Coppell Advisory Solutions LLC Acquires 2,752 Shares of Linde PLC $LIN

Key Points

• Coppell Advisory Solutions LLC significantly increased its stake in Linde PLC by 7,644.4% in Q1, owning 2,788 shares worth $1.26 million after acquiring an additional 2,752 shares.
• Multiple analysts have recently given Linde positive ratings, with JPMorgan raising its target price to $475.00 and Citigroup upgrading it to a buy rating with a price target of $535.00.
• Linde announced a quarterly dividend of $1.50 per share, representing an annualized dividend of $6.00, and is set to be paid on September 18th.

Coppell Advisory Solutions LLC increased its position in Linde PLC (NASDAQ:LIN - Free Report) by 7,644.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,788 shares of the basic materials company's stock after buying an additional 2,752 shares during the period. Coppell Advisory Solutions LLC's holdings in Linde were worth $1,256,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Meiji Yasuda Asset Management Co Ltd. increased its holdings in shares of Linde by 25.9% during the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 23,558 shares of the basic materials company's stock valued at $10,970,000 after acquiring an additional 4,839 shares in the last quarter. Signature Estate & Investment Advisors LLC grew its position in Linde by 19.2% in the 1st quarter. Signature Estate & Investment Advisors LLC now owns 572 shares of the basic materials company's stock valued at $266,000 after purchasing an additional 92 shares during the period. CTC Alternative Strategies Ltd. bought a new stake in Linde during the 1st quarter valued at $233,000. Ashton Thomas Private Wealth LLC raised its holdings in Linde by 29.8% during the first quarter. Ashton Thomas Private Wealth LLC now owns 6,630 shares of the basic materials company's stock worth $3,087,000 after buying an additional 1,522 shares during the last quarter. Finally, Kestra Investment Management LLC raised its holdings in Linde by 28.2% during the first quarter. Kestra Investment Management LLC now owns 2,544 shares of the basic materials company's stock worth $1,185,000 after buying an additional 559 shares during the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Linde

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. Company insiders own 0.70% of the company's stock.

Analysts Set New Price Targets

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

Linde Stock Performance

Shares of LIN stock traded down $1.55 during trading on Friday, hitting $482.04. The company's stock had a trading volume of 2,069,711 shares, compared to its average volume of 1,617,354. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 0.49. The company has a market cap of $226.03 billion, a PE ratio of 34.28, a P/E/G ratio of 3.19 and a beta of 0.95. The business has a fifty day moving average of $472.66 and a 200-day moving average of $462.90. Linde PLC has a 52 week low of $408.65 and a 52 week high of $487.49.

Linde (NASDAQ:LIN - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The basic materials company reported $4.09 earnings per share for the quarter, topping the consensus estimate of $4.03 by $0.06. The business had revenue of $8.50 billion for the quarter, compared to analysts' expectations of $8.35 billion. Linde had a return on equity of 19.09% and a net margin of 20.20%.The business's revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.85 earnings per share. 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, research analysts anticipate that Linde PLC will post 16.54 earnings per share for the current year.

Linde Announces Dividend

The business also recently declared 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. The ex-dividend date is Thursday, September 4th. This represents a $6.00 annualized dividend and a yield of 1.2%. Linde's dividend payout ratio is presently 42.67%.

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.