Linde PLC $LIN Shares Bought by 1832 Asset Management L.P.

Key Points

• 1832 Asset Management L.P. increased its holdings in Linde PLC by 142.3%, acquiring an additional 53,097 shares, bringing its total ownership to 90,399 shares valued at approximately $42 million.
• Linde reported $4.09 EPS for the latest quarter, exceeding analyst expectations, with revenues of $8.50 billion, a 2.3% increase from the previous year.
• The company announced a quarterly dividend of $1.50 per share, reflecting a 1.2% yield, with the ex-dividend date set for September 4th.

1832 Asset Management L.P. increased its position in shares of Linde PLC (NASDAQ:LIN - Free Report) by 142.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 90,399 shares of the basic materials company's stock after buying an additional 53,097 shares during the period. 1832 Asset Management L.P.'s holdings in Linde were worth $42,093,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in LIN. Freemont Capital Pte Ltd purchased a new stake in Linde during the fourth quarter worth $2,128,233,000. Nuveen LLC purchased a new position in Linde during the first quarter valued at $2,097,793,000. GAMMA Investing LLC lifted its holdings in Linde by 58,312.0% during the first quarter. GAMMA Investing LLC now owns 3,415,935 shares of the basic materials company's stock valued at $1,590,596,000 after purchasing an additional 3,410,087 shares in the last quarter. Deutsche Bank AG lifted its holdings in Linde by 172.4% during the first quarter. Deutsche Bank AG now owns 2,407,637 shares of the basic materials company's stock valued at $1,121,092,000 after purchasing an additional 1,523,702 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in 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 valued at $3,511,751,000 after purchasing an additional 1,182,157 shares in the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Linde

In related news, Director Stephen F. Angel sold 50,309 shares of Linde stock in a transaction that occurred on Thursday, August 7th. The shares were 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 owned 480,543 shares in the company, valued at $227,479,445.34. The trade was a 9.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.70% of the company's stock.

Linde Trading Up 0.2%

Shares of LIN traded up $0.79 during trading on Wednesday, reaching $482.71. 2,196,392 shares of the company traded hands, compared to its average volume of 2,046,011. Linde PLC has a twelve month low of $408.65 and a twelve month high of $487.49. The stock has a market cap of $226.35 billion, a PE ratio of 34.33, a price-to-earnings-growth ratio of 3.16 and a beta of 0.92. The stock has a 50-day simple moving average of $469.94 and a 200-day simple moving average of $461.48. 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 (NASDAQ:LIN - Get Free Report) last announced its quarterly earnings results 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. Linde had a net margin of 20.20% and a return on equity of 19.09%. The business had revenue of $8.50 billion during the quarter, compared to analysts' expectations of $8.35 billion. During the same period last year, the business earned $3.85 earnings per share. The business's revenue for the quarter 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. On average, analysts anticipate that Linde PLC will post 16.54 earnings per share for the current year.

Linde Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be paid a $1.50 dividend. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $6.00 annualized dividend and a dividend yield of 1.2%. Linde's dividend payout ratio (DPR) is presently 42.67%.

Wall Street Analysts Forecast Growth

LIN has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their target price on shares of Linde from $470.00 to $475.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Citigroup upgraded shares of Linde from a "neutral" rating to a "buy" rating and increased their target price for the company from $500.00 to $535.00 in a research report on Monday, June 30th. Royal Bank Of Canada assumed coverage on shares of Linde in a research report on Friday, June 13th. They set an "outperform" rating and a $576.00 price objective for the company. Finally, UBS Group raised their price objective on shares of Linde from $485.00 to $504.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Linde presently has a consensus rating of "Buy" and an average price target of $519.63.

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.