Cresset Asset Management LLC Has $13.55 Million Stock Holdings in Linde PLC $LIN

Key Points

• Cresset Asset Management LLC reduced its stake in Linde PLC by 12.1% during the first quarter, now owning 29,097 shares worth approximately $13.55 million.
• Linde reported earnings of $4.09 per share for the last quarter, exceeding analysts' expectations of $4.03, with revenues of $8.50 billion.
• The company declared a quarterly dividend of $1.50 per share, resulting in an annualized dividend of $6.00 and a yield of 1.2%.

Cresset Asset Management LLC decreased its holdings in Linde PLC (NASDAQ:LIN - Free Report) by 12.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 29,097 shares of the basic materials company's stock after selling 4,010 shares during the quarter. Cresset Asset Management LLC's holdings in Linde were worth $13,549,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Capital World Investors raised its holdings in shares of Linde by 34.4% during the fourth quarter. Capital World Investors now owns 11,547,765 shares of the basic materials company's stock valued at $4,834,631,000 after acquiring an additional 2,957,604 shares during the last quarter. Capital Research Global Investors lifted its holdings in Linde by 6.4% during the 4th quarter. Capital Research Global Investors now owns 9,214,290 shares of the basic materials company's stock worth $3,857,741,000 after buying an additional 554,480 shares during the last quarter. Freemont Capital Pte Ltd purchased a new stake in shares of Linde in the 4th quarter valued at about $2,128,233,000. Northern Trust Corp increased its position in Linde by 11.3% in the 4th quarter. Northern Trust Corp now owns 4,925,322 shares of the basic materials company's stock valued at $2,062,085,000 after acquiring an additional 500,489 shares during the period. Finally, Nuveen LLC acquired a new position in Linde in the 1st quarter valued at about $2,097,793,000. Institutional investors and hedge funds own 82.80% of the company's stock.

Linde Stock Performance

Shares of NASDAQ LIN traded down $1.65 during midday trading on Thursday, hitting $480.71. 1,238,426 shares of the company's stock were exchanged, compared to its average volume of 2,063,729. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.93 and a quick ratio of 0.78. The stock's 50 day moving average price is $468.77 and its 200-day moving average price is $460.76. The firm has a market cap of $225.41 billion, a P/E ratio of 34.19, a PEG ratio of 3.17 and a beta of 0.92. Linde PLC has a twelve month low of $408.65 and a twelve month high of $487.49.

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 the consensus estimate of $4.03 by $0.06. The business had revenue of $8.50 billion during the quarter, compared to the consensus estimate 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 period in the previous year, the firm 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 anticipate that Linde PLC will post 16.54 EPS for the current year.

Linde Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be given a dividend of $1.50 per share. 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 42.67%.

Insider Transactions at Linde

In other Linde news, Director Stephen F. Angel sold 50,309 shares of the business's stock in a transaction 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 directly owned 480,543 shares of the company's stock, valued at $227,479,445.34. The trade was a 9.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on LIN shares. UBS Group boosted their target price on Linde from $485.00 to $504.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 9th. Citigroup upgraded Linde from a "neutral" rating to a "buy" rating and upped their price target for the stock from $500.00 to $535.00 in a report on Monday, June 30th. JPMorgan Chase & Co. upped 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. Finally, Royal Bank Of Canada initiated coverage on Linde in a report on Friday, June 13th. They issued an "outperform" rating and a $576.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $519.63.

Linde Company 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.