Chilton Capital Management LLC Boosts Stake in Linde PLC $LIN

Chilton Capital Management LLC increased its holdings in Linde PLC (NASDAQ:LIN) by 2.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 63,610 shares of the basic materials company’s stock after purchasing an additional 1,497 shares during the quarter. Chilton Capital Management LLC’s holdings in Linde were worth $29,845,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Citigroup increased their target price on Linde from $530.00 to $535.00 and gave the company a “buy” rating in a report on Monday, October 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Linde in a research note on Saturday. 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 report on Monday, August 4th. Finally, UBS Group dropped their price target on Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a research report 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 given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $520.00.

Linde Trading Down 0.9%

LIN opened at $446.00 on Friday. The business’s 50 day moving average price is $470.10 and its 200 day moving average price is $464.69. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.78 and a current ratio of 0.93. The stock has a market capitalization of $209.13 billion, a PE ratio of 31.72, a P/E/G ratio of 2.94 and a beta of 0.93. Linde PLC has a one year low of $408.65 and a one year high of $486.38.

Linde (NASDAQ:LIN) last released its quarterly earnings results 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 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%.The company’s revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the business posted $3.85 EPS. 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 research analysts expect that Linde PLC will post 16.54 EPS for the current year.

Linde Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Thursday, September 4th. Linde’s payout ratio is 42.67%.

Insider Activity at Linde

In related news, Director Stephen F. Angel sold 50,309 shares of the 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 completion of the transaction, the director owned 480,543 shares of the company’s stock, valued at approximately $227,479,445.34. This trade represents a 9.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.70% of the company’s stock.

Linde 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.