Annex Advisory Services LLC Grows Stock Holdings in Linde PLC $LIN

Key Points

• Annex Advisory Services LLC has increased its stake in Linde PLC by 9.3%, now holding 83,011 shares valued at approximately $38.95 million.
• Linde PLC reported earnings of $4.09 per share for the last quarter, surpassing estimates and reflecting a 2.3% revenue growth year-over-year.
• The company declared a quarterly dividend of $1.50 per share, which translates to an annualized dividend of $6.00 and a yield of 1.3%.

Annex Advisory Services LLC boosted its stake in Linde PLC (NASDAQ:LIN - Free Report) by 9.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 83,011 shares of the basic materials company's stock after buying an additional 7,070 shares during the period. Annex Advisory Services LLC's holdings in Linde were worth $38,947,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of LIN. Brighton Jones LLC purchased a new stake in Linde in the fourth quarter worth about $2,752,000. Revolve Wealth Partners LLC lifted its holdings in Linde by 14.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company's stock worth $325,000 after buying an additional 96 shares during the period. Bank Pictet & Cie Europe AG lifted its holdings in Linde by 2.8% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 68,460 shares of the basic materials company's stock worth $28,662,000 after buying an additional 1,876 shares during the period. Two Sigma Advisers LP lifted its holdings in Linde by 74.1% in the fourth quarter. Two Sigma Advisers LP now owns 11,489 shares of the basic materials company's stock worth $4,810,000 after buying an additional 4,889 shares during the period. Finally, GTS Securities LLC lifted its holdings in shares of Linde by 152.4% during the fourth quarter. GTS Securities LLC now owns 3,037 shares of the basic materials company's stock valued at $1,272,000 after purchasing an additional 8,830 shares during the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Linde Stock Performance

Shares of LIN stock traded up $1.90 during mid-day trading on Tuesday, reaching $479.66. 807,143 shares of the company's stock traded hands, compared to its average volume of 2,030,322. Linde PLC has a 12 month low of $408.65 and a 12 month high of $487.49. The firm has a 50 day moving average price of $473.50 and a two-hundred day moving average price of $463.39. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.78 and a current ratio of 0.93. The firm has a market capitalization of $224.92 billion, a PE ratio of 34.13, a price-to-earnings-growth ratio of 3.16 and a beta of 0.95.

Linde (NASDAQ:LIN - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The basic materials company reported $4.09 earnings per share (EPS) 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 firm had revenue of $8.50 billion during the quarter, compared to the consensus estimate of $8.35 billion. During the same quarter in the previous year, the firm posted $3.85 EPS. The company's revenue for the quarter was up 2.3% compared to the same quarter last year. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. On average, research analysts forecast that Linde PLC will post 16.54 EPS for the current year.

Linde Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were paid a dividend of $1.50 per share. 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 payout ratio is 42.67%.

Insider Buying and Selling at Linde

In related news, Director Stephen F. Angel sold 50,309 shares of Linde stock in a transaction on Thursday, August 7th. The shares were 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 in the company, valued at approximately $227,479,445.34. The trade was a 9.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.70% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Citigroup upgraded shares of Linde from a "neutral" rating to a "buy" rating and lifted their target price for the company from $500.00 to $535.00 in a report on Monday, June 30th. JPMorgan Chase & Co. lifted their target price on shares of Linde from $470.00 to $475.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Royal Bank Of Canada assumed coverage on shares of Linde in a report on Friday, June 13th. They set an "outperform" rating and a $576.00 target price for the company. Finally, UBS Group lifted their target price on shares of Linde from $485.00 to $504.00 and gave the company a "neutral" rating in a report on Wednesday, July 9th. Two equities 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 stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $519.63.

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.