPMorgan Chase & Co. raised their price target on Linde from $470.00 to $475.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Weiss Ratings restated a “buy (b)” rating on shares of Linde in a research note on Wednesday, October 8th. Citigroup raised their price target on Linde from $530.00 to $535.00 and gave the company a “buy” rating in a research note on Monday, October 6th. Finally, UBS Group cut their price target on Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Linde has a consensus rating of “Buy” and an average target price of $520.00.

Linde Price Performance

LIN opened at $451.56 on Tuesday. The business’s 50-day moving average is $472.31 and its two-hundred day moving average is $464.14. Linde PLC has a 1 year low of $408.65 and a 1 year high of $486.38. 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 firm has a market capitalization of $211.74 billion, a PE ratio of 32.12, a price-to-earnings-growth ratio of 2.98 and a beta of 0.93.

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

Linde Announces Dividend

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

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.