Linde PLC $LIN Shares Sold by Campbell & CO Investment Adviser LLC

Key Points

• Campbell & CO Investment Adviser LLC reduced its holdings in Linde PLC by 71.3%, selling 10,462 shares, resulting in a total holding value of $1.95 million.
• Analysts remain optimistic about Linde, with a consensus rating of "Buy" and a target price of $519.63, aided by upgrades from firms like Citigroup and JPMorgan.
• Linde recently declared a quarterly dividend of $1.50, with an ex-dividend date set for September 4th, indicating a yield of 1.3%.

Campbell & CO Investment Adviser LLC reduced its stake in Linde PLC (NASDAQ:LIN - Free Report) by 71.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,201 shares of the basic materials company's stock after selling 10,462 shares during the period. Campbell & CO Investment Adviser LLC's holdings in Linde were worth $1,952,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of LIN. North Capital Inc. acquired a new stake in Linde in the first quarter valued at $25,000. Putney Financial Group LLC acquired a new stake in shares of Linde during the fourth quarter worth about $31,000. Dunhill Financial LLC acquired a new stake in shares of Linde during the fourth quarter worth about $34,000. Abound Financial LLC acquired a new stake in shares of Linde during the first quarter worth about $41,000. Finally, Capital A Wealth Management LLC acquired a new stake in shares of Linde during the fourth quarter worth about $37,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Linde Price Performance

Shares of NASDAQ:LIN traded down $3.86 during trading on Friday, hitting $478.29. 2,058,214 shares of the stock were exchanged, compared to its average volume of 2,058,015. The company has a fifty day moving average price of $470.89 and a two-hundred day moving average price of $461.78. The company has a market cap of $224.27 billion, a PE ratio of 34.02, a P/E/G ratio of 3.19 and a beta of 0.92. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 0.49. 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 EPS for the quarter, topping 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 business had revenue of $8.50 billion for the quarter, compared to analyst estimates of $8.35 billion. During the same quarter in the previous year, the company earned $3.85 EPS. The company's quarterly revenue was up 2.3% on a year-over-year basis. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. On average, analysts forecast that Linde PLC will post 16.54 EPS for the current year.

Linde Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other Linde news, Director Stephen F. Angel sold 50,309 shares of the business's 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 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.70% of the company's stock.

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.