Counterpoint Mutual Funds LLC Purchases Shares of 867 Linde PLC $LIN

Key Points

• Counterpoint Mutual Funds LLC acquired 867 shares of Linde PLC, worth approximately $407,000, during the second quarter.
• Analysts have positive outlooks for Linde, with price targets raised by firms such as JPMorgan Chase and UBS Group, indicating a consensus rating of "Buy" and an average target price of $519.63.
• Linde recently declared a quarterly dividend of $1.50 per share, leading to an annualized yield of 1.3%, with a payout ratio of 42.67%.

Counterpoint Mutual Funds LLC acquired a new position in Linde PLC (NASDAQ:LIN - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 867 shares of the basic materials company's stock, valued at approximately $407,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. North Capital Inc. acquired a new position in Linde during the 1st quarter worth $25,000. Capital A Wealth Management LLC bought a new position in shares of Linde in the fourth quarter worth about $37,000. Abound Financial LLC acquired a new position in shares of Linde during the 1st quarter worth about $41,000. eCIO Inc. acquired a new position in shares of Linde during the 1st quarter worth about $45,000. Finally, Clal Insurance Enterprises Holdings Ltd boosted its stake in Linde by 445.0% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company's stock valued at $51,000 after purchasing an additional 89 shares during the period. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. JPMorgan Chase & Co. lifted 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. UBS Group boosted their target price 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. Royal Bank Of Canada began coverage on shares of Linde in a report on Friday, June 13th. They issued an "outperform" rating and a $576.00 price target for the company. Finally, Citigroup upgraded shares of Linde from a "neutral" rating to a "buy" rating and raised their price target for the stock from $500.00 to $535.00 in a research report on Monday, June 30th. 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 stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $519.63.

Insider Activity at Linde

In related news, Director Stephen F. Angel sold 50,309 shares of the firm's 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 owned 480,543 shares of the company's stock, valued at $227,479,445.34. This trade represents a 9.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.70% of the stock is owned by company insiders.

Linde Price Performance

Shares of LIN stock opened at $479.94 on Wednesday. The stock's fifty day moving average is $473.89 and its 200-day moving average is $463.51. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.78 and a current ratio of 0.93. The stock has a market capitalization of $225.05 billion, a PE ratio of 34.14, a PEG ratio of 3.15 and a beta of 0.95. 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 announced its earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share for the quarter, beating analysts' consensus estimates of $4.03 by $0.06. The company had revenue of $8.50 billion during the quarter, compared to analyst estimates of $8.35 billion. Linde had a return on equity of 19.09% and a net margin of 20.20%.The firm's quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the company posted $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. Equities research analysts expect that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Announces Dividend

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

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.

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