Alyeska Investment Group L.P. Takes Position in Linde PLC $LIN

Key Points

• Alyeska Investment Group L.P. has acquired 423,114 shares of Linde PLC valued at approximately $197 million, making it their 25th largest holding.
• Linde's recent quarterly earnings showed EPS of $4.09, exceeding expectations, with a revenue of $8.50 billion, reflecting a 2.3% year-over-year increase.
• The company declared a quarterly dividend of $1.50 per share, payable on September 18th, resulting in an annualized yield of 1.3%.

Alyeska Investment Group L.P. acquired a new position in Linde PLC (NASDAQ:LIN - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 423,114 shares of the basic materials company's stock, valued at approximately $197,019,000. Linde makes up approximately 0.8% of Alyeska Investment Group L.P.'s holdings, making the stock its 25th biggest position. Alyeska Investment Group L.P. owned about 0.09% of Linde at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. North Capital Inc. bought a new position in shares of Linde during the 1st quarter valued at approximately $25,000. Putney Financial Group LLC purchased a new stake in shares of Linde during the 4th quarter worth approximately $31,000. Dunhill Financial LLC bought a new position in shares of Linde during the 4th quarter valued at approximately $34,000. Abound Financial LLC bought a new position in shares of Linde during the 1st quarter valued at approximately $41,000. Finally, Capital A Wealth Management LLC bought a new position in Linde in the 4th quarter valued at $37,000. 82.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Insider Activity

In other news, Director Stephen F. Angel sold 50,309 shares of the company's 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 transaction, the director directly owned 480,543 shares of the company's stock, valued at approximately $227,479,445.34. This represents a 9.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.70% of the company's stock.

Linde Trading Down 0.6%

LIN stock traded down $2.87 during midday trading on Friday, hitting $469.52. 1,066,218 shares of the company's stock were exchanged, compared to its average volume of 1,493,888. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $220.16 billion, a PE ratio of 33.39, a P/E/G ratio of 3.10 and a beta of 0.95. Linde PLC has a 1-year low of $408.65 and a 1-year high of $487.49. The business has a 50-day simple moving average of $472.43 and a two-hundred day simple moving average of $462.36.

Linde (NASDAQ:LIN - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The basic materials company reported $4.09 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company's quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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. On average, sell-side analysts predict that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, September 4th. Linde's payout ratio is presently 42.67%.

Linde Company 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.