Concentric Capital Strategies LP Has $15.12 Million Stock Position in Linde PLC $LIN

Key Points

• Concentric Capital Strategies LP has increased its stake in Linde PLC by 64.6%, owning 32,476 shares worth approximately $15.1 million, with Linde representing 1.4% of its overall holdings.
• Notable insider activity includes Director Stephen F. Angel selling over 50,000 shares, resulting in a 9.48% decrease in his position, valued at approximately $227.5 million post-transaction.
• Analysts generally hold a positive outlook on Linde, with an average target price of $519.63, and multiple firms recently upgraded their ratings, reflecting confidence in the company's financial performance.

Concentric Capital Strategies LP grew its stake in Linde PLC (NASDAQ:LIN - Free Report) by 64.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,476 shares of the basic materials company's stock after acquiring an additional 12,746 shares during the period. Linde accounts for approximately 1.4% of Concentric Capital Strategies LP's holdings, making the stock its 12th largest position. Concentric Capital Strategies LP's holdings in Linde were worth $15,122,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. North Capital Inc. bought a new position in shares of Linde in the 1st quarter valued at about $25,000. Putney Financial Group LLC bought a new position in shares of Linde in the 4th quarter valued at about $31,000. Dunhill Financial LLC bought a new position in shares of Linde in the 4th quarter valued at about $34,000. Abound Financial LLC bought a new position in shares of Linde in the 1st quarter valued at about $41,000. Finally, Capital A Wealth Management LLC bought a new position in shares of Linde in the 4th quarter valued at about $37,000. Institutional investors own 82.80% of the company's stock.

Linde Stock Performance

Shares of NASDAQ:LIN traded down $2.87 during trading on Friday, reaching $469.52. 1,066,218 shares of the stock were exchanged, compared to its average volume of 1,493,888. Linde PLC has a 12 month low of $408.65 and a 12 month high of $487.49. The firm has a market cap of $220.16 billion, a PE ratio of 33.39, a PEG ratio of 3.10 and a beta of 0.95. The stock has a 50-day moving average price of $472.43 and a 200-day moving average price of $462.36. 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 (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 return on equity of 19.09% and a net margin of 20.20%.The company had revenue of $8.50 billion during the quarter, compared to analysts' expectations of $8.35 billion. During the same quarter in the previous year, the company posted $3.85 earnings per share. The business's 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. Research analysts expect 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 will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be given 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 is Thursday, September 4th. Linde's payout ratio is presently 42.67%.

Insider Buying and Selling at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of Linde stock in a transaction that occurred on 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. The trade was a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.70% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on LIN. Royal Bank Of Canada started coverage on Linde in a report on Friday, June 13th. They issued an "outperform" rating and a $576.00 price objective for the company. Citigroup upgraded Linde from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $500.00 to $535.00 in a report on Monday, June 30th. UBS Group lifted 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. Finally, JPMorgan Chase & Co. lifted 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 equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Linde currently has an average rating of "Buy" and a consensus price target of $519.63.

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.