691 Shares in Linde PLC $LIN Acquired by Dohj LLC

Key Points

• Dohj LLC has acquired 691 shares of Linde PLC, valued at approximately $310,000, during the 2nd quarter.
• Director Stephen F. Angel sold 50,309 shares of Linde's stock for over $23 million, decreasing his ownership by 9.48%.
• Linde has recently been rated with a Buy consensus from analysts, with a current average price target of $520.00.

Dohj LLC acquired a new stake in Linde PLC (NASDAQ:LIN - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 691 shares of the basic materials company's stock, valued at approximately $310,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. North Capital Inc. bought a new position in Linde in the 1st quarter worth about $25,000. Abound Financial LLC bought a new position in Linde in the first quarter worth approximately $41,000. eCIO Inc. bought a new stake in Linde during the 1st quarter valued at $45,000. Clal Insurance Enterprises Holdings Ltd grew its position in shares of Linde by 445.0% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company's stock worth $51,000 after buying an additional 89 shares in the last quarter. Finally, Nova Wealth Management Inc. purchased a new position in shares of Linde during the first quarter valued at $52,000. 82.80% of the stock is currently owned by institutional investors.

Insider Activity at Linde

In other Linde news, Director Stephen F. Angel sold 50,309 shares of the business's stock in a transaction on 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 transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on LIN. Royal Bank Of Canada started coverage on shares of Linde in a report on Friday, June 13th. They set an "outperform" rating and a $576.00 target price on the stock. Citigroup lifted their price objective on shares of Linde from $530.00 to $535.00 and gave the stock a "buy" rating in a research report on Monday. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Linde in a research report on Saturday, September 27th. UBS Group reduced their price target on shares of Linde from $510.00 to $507.00 and set a "neutral" rating for the company in a research report on Monday. Finally, JPMorgan Chase & Co. lifted 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. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $520.00.

Linde Price Performance

NASDAQ:LIN opened at $470.37 on Wednesday. The stock has a 50 day moving average of $474.57 and a two-hundred day moving average of $464.50. Linde PLC has a 12 month low of $408.65 and a 12 month high of $487.49. The firm has a market cap of $220.56 billion, a P/E ratio of 33.45, a price-to-earnings-growth ratio of 3.09 and a beta of 0.93. 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 issued its quarterly earnings results on Friday, August 1st. The basic materials company reported $4.09 EPS for the quarter, topping the consensus estimate 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 analysts' expectations of $8.35 billion. During the same period in the previous year, the business earned $3.85 earnings per share. The firm'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 expect that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were given a $1.50 dividend. The ex-dividend date was 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 is 42.67%.

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.

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