Mccarter Private Wealth Services LLC Buys New Shares in Linde PLC $LIN

Key Points

• Mccarter Private Wealth Services LLC acquired 563 shares of Linde PLC, valued at approximately $262,000, during the first quarter.
• A recent quarterly earnings report revealed that Linde reported $4.09 EPS, exceeding analysts' expectations, with revenue of $8.50 billion.
• Linde's latest quarterly dividend is set at $1.50 per share, which represents an annualized dividend of $6.00 and a yield of 1.2%.

Mccarter Private Wealth Services LLC acquired a new position in shares of Linde PLC (NASDAQ:LIN - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 563 shares of the basic materials company's stock, valued at approximately $262,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. 1832 Asset Management L.P. increased its holdings in Linde by 142.3% during the 1st quarter. 1832 Asset Management L.P. now owns 90,399 shares of the basic materials company's stock worth $42,093,000 after purchasing an additional 53,097 shares in the last quarter. Compound Planning Inc. grew its holdings in shares of Linde by 48.1% in the first quarter. Compound Planning Inc. now owns 4,546 shares of the basic materials company's stock valued at $2,117,000 after acquiring an additional 1,477 shares in the last quarter. Norinchukin Bank The grew its holdings in shares of Linde by 18.1% in the first quarter. Norinchukin Bank The now owns 88,514 shares of the basic materials company's stock valued at $41,216,000 after acquiring an additional 13,557 shares in the last quarter. CW Advisors LLC grew its holdings in shares of Linde by 8.6% in the first quarter. CW Advisors LLC now owns 42,668 shares of the basic materials company's stock valued at $19,857,000 after acquiring an additional 3,390 shares in the last quarter. Finally, Summit Financial LLC grew its holdings in shares of Linde by 5.7% in the first quarter. Summit Financial LLC now owns 8,643 shares of the basic materials company's stock valued at $4,024,000 after acquiring an additional 467 shares in the last quarter. 82.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Linde Price Performance

Shares of Linde stock traded up $4.07 during trading on Tuesday, hitting $481.92. The stock had a trading volume of 1,699,523 shares, compared to its average volume of 2,054,188. The firm has a market cap of $225.98 billion, a price-to-earnings ratio of 34.28, a P/E/G ratio of 3.18 and a beta of 0.92. Linde PLC has a 12 month low of $408.65 and a 12 month high of $487.49. The business's 50-day moving average is $469.52 and its 200 day moving average is $461.34. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 0.49.

Linde (NASDAQ:LIN - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share for the quarter, topping the consensus estimate of $4.03 by $0.06. The firm had revenue of $8.50 billion for the quarter, compared to analysts' expectations of $8.35 billion. Linde had a net margin of 20.20% and a return on equity of 19.09%. The business's quarterly revenue was up 2.3% on a year-over-year basis. 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. As a group, sell-side analysts anticipate that Linde PLC will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be issued 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 is presently 42.67%.

Insider Buying and Selling at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of the company's stock in a transaction 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 transaction, the director owned 480,543 shares of the company's stock, valued at approximately $227,479,445.34. This represents a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.70% of the company's stock.

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.