Granite Harbor Advisors Inc. Increases Stock Position in Linde PLC $LIN

Granite Harbor Advisors Inc. increased its holdings in Linde PLC (NASDAQ:LIN) by 13.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 817 shares of the basic materials company’s stock after buying an additional 99 shares during the quarter. Granite Harbor Advisors Inc.’s holdings in Linde were worth $383,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in LIN. North Capital Inc. purchased a new position in shares of Linde in the first quarter worth approximately $25,000. Abound Financial LLC purchased a new position in shares of Linde in the first quarter worth approximately $41,000. eCIO Inc. purchased a new position in Linde during the first quarter valued at approximately $45,000. Clal Insurance Enterprises Holdings Ltd lifted its holdings in Linde by 445.0% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company’s stock valued at $51,000 after purchasing an additional 89 shares in the last quarter. Finally, Nova Wealth Management Inc. bought a new stake in Linde in the first quarter worth $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 recently weighed in on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Linde in a research report on Wednesday, October 8th. Citigroup boosted their price target on shares of Linde from $530.00 to $535.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. UBS Group reduced their price target on shares of Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Finally, JPMorgan Chase & Co. boosted 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. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $520.00.

Insider Activity

In other news, Director Stephen F. Angel sold 50,309 shares of the business’s stock in a transaction 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 of the company’s stock, valued at approximately $227,479,445.34. The trade was a 9.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.70% of the company’s stock.

Linde Trading Down 0.0%

LIN stock opened at $449.92 on Thursday. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 0.49. Linde PLC has a twelve month low of $408.65 and a twelve month high of $486.38. The stock has a market capitalization of $210.97 billion, a price-to-earnings ratio of 32.00, a price-to-earnings-growth ratio of 2.97 and a beta of 0.93. The firm’s fifty day simple moving average is $471.33 and its two-hundred day simple moving average is $463.95.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Friday, August 1st. The basic materials company reported $4.09 earnings per share for the quarter, beating analysts’ consensus estimates of $4.03 by $0.06. The business had revenue of $8.50 billion for 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% compared to the same quarter last year. During the same quarter in the previous year, the business 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, analysts anticipate that Linde PLC will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

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