Callan Family Office LLC Boosts Stake in Linde PLC $LIN

Key Points

• Callan Family Office LLC increased its stake in Linde PLC by 261.6% in the second quarter, purchasing an additional 7,266 shares for a total of 10,043 shares valued at approximately $4.7 million.
• Multiple institutional investors made significant moves in Linde, with Nuveen LLC alone acquiring a position worth over $2 billion, while Deutsche Bank AG raised its holdings by 172.4%.
• Linde reported better than expected earnings for the quarter, with $4.09 earnings per share, exceeding estimates, and announced a quarterly dividend of $1.50 per share.

Callan Family Office LLC increased its holdings in shares of Linde PLC (NASDAQ:LIN - Free Report) by 261.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,043 shares of the basic materials company's stock after purchasing an additional 7,266 shares during the period. Callan Family Office LLC's holdings in Linde were worth $4,712,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in LIN. Nuveen LLC purchased a new position in shares of Linde during the first quarter worth $2,097,793,000. Deutsche Bank AG raised its holdings in shares of Linde by 172.4% during the first quarter. Deutsche Bank AG now owns 2,407,637 shares of the basic materials company's stock worth $1,121,092,000 after purchasing an additional 1,523,702 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Linde by 18.6% during the first quarter. Wellington Management Group LLP now owns 7,542,991 shares of the basic materials company's stock worth $3,511,751,000 after purchasing an additional 1,182,157 shares during the last quarter. Alecta Tjanstepension Omsesidigt purchased a new position in shares of Linde during the first quarter worth $233,405,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Linde by 5.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,600,297 shares of the basic materials company's stock worth $4,470,284,000 after purchasing an additional 453,108 shares during the last quarter. Hedge funds and other institutional investors own 82.80% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on LIN shares. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Linde in a report on Wednesday. UBS Group cut their price objective on shares of Linde from $510.00 to $507.00 and set a "neutral" rating for the company in a report on Monday. Citigroup lifted their price objective on shares of Linde from $530.00 to $535.00 and gave the company a "buy" rating in a report on Monday. JPMorgan Chase & Co. lifted their price objective on shares of Linde from $470.00 to $475.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Finally, Royal Bank Of Canada started coverage on shares of Linde in a report on Friday, June 13th. They issued an "outperform" rating and a $576.00 price objective for the company. Two 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's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $520.00.

Insiders Place Their Bets

In related news, Director Stephen F. Angel sold 50,309 shares of the business's stock in a transaction dated 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 directly owned 480,543 shares in the company, 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 legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.70% of the company's stock.

Linde Stock Down 0.9%

Shares of NASDAQ LIN opened at $453.82 on Friday. The company's 50-day simple moving average is $474.45 and its 200-day simple moving average is $464.49. Linde PLC has a 52-week low of $408.65 and a 52-week high of $487.49. The firm has a market cap of $212.80 billion, a price-to-earnings ratio of 32.28, a price-to-earnings-growth ratio of 3.03 and a beta of 0.93. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 0.49.

Linde (NASDAQ:LIN - Get Free Report) last announced its 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 net margin of 20.20% and a return on equity of 19.09%. The business had revenue of $8.50 billion for the quarter, compared to analyst estimates of $8.35 billion. During the same quarter last year, the business earned $3.85 earnings per share. 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. Equities analysts predict that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were given 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 yield of 1.3%. 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.

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