Linde PLC $LIN Shares Bought by Purkiss Capital Advisors LLC

Purkiss Capital Advisors LLC grew its stake in Linde PLC (NASDAQ:LIN) by 25.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,855 shares of the basic materials company’s stock after acquiring an additional 377 shares during the quarter. Purkiss Capital Advisors LLC’s holdings in Linde were worth $870,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Nuveen LLC purchased a new stake in shares of Linde in the first quarter valued at about $2,097,793,000. Deutsche Bank AG boosted its holdings in Linde by 172.4% in the 1st quarter. Deutsche Bank AG now owns 2,407,637 shares of the basic materials company’s stock valued at $1,121,092,000 after purchasing an additional 1,523,702 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Linde by 18.6% in the 1st quarter. Wellington Management Group LLP now owns 7,542,991 shares of the basic materials company’s stock valued at $3,511,751,000 after purchasing an additional 1,182,157 shares during the last quarter. Alecta Tjanstepension Omsesidigt purchased a new stake in shares of Linde in the 1st quarter valued at approximately $233,405,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Linde by 5.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,600,297 shares of the basic materials company’s stock worth $4,470,284,000 after buying an additional 453,108 shares during the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Insider Activity at Linde

In related news, Director Stephen F. Angel sold 50,309 shares of the company’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 transaction of $23,815,274.42. Following the sale, the director directly owned 480,543 shares in the company, valued at approximately $227,479,445.34. This represents a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.70% of the company’s stock.

Linde Price Performance

Linde stock opened at $444.82 on Tuesday. 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. The firm has a market cap of $208.58 billion, a PE ratio of 31.64, a price-to-earnings-growth ratio of 2.94 and a beta of 0.93. The company’s 50 day moving average is $469.43 and its two-hundred day moving average is $464.82.

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, topping analysts’ consensus estimates of $4.03 by $0.06. The business 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 in the prior year, the company earned $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. On average, research 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 will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be paid a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Wednesday, December 3rd. Linde’s dividend payout ratio (DPR) is presently 42.67%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on LIN shares. JPMorgan Chase & Co. upped their price objective on Linde from $470.00 to $475.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Citigroup lifted their target price on Linde from $530.00 to $535.00 and gave the company a “buy” rating in a research report on Monday, October 6th. UBS Group lowered their price target on Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Linde in a report on Wednesday, October 8th. 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 MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $520.00.

Linde Company 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.