Oppenheimer Asset Management Inc. Purchases 2,023 Shares of Linde PLC $LIN

Oppenheimer Asset Management Inc. raised its position in shares of Linde PLC (NASDAQ:LIN) by 5.2% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 41,259 shares of the basic materials company’s stock after purchasing an additional 2,023 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Linde were worth $19,358,000 at the end of the most recent quarter.

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

Insider Activity

In other news, Director Stephen F. Angel sold 50,309 shares of Linde 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 sale, the director 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.70% of the company’s stock.

Linde Stock Performance

NASDAQ:LIN opened at $446.00 on Friday. The firm has a market cap of $209.13 billion, a PE ratio of 31.72, a price-to-earnings-growth ratio of 2.94 and a beta of 0.93. Linde PLC has a fifty-two week low of $408.65 and a fifty-two week high of $486.38. 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 business has a 50 day moving average price of $470.10 and a 200-day moving average price of $464.69.

Linde (NASDAQ:LIN) last released its quarterly earnings data on Friday, August 1st. The basic materials company reported $4.09 earnings per share for the quarter, beating analysts’ consensus estimates of $4.03 by $0.06. The firm had revenue of $8.50 billion during the quarter, compared to analyst estimates of $8.35 billion. Linde had a return on equity of 19.09% and a net margin of 20.20%.The business’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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. Equities research analysts predict that Linde PLC will post 16.54 earnings per share for the current year.

Linde Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. UBS Group decreased 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. JPMorgan Chase & Co. boosted their price target 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 reissued a “buy (b)” rating on shares of Linde in a research note on Saturday. Finally, Citigroup boosted their price target 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. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target 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.