R Squared Ltd Has $2.01 Million Stock Holdings in Linde PLC $LIN

R Squared Ltd grew its holdings in shares of Linde PLC (NASDAQ:LIN) by 189.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,277 shares of the basic materials company’s stock after acquiring an additional 2,797 shares during the period. Linde comprises approximately 1.1% of R Squared Ltd’s holdings, making the stock its 6th largest position. R Squared Ltd’s holdings in Linde were worth $2,007,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. AlTi Global Inc. lifted its stake in Linde by 1.1% in the 2nd quarter. AlTi Global Inc. now owns 2,065 shares of the basic materials company’s stock worth $969,000 after purchasing an additional 23 shares in the last quarter. 180 Wealth Advisors LLC boosted its stake in shares of Linde by 15.0% during the second quarter. 180 Wealth Advisors LLC now owns 891 shares of the basic materials company’s stock valued at $418,000 after purchasing an additional 116 shares in the last quarter. Carnegie Investment Counsel lifted its position in Linde by 9.5% during the second quarter. Carnegie Investment Counsel now owns 2,052 shares of the basic materials company’s stock valued at $963,000 after acquiring an additional 178 shares during the last quarter. FSM Wealth Advisors LLC raised its holdings in shares of Linde by 14.9% in the second quarter. FSM Wealth Advisors LLC now owns 788 shares of the basic materials company’s stock worth $370,000 after buying an additional 102 shares during the last quarter. Finally, Hoge Financial Services LLC raised its holdings in shares of Linde by 4.0% during the second quarter. Hoge Financial Services LLC now owns 598 shares of the basic materials company’s stock worth $281,000 after purchasing an additional 23 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

Linde Trading Up 0.0%

LIN opened at $450.08 on Friday. The firm has a market capitalization of $211.05 billion, a P/E ratio of 32.01, a P/E/G ratio of 2.97 and a beta of 0.93. The firm’s 50 day moving average is $470.78 and its 200-day moving average is $464.12. 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 52-week low of $408.65 and a 52-week high of $486.38.

Linde (NASDAQ:LIN) last announced its quarterly 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. The company had revenue of $8.50 billion during the quarter, compared to the consensus estimate of $8.35 billion. Linde had a net margin of 20.20% and a return on equity of 19.09%. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company 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. Analysts expect that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were given a dividend of $1.50 per share. 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 payout ratio is presently 42.67%.

Analyst Ratings Changes

Several brokerages have recently issued reports on LIN. JPMorgan Chase & Co. lifted their target price 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. Weiss Ratings reissued a “buy (b)” rating on shares of Linde in a research note 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 report on Monday, October 6th. Finally, UBS Group lowered their target price on shares of Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a report 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 assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $520.00.

Insider Buying and Selling

In other Linde news, Director Stephen F. Angel sold 50,309 shares of the business’s 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 completion of the sale, the director directly owned 480,543 shares of the company’s stock, 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 legal filing with the SEC, which is available at this hyperlink. Insiders own 0.70% of the company’s stock.

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.