Redmond Asset Management LLC Purchases 144 Shares of Linde PLC $LIN

Redmond Asset Management LLC lifted its position in shares of Linde PLC (NASDAQ:LIN) by 27.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 660 shares of the basic materials company’s stock after acquiring an additional 144 shares during the quarter. Redmond Asset Management LLC’s holdings in Linde were worth $310,000 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. Nuveen LLC bought a new stake in shares of Linde during the first quarter worth $2,097,793,000. Deutsche Bank AG raised its position in shares of Linde by 172.4% during the first quarter. Deutsche Bank AG now owns 2,407,637 shares of the basic materials company’s stock worth $1,121,092,000 after acquiring an additional 1,523,702 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Linde by 18.6% during the first quarter. Wellington Management Group LLP now owns 7,542,991 shares of the basic materials company’s stock worth $3,511,751,000 after acquiring an additional 1,182,157 shares during the last quarter. Alecta Tjanstepension Omsesidigt bought a new stake in shares of Linde during the first quarter worth $233,405,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in Linde by 5.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,600,297 shares of the basic materials company’s stock valued at $4,470,284,000 after purchasing an additional 453,108 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

Insider Transactions at Linde

In other Linde news, Director Stephen F. Angel sold 50,309 shares of the business’s stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $473.38, for a total value of $23,815,274.42. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.70% of the company’s stock.

Linde Stock Down 0.5%

NASDAQ:LIN opened at $442.72 on Wednesday. Linde PLC has a 1 year low of $408.65 and a 1 year high of $486.38. 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 price-to-earnings ratio of 31.49, a PEG ratio of 2.94 and a beta of 0.93. The stock has a 50-day moving average price of $468.68 and a two-hundred day moving average price of $464.89.

Linde (NASDAQ:LIN) last posted its earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.03 by $0.06. Linde had a return on equity of 19.09% and a net margin of 20.20%.The firm had revenue of $8.50 billion during the quarter, compared to analysts’ expectations of $8.35 billion. During the same period in the previous year, the firm earned $3.85 earnings per share. The company’s revenue was up 2.3% on a year-over-year basis. 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, equities analysts expect that Linde PLC will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

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 paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Wednesday, December 3rd. Linde’s payout ratio is presently 42.67%.

Analysts Set New Price Targets

LIN has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Linde in a report on Wednesday, October 8th. Citigroup upped their price objective on Linde from $530.00 to $535.00 and gave the company a “buy” rating in a report on Monday, October 6th. 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. Finally, UBS Group dropped their price objective on Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $520.00.

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.