Nisa Investment Advisors LLC Has $59.32 Million Holdings in Linde PLC $LIN

Nisa Investment Advisors LLC raised its position in shares of Linde PLC (NASDAQ:LIN) by 5.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 126,422 shares of the basic materials company’s stock after purchasing an additional 6,198 shares during the period. Nisa Investment Advisors LLC’s holdings in Linde were worth $59,315,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Bartlett & CO. Wealth Management LLC raised its position in Linde by 1.3% during the second quarter. Bartlett & CO. Wealth Management LLC now owns 249,742 shares of the basic materials company’s stock valued at $117,174,000 after acquiring an additional 3,230 shares in the last quarter. Truist Financial Corp lifted its stake in shares of Linde by 75.0% in the 1st quarter. Truist Financial Corp now owns 193,563 shares of the basic materials company’s stock valued at $90,131,000 after purchasing an additional 82,952 shares during the last quarter. Freedom Day Solutions LLC lifted its stake in shares of Linde by 9.6% in the 1st quarter. Freedom Day Solutions LLC now owns 6,102 shares of the basic materials company’s stock valued at $2,841,000 after purchasing an additional 535 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in Linde by 25.9% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 23,558 shares of the basic materials company’s stock worth $10,970,000 after purchasing an additional 4,839 shares in the last quarter. Finally, Exane Asset Management acquired a new position in Linde during the first quarter worth $295,000. Institutional investors own 82.80% of the company’s stock.

Linde Stock Performance

LIN opened at $446.00 on Friday. The firm has a market capitalization of $209.13 billion, a P/E ratio of 31.72, a price-to-earnings-growth ratio of 2.94 and a beta of 0.93. The stock’s 50 day moving average price is $470.10 and its two-hundred day moving average price is $464.69. 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 12-month low of $408.65 and a 12-month high of $486.38.

Linde (NASDAQ:LIN) last issued its quarterly earnings results on Friday, August 1st. The basic materials company reported $4.09 EPS for the quarter, topping 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 company had revenue of $8.50 billion during the quarter, compared to analyst estimates of $8.35 billion. During the same period in the previous year, the company earned $3.85 earnings per share. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. On average, equities analysts forecast that Linde PLC will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were issued a $1.50 dividend. 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 dividend payout ratio is 42.67%.

Insider Transactions at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of the business’s 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 transaction, the director owned 480,543 shares in the company, valued at approximately $227,479,445.34. The trade was a 9.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on LIN shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Linde in a research report on Saturday. Citigroup boosted their target price on Linde from $530.00 to $535.00 and gave the stock a “buy” rating in a report on Monday, October 6th. JPMorgan Chase & Co. increased their price target 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 reduced their price objective 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 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 stock. Based on data from MarketBeat, Linde currently has a consensus 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.