Linde PLC $LIN Position Lowered by APG Asset Management N.V.

Key Points

• APG Asset Management N.V. reduced its stake in Linde PLC by 22.9%, selling 39,204 shares, now owning 132,223 shares valued at approximately $56.99 million.
• In the most recent earnings report, Linde exceeded estimates with an EPS of $4.09 and a revenue of $8.50 billion, indicating a 2.3% year-over-year increase.
• Linde recently declared a quarterly dividend of $1.50 per share, resulting in an annualized yield of 1.2% for investors.

APG Asset Management N.V. cut its holdings in Linde PLC (NASDAQ:LIN - Free Report) by 22.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 132,223 shares of the basic materials company's stock after selling 39,204 shares during the period. APG Asset Management N.V.'s holdings in Linde were worth $56,997,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of LIN. North Capital Inc. acquired a new position in Linde in the 1st quarter valued at $25,000. Putney Financial Group LLC acquired a new stake in shares of Linde during the 4th quarter worth $31,000. Dunhill Financial LLC acquired a new stake in shares of Linde during the 4th quarter worth $34,000. Capital A Wealth Management LLC acquired a new stake in shares of Linde during the 4th quarter worth $37,000. Finally, Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Linde during the 4th quarter worth $41,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Linde Stock Up 0.2%

NASDAQ LIN traded up $0.79 during trading hours on Wednesday, hitting $482.71. The company had a trading volume of 2,259,628 shares, compared to its average volume of 2,055,530. Linde PLC has a fifty-two week low of $408.65 and a fifty-two week high of $487.49. The company has a market capitalization of $226.35 billion, a price-to-earnings ratio of 34.33, a P/E/G ratio of 3.16 and a beta of 0.92. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.93 and a quick ratio of 0.78. The firm's 50 day moving average is $469.94 and its 200 day moving average is $461.48.

Linde (NASDAQ:LIN - Get Free Report) last announced its quarterly earnings results 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. 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 the consensus estimate of $8.35 billion. During the same period in the prior year, the firm earned $3.85 EPS. The firm's quarterly revenue 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. Sell-side analysts anticipate 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 will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be issued a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, September 4th. Linde's dividend payout ratio is currently 42.67%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. UBS Group upped their price objective on Linde from $485.00 to $504.00 and gave the stock a "neutral" rating in a report on Wednesday, July 9th. JPMorgan Chase & Co. upped their price objective on Linde from $470.00 to $475.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Citigroup upgraded Linde from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $500.00 to $535.00 in a report on Monday, June 30th. Finally, Royal Bank Of Canada assumed coverage on Linde in a report on Friday, June 13th. They set an "outperform" rating and a $576.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $519.63.

Insider Transactions at Linde

In related news, Director Stephen F. Angel sold 50,309 shares of the stock in a transaction on Thursday, August 7th. The stock was 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 directly owned 480,543 shares in the company, valued at approximately $227,479,445.34. This represents a 9.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.70% of the company's stock.

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.