Linde PLC $LIN Shares Sold by Arnhold LLC

Key Points

• Arnhold LLC reduced its stake in Linde PLC by 23.2% during Q1, now holding 6,147 shares valued at approximately $2.86 million.
• Linde reported $4.09 earnings per share for the recent quarter, exceeding expectations and showing a revenue increase of 2.3% year-over-year.
• The company declared a quarterly dividend of $1.50 per share, yielding 1.2%, with a payout ratio of 42.67%.

Arnhold LLC decreased its stake in Linde PLC (NASDAQ:LIN - Free Report) by 23.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,147 shares of the basic materials company's stock after selling 1,853 shares during the period. Arnhold LLC's holdings in Linde were worth $2,862,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Mccarter Private Wealth Services LLC acquired a new stake in Linde during the 1st quarter worth $262,000. 1832 Asset Management L.P. boosted its stake in Linde by 142.3% during the 1st quarter. 1832 Asset Management L.P. now owns 90,399 shares of the basic materials company's stock worth $42,093,000 after purchasing an additional 53,097 shares during the period. Compound Planning Inc. boosted its stake in Linde by 48.1% during the 1st quarter. Compound Planning Inc. now owns 4,546 shares of the basic materials company's stock worth $2,117,000 after purchasing an additional 1,477 shares during the period. Norinchukin Bank The boosted its stake in Linde by 18.1% during the 1st quarter. Norinchukin Bank The now owns 88,514 shares of the basic materials company's stock worth $41,216,000 after purchasing an additional 13,557 shares during the period. Finally, CW Advisors LLC boosted its stake in Linde by 8.6% during the 1st quarter. CW Advisors LLC now owns 42,668 shares of the basic materials company's stock worth $19,857,000 after purchasing an additional 3,390 shares during the period. Institutional investors and hedge funds own 82.80% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, Director Stephen F. Angel sold 50,309 shares of the stock in a transaction dated 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 sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.70% of the company's stock.

Linde Price Performance

Shares of LIN traded up $4.07 during trading hours on Tuesday, reaching $481.92. The company had a trading volume of 1,699,528 shares, compared to its average volume of 2,054,188. The firm has a 50 day simple moving average of $469.52 and a 200-day simple moving average of $461.34. 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 company has a market capitalization of $225.98 billion, a price-to-earnings ratio of 34.28, a PEG ratio of 3.18 and a beta of 0.92. Linde PLC has a 12-month low of $408.65 and a 12-month high of $487.49.

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 analysts' consensus estimates of $4.03 by $0.06. The business had revenue of $8.50 billion during the quarter, compared to the consensus estimate of $8.35 billion. Linde had a net margin of 20.20% and a return on equity of 19.09%. The business's revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the firm 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. Research analysts expect that Linde PLC will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, September 4th. Linde's dividend 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.