Chicago Capital LLC Sells 21,232 Shares of Linde PLC $LIN

Key Points

• Chicago Capital LLC reduced its stake in Linde PLC by 85.0%, selling 21,232 shares and leaving it with 3,737 shares valued at approximately $1.75 million.
• Linde's recent quarterly earnings report showed $4.09 EPS, exceeding analysts' expectations of $4.03, and revenue of $8.50 billion, up 2.3% from the previous year.
• The company declared a quarterly dividend of $1.50 per share, representing a 1.3% dividend yield with a payout ratio of 42.67%.

Chicago Capital LLC trimmed its holdings in Linde PLC (NASDAQ:LIN - Free Report) by 85.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,737 shares of the basic materials company's stock after selling 21,232 shares during the period. Chicago Capital LLC's holdings in Linde were worth $1,753,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of LIN. North Capital Inc. bought a new position in Linde in the first quarter valued at approximately $25,000. Abound Financial LLC acquired a new stake in shares of Linde during the first quarter worth $41,000. eCIO Inc. bought a new stake in Linde in the 1st quarter valued at $45,000. Clal Insurance Enterprises Holdings Ltd boosted its stake in Linde by 445.0% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company's stock worth $51,000 after purchasing an additional 89 shares during the period. Finally, Nova Wealth Management Inc. bought a new position in Linde during the 1st quarter worth about $52,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Linde Stock Down 0.3%

LIN stock opened at $475.00 on Wednesday. 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 business has a 50 day moving average price of $474.80 and a two-hundred day moving average price of $464.19. The company has a market cap of $222.73 billion, a price-to-earnings ratio of 33.78, a P/E/G ratio of 3.15 and a beta of 0.95. Linde PLC has a twelve month low of $408.65 and a twelve month high of $487.49.

Linde (NASDAQ:LIN - Get Free Report) last announced 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 return on equity of 19.09% and a net margin of 20.20%.The company had revenue of $8.50 billion for the quarter, compared to analysts' expectations of $8.35 billion. During the same quarter in the prior year, the business posted $3.85 EPS. The business's 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. Analysts anticipate that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Thursday, September 4th. Linde's dividend payout ratio is presently 42.67%.

Insider Activity

In related news, Director Stephen F. Angel sold 50,309 shares of the firm's 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 completion of the sale, the director directly owned 480,543 shares in the company, valued at approximately $227,479,445.34. This trade represents a 9.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.70% of the company's stock.

Analyst Ratings Changes

LIN has been the topic of a number of research reports. UBS Group boosted their price target on Linde from $485.00 to $504.00 and gave the company a "neutral" rating in a report on Wednesday, July 9th. Citigroup upgraded 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 note on Monday, June 30th. JPMorgan Chase & Co. upped their price target on Linde from $470.00 to $475.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Finally, Royal Bank Of Canada assumed coverage on shares of Linde in a report on Friday, June 13th. They issued an "outperform" rating and a $576.00 price objective on the stock. Two equities research 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. Based on data from MarketBeat, Linde currently has an average rating of "Buy" and an average price target of $519.63.

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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