Carmignac Gestion Sells 74,500 Shares of Linde PLC $LIN

Key Points

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Carmignac Gestion decreased its holdings in shares of Linde PLC (NASDAQ:LIN - Free Report) by 34.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 142,633 shares of the basic materials company's stock after selling 74,500 shares during the period. Linde accounts for about 1.1% of Carmignac Gestion's portfolio, making the stock its 28th biggest position. Carmignac Gestion's holdings in Linde were worth $66,416,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in LIN. Freemont Capital Pte Ltd bought a new stake in shares of Linde during the 4th quarter valued at about $2,128,233,000. Nuveen LLC bought a new stake in Linde in the 1st quarter valued at about $2,097,793,000. GAMMA Investing LLC increased its position in Linde by 58,312.0% in the 1st quarter. GAMMA Investing LLC now owns 3,415,935 shares of the basic materials company's stock valued at $1,590,596,000 after buying an additional 3,410,087 shares in the last quarter. Deutsche Bank AG increased its position in Linde by 172.4% in the 1st quarter. Deutsche Bank AG now owns 2,407,637 shares of the basic materials company's stock valued at $1,121,092,000 after buying an additional 1,523,702 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in Linde by 18.6% in the 1st quarter. Wellington Management Group LLP now owns 7,542,991 shares of the basic materials company's stock valued at $3,511,751,000 after buying an additional 1,182,157 shares in the last quarter. Institutional investors own 82.80% of the company's stock.

Analysts Set New Price Targets

LIN has been the subject of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on Linde from $470.00 to $475.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. UBS Group boosted their target price on Linde from $485.00 to $504.00 and gave the company a "neutral" rating in a research report on Wednesday, July 9th. Royal Bank Of Canada initiated coverage on Linde in a research report on Friday, June 13th. They issued an "outperform" rating and a $576.00 target price for the company. Finally, Citigroup raised Linde from a "neutral" rating to a "buy" rating and boosted their target price for the company from $500.00 to $535.00 in a research report on Monday, June 30th. Two 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 company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $519.63.

Linde Stock Up 0.2%

LIN stock traded up $0.96 during trading on Friday, reaching $481.67. The stock had a trading volume of 1,782,492 shares, compared to its average volume of 2,062,129. Linde PLC has a one year low of $408.65 and a one year high of $487.49. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 0.49. The company's 50 day moving average is $468.98 and its two-hundred day moving average is $460.94. The company has a market capitalization of $225.86 billion, a price-to-earnings ratio of 34.26, a P/E/G ratio of 3.18 and a beta of 0.92.

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, topping 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 business 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 posted $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. Equities research analysts forecast that Linde PLC will post 16.54 EPS for the current year.

Linde Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be given a $1.50 dividend. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $6.00 annualized dividend and a yield of 1.2%. Linde's payout ratio is currently 42.67%.

Insider Buying and Selling

In other Linde news, Director Stephen F. Angel sold 50,309 shares of Linde 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 owned 480,543 shares of the company's stock, valued at approximately $227,479,445.34. The trade was a 9.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.70% of the company's stock.

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.