68,260 Shares in Linde PLC $LIN Acquired by Foresight Group Ltd Liability Partnership

Key Points

• Foresight Group Ltd Liability Partnership has acquired 68,260 shares of Linde PLC, valued at approximately $31.8 million, making it the firm's fourth largest holding.
• Director Stephen F. Angel sold 50,309 shares of Linde stock, resulting in a 9.48% decrease in his position, which is now valued at over $227 million.
• Linde recently announced a quarterly dividend of $1.50 per share, set to be paid on September 18th, with a current annualized yield of 1.3%.

Foresight Group Ltd Liability Partnership bought a new stake in Linde PLC (NASDAQ:LIN - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 68,260 shares of the basic materials company's stock, valued at approximately $31,785,000. Linde makes up approximately 4.6% of Foresight Group Ltd Liability Partnership's portfolio, making the stock its 4th biggest holding.

A number of other institutional investors also recently added to or reduced their stakes in the company. North Capital Inc. purchased a new stake in shares of Linde in the 1st quarter valued at approximately $25,000. Putney Financial Group LLC acquired a new position in shares of Linde during the fourth quarter worth $31,000. Capital A Wealth Management LLC purchased a new position in Linde in the fourth quarter valued at $37,000. Abound Financial LLC purchased a new position in Linde in the first quarter valued at $41,000. Finally, Vermillion Wealth Management Inc. acquired a new stake in Linde in the fourth quarter valued at $42,000. Hedge funds and other institutional investors own 82.80% of the company's stock.

Insider Activity at Linde

In related 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 completion of the sale, the director owned 480,543 shares in the company, valued at $227,479,445.34. This represents a 9.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.70% of the stock is owned by insiders.

Linde Stock Down 0.2%

Linde stock opened at $472.70 on Thursday. The company has a market capitalization of $221.65 billion, a P/E ratio of 33.62, a PEG ratio of 3.13 and a beta of 0.95. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.78 and a current ratio of 0.93. Linde PLC has a fifty-two week low of $408.65 and a fifty-two week high of $487.49. The stock has a 50-day simple moving average of $472.38 and a 200-day simple moving average of $462.62.

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 (EPS) for the quarter, topping analysts' consensus estimates of $4.03 by $0.06. The firm had revenue of $8.50 billion for the quarter, compared to the consensus estimate of $8.35 billion. Linde had a return on equity of 19.09% and a net margin of 20.20%.The firm's quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter last 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. Equities research analysts expect 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 will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be given a dividend of $1.50 per share. The ex-dividend date is Thursday, September 4th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.3%. Linde's dividend payout ratio (DPR) is 42.67%.

Analyst Upgrades and Downgrades

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

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