New York Life Investment Management LLC Buys 89 Shares of Linde PLC $LIN

New York Life Investment Management LLC boosted its stake in shares of Linde PLC (NASDAQ:LIN) by 0.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,509 shares of the basic materials company’s stock after purchasing an additional 89 shares during the quarter. New York Life Investment Management LLC’s holdings in Linde were worth $33,081,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Howard Capital Management Inc. boosted its position in Linde by 9.6% during the second quarter. Howard Capital Management Inc. now owns 14,250 shares of the basic materials company’s stock valued at $6,686,000 after purchasing an additional 1,254 shares in the last quarter. Purkiss Capital Advisors LLC boosted its position in Linde by 25.5% during the second quarter. Purkiss Capital Advisors LLC now owns 1,855 shares of the basic materials company’s stock valued at $870,000 after purchasing an additional 377 shares in the last quarter. May Hill Capital LLC boosted its position in Linde by 10.3% during the second quarter. May Hill Capital LLC now owns 726 shares of the basic materials company’s stock valued at $341,000 after purchasing an additional 68 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its holdings in Linde by 1.0% in the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 4,376 shares of the basic materials company’s stock worth $2,053,000 after acquiring an additional 43 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in Linde by 215.5% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 55,487 shares of the basic materials company’s stock worth $26,033,000 after acquiring an additional 37,900 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.

Linde Trading Down 0.3%

Linde stock opened at $444.82 on Tuesday. 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 52 week low of $408.65 and a 52 week high of $486.38. The company has a market capitalization of $208.58 billion, a price-to-earnings ratio of 31.64, a price-to-earnings-growth ratio of 2.94 and a beta of 0.93. The stock has a 50-day moving average price of $469.43 and a 200 day moving average price of $464.82.

Linde (NASDAQ:LIN) last released its 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 firm had revenue of $8.50 billion during the quarter, compared to the consensus estimate of $8.35 billion. During the same quarter in the previous year, the company posted $3.85 earnings per share. The company’s 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. Sell-side analysts anticipate that Linde PLC will post 16.54 EPS for the current year.

Linde Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd will be issued a dividend of $1.50 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.3%. Linde’s payout ratio is 42.67%.

Insider Activity at Linde

In related news, Director Stephen F. Angel sold 50,309 shares of Linde stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $473.38, for a total transaction of $23,815,274.42. Following the completion of the sale, the director owned 480,543 shares of the company’s stock, valued at $227,479,445.34. The trade was a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

LIN has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their price target on Linde from $470.00 to $475.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. UBS Group lowered their price target on Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Linde in a report on Wednesday, October 8th. Finally, Citigroup raised their price target on Linde from $530.00 to $535.00 and gave the stock a “buy” rating in a report on Monday, October 6th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus 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.