Motco Acquires 498 Shares of Linde PLC $LIN

Motco raised its holdings in shares of Linde PLC (NASDAQ:LIN) by 3.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,330 shares of the basic materials company’s stock after purchasing an additional 498 shares during the quarter. Motco’s holdings in Linde were worth $7,976,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. North Capital Inc. bought a new stake in Linde during the 1st quarter valued at $25,000. Abound Financial LLC bought a new stake in Linde during the 1st quarter valued at $41,000. eCIO Inc. bought a new stake in Linde during the 1st quarter valued at $45,000. Clal Insurance Enterprises Holdings Ltd increased its stake in Linde by 445.0% during the 1st 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 shares of Linde in the 1st quarter worth $52,000. Institutional investors own 82.80% of the company’s stock.

Linde Price Performance

LIN opened at $442.72 on Wednesday. The firm has a market cap of $207.60 billion, a P/E ratio of 31.49, a PEG ratio of 2.94 and a beta of 0.93. The firm has a 50-day moving average of $468.68 and a 200 day moving average of $464.89. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.78 and a current ratio of 0.93. Linde PLC has a fifty-two week low of $408.65 and a fifty-two week high of $486.38.

Linde (NASDAQ:LIN) last posted 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 analyst estimates of $8.35 billion. Linde had a net margin of 20.20% and a return on equity of 19.09%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the prior 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. On average, research analysts expect that Linde PLC will post 16.54 EPS for the current year.

Linde Announces Dividend

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

Analyst Ratings Changes

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

Insiders Place Their Bets

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

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.