Linde PLC $LIN Shares Purchased by Mendel Money Management

Mendel Money Management lifted its stake in Linde PLC (NASDAQ:LIN) by 0.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 10,431 shares of the basic materials company’s stock after acquiring an additional 92 shares during the period. Linde comprises about 2.2% of Mendel Money Management’s holdings, making the stock its 8th biggest position. Mendel Money Management’s holdings in Linde were worth $4,894,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. North Capital Inc. acquired a new position in shares of Linde in the 1st quarter valued at $25,000. Abound Financial LLC purchased a new stake in Linde in the first quarter valued at approximately $41,000. eCIO Inc. purchased a new stake in Linde in the first quarter valued at approximately $45,000. Clal Insurance Enterprises Holdings Ltd boosted its position in Linde by 445.0% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company’s stock valued at $51,000 after buying an additional 89 shares during the last quarter. Finally, Nova Wealth Management Inc. purchased a new stake in Linde in the first quarter valued at approximately $52,000. 82.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LIN has been the topic of a number of recent research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Linde in a research report on Wednesday, October 8th. JPMorgan Chase & Co. boosted 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. Citigroup boosted their target price on shares of Linde from $530.00 to $535.00 and gave the company a “buy” rating in a research report on Monday, October 6th. Finally, UBS Group decreased their target price on shares of Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Two investment 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 company. According to MarketBeat.com, Linde currently has a consensus rating of “Buy” and a consensus price target of $520.00.

Linde Stock Down 0.5%

Shares of LIN stock opened at $442.72 on Wednesday. The stock has a 50 day moving average of $468.68 and a 200 day moving average of $464.89. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 0.49. The stock has a market cap of $207.60 billion, a P/E ratio of 31.49, a P/E/G ratio of 2.94 and a beta of 0.93. Linde PLC has a twelve month low of $408.65 and a twelve month 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 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 analysts’ expectations of $8.35 billion. Linde had a return on equity of 19.09% and a net margin of 20.20%.Linde’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period last year, the business 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. As a group, sell-side analysts expect that Linde PLC will post 16.54 EPS for the current year.

Linde Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd will be given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 1.4%. The ex-dividend date is Wednesday, December 3rd. Linde’s dividend payout ratio (DPR) is currently 42.67%.

Insider Buying and Selling

In related news, Director Stephen F. Angel sold 50,309 shares of the firm’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 sale, the director owned 480,543 shares in the company, valued at approximately $227,479,445.34. This trade represents a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.70% of the company’s stock.

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.