Compagnie Lombard Odier SCmA Sells 26,456 Shares of Linde PLC $LIN

Key Points

• Compagnie Lombard Odier SCmA has reduced its holdings in Linde PLC by 5.4%, selling 26,456 shares and maintaining 465,161 shares, which represents approximately 2.9% of its total holdings.
• Linde reported $4.09 earnings per share for its latest quarter, exceeding the consensus estimate of $4.03, with revenue reaching $8.50 billion.
• The company declared a quarterly dividend of $1.50 per share, amounting to an annualized dividend of $6.00 and a yield of 1.3%, with a payout ratio of 42.67%.

Compagnie Lombard Odier SCmA reduced its holdings in Linde PLC (NASDAQ:LIN - Free Report) by 5.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 465,161 shares of the basic materials company's stock after selling 26,456 shares during the quarter. Linde makes up approximately 2.9% of Compagnie Lombard Odier SCmA's holdings, making the stock its 8th largest holding. Compagnie Lombard Odier SCmA owned about 0.10% of Linde worth $218,244,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. North Capital Inc. bought a new position in Linde in the 1st quarter worth approximately $25,000. Putney Financial Group LLC bought a new position in Linde in the 4th quarter worth approximately $31,000. Abound Financial LLC bought a new stake in shares of Linde during the 1st quarter valued at $41,000. Capital A Wealth Management LLC bought a new stake in shares of Linde during the 4th quarter valued at $37,000. Finally, eCIO Inc. bought a new stake in shares of Linde during the 1st quarter valued at $45,000. Institutional investors own 82.80% of the company's stock.

Linde Stock Down 0.3%

Linde stock opened at $477.76 on Tuesday. The stock has a market cap of $224.03 billion, a P/E ratio of 33.98, a P/E/G ratio of 3.16 and a beta of 0.95. 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 PLC has a twelve month low of $408.65 and a twelve month high of $487.49. The company's 50-day moving average price is $473.50 and its two-hundred day moving average price is $463.39.

Linde (NASDAQ:LIN - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share for the quarter, beating the consensus estimate of $4.03 by $0.06. The firm had revenue of $8.50 billion for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period in the prior year, the firm earned $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. As a group, analysts expect that Linde PLC will post 16.54 EPS for the current year.

Linde Dividend Announcement

The company 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 annualized dividend and a dividend yield of 1.3%. Linde's dividend payout ratio (DPR) is currently 42.67%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. UBS Group upped their target price on shares of Linde from $485.00 to $504.00 and gave the company a "neutral" rating in a research report on Wednesday, July 9th. JPMorgan Chase & Co. upped their target price on shares of Linde from $470.00 to $475.00 and gave the company 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 target price for the company. Finally, Citigroup upgraded shares of Linde from a "neutral" rating to a "buy" rating and upped 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 issued a Hold rating to the company's stock. According to MarketBeat.com, Linde presently has an average rating of "Buy" and an average target price of $519.63.

Insider Activity

In related news, Director Stephen F. Angel sold 50,309 shares of the stock in a transaction that occurred on 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 sale, the director 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 transaction 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.

Linde 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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