CW Advisors LLC Has $19.86 Million Stock Position in Linde PLC $LIN

Key Points

• CW Advisors LLC has increased its stake in Linde PLC by 8.6%, now owning a total of 42,668 shares valued at approximately $19.86 million.
• Analysts have shown a positive outlook for Linde, with Citigroup raising its rating to "buy" and increasing the price target to $535, while the current average target price is $519.63.
• Linde recently announced a quarterly dividend of $1.50 per share, yielding 1.2%, and has a projected annual dividend payout ratio of 42.67%.

CW Advisors LLC raised its stake in Linde PLC (NASDAQ:LIN - Free Report) by 8.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,668 shares of the basic materials company's stock after acquiring an additional 3,390 shares during the quarter. CW Advisors LLC's holdings in Linde were worth $19,857,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Prosperity Consulting Group LLC lifted its stake in Linde by 4.5% in the 4th quarter. Prosperity Consulting Group LLC now owns 7,788 shares of the basic materials company's stock valued at $3,261,000 after purchasing an additional 332 shares during the last quarter. AlTi Global Inc. acquired a new stake in shares of Linde during the 4th quarter valued at $971,000. Truist Financial Corp grew its position in Linde by 75.0% during the 1st quarter. Truist Financial Corp now owns 193,563 shares of the basic materials company's stock worth $90,131,000 after acquiring an additional 82,952 shares during the last quarter. Freedom Day Solutions LLC grew its position in Linde by 9.6% during the 1st quarter. Freedom Day Solutions LLC now owns 6,102 shares of the basic materials company's stock worth $2,841,000 after acquiring an additional 535 shares during the last quarter. Finally, Castlekeep Investment Advisors LLC acquired a new position in Linde in the 4th quarter worth about $468,360,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on LIN shares. Citigroup raised Linde from a "neutral" rating to a "buy" rating and lifted their price target for the company from $500.00 to $535.00 in a research note on Monday, June 30th. UBS Group lifted 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. JPMorgan Chase & Co. upped their price target on shares of Linde from $470.00 to $475.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Finally, Royal Bank Of Canada assumed coverage on shares of Linde in a research note on Friday, June 13th. They set an "outperform" rating and a $576.00 price target for the company. 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 company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $519.63.

Insider Buying and Selling

In other Linde news, Director Stephen F. Angel sold 50,309 shares of Linde stock in a transaction that occurred on Thursday, August 7th. The stock was 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.70% of the stock is owned by corporate insiders.

Linde Trading Up 0.2%

Shares of NASDAQ LIN traded up $0.96 during midday trading on Friday, reaching $481.67. The stock had a trading volume of 1,782,492 shares, compared to its average volume of 1,458,979. The company's 50 day moving average price is $469.29 and its 200 day moving average price is $461.18. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.78 and a current ratio of 0.93. Linde PLC has a twelve month low of $408.65 and a twelve month high of $487.49. The firm has a market cap of $225.86 billion, a price-to-earnings ratio of 34.26, a price-to-earnings-growth ratio of 3.18 and a beta of 0.92.

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, topping analysts' consensus estimates 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 net margin of 20.20% and a return on equity of 19.09%. Linde's quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter last 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, sell-side analysts expect that Linde PLC will post 16.54 EPS for the current year.

Linde Dividend Announcement

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 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 dividend yield of 1.2%. Linde's dividend payout ratio is presently 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.