Corient IA LLC purchased a new position in shares of Linde PLC (NASDAQ:LIN - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,250 shares of the basic materials company's stock, valued at approximately $1,048,000. Linde makes up 0.7% of Corient IA LLC's holdings, making the stock its 17th largest holding.
Other institutional investors also recently modified their holdings of the company. North Capital Inc. acquired a new stake in Linde in the first quarter valued at $25,000. Putney Financial Group LLC bought a new stake in Linde during the fourth quarter valued at $31,000. Dunhill Financial LLC bought a new stake in Linde during the fourth quarter valued at $34,000. Capital A Wealth Management LLC bought a new stake in Linde during the fourth quarter valued at $37,000. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new stake in Linde during the fourth quarter valued at $41,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.
Linde Stock Up 0.5%
Shares of LIN traded up $2.22 on Friday, reaching $482.93. The company's stock had a trading volume of 805,016 shares, compared to its average volume of 2,055,727. 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 PLC has a twelve month low of $408.65 and a twelve month high of $487.49. The stock has a market capitalization of $226.45 billion, a PE ratio of 34.36, a PEG ratio of 3.18 and a beta of 0.92. The firm has a fifty day moving average of $468.98 and a 200-day moving average of $460.94.
Linde (NASDAQ:LIN - Get Free Report) last posted its earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share 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 company had revenue of $8.50 billion for the quarter, compared to analyst estimates of $8.35 billion. During the same quarter in the prior year, the business posted $3.85 EPS. The firm'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. Equities analysts predict that Linde PLC will post 16.54 EPS for the current year.
Linde Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, September 4th. Linde's dividend payout ratio is currently 42.67%.
Analyst Ratings Changes
A number of analysts have commented on LIN shares. Royal Bank Of Canada started coverage on shares of Linde in a research report on Friday, June 13th. They set an "outperform" rating and a $576.00 price target on the stock. Citigroup raised shares of Linde from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $500.00 to $535.00 in a research report on Monday, June 30th. JPMorgan Chase & Co. increased their price objective on shares of Linde from $470.00 to $475.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Finally, UBS Group increased their price objective on shares of Linde from $485.00 to $504.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Linde presently has an average rating of "Buy" and a consensus target price of $519.63.
View Our Latest Report on LIN
Insider Buying and Selling at Linde
In related news, Director Stephen F. Angel sold 50,309 shares of the company'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 sale, the director owned 480,543 shares in the company, valued at $227,479,445.34. This represents a 9.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.70% of the stock is owned by corporate insiders.
About Linde
(
Free Report)
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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