Cyrus J. Lawrence LLC Sells 18,761 Shares of Linde PLC $LIN

Key Points

• Cyrus J. Lawrence LLC significantly reduced its holdings in Linde PLC by selling 18,761 shares, resulting in a 94.7% decrease in its position during the first quarter.
• Despite the reduction by Cyrus J. Lawrence LLC, other institutional investors have been increasing their stakes in Linde, with the stock currently being held by 82.80% of institutional investors.
• Linde recently reported $4.09 earnings per share for the last quarter, exceeding analysts' expectations, and has announced a quarterly dividend of $1.50 per share.

Cyrus J. Lawrence LLC reduced its position in shares of Linde PLC (NASDAQ:LIN - Free Report) by 94.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,057 shares of the basic materials company's stock after selling 18,761 shares during the quarter. Linde makes up about 1.9% of Cyrus J. Lawrence LLC's holdings, making the stock its 27th biggest holding. Cyrus J. Lawrence LLC's holdings in Linde were worth $492,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LIN. Brighton Jones LLC bought a new stake in Linde during the 4th quarter valued at $2,752,000. Revolve Wealth Partners LLC raised its holdings in Linde by 14.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company's stock valued at $325,000 after buying an additional 96 shares during the last quarter. Bank Pictet & Cie Europe AG raised its holdings in Linde by 2.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 68,460 shares of the basic materials company's stock valued at $28,662,000 after buying an additional 1,876 shares during the last quarter. Focus Partners Advisor Solutions LLC raised its holdings in Linde by 80.4% during the 4th quarter. Focus Partners Advisor Solutions LLC now owns 2,253 shares of the basic materials company's stock valued at $943,000 after buying an additional 1,004 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its holdings in Linde by 2.1% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 37,986 shares of the basic materials company's stock valued at $15,903,000 after buying an additional 781 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on LIN. Royal Bank Of Canada assumed coverage on shares of Linde in a report on Friday, June 13th. They issued an "outperform" rating and a $576.00 price objective for the company. UBS Group upped their price objective on shares of Linde from $485.00 to $504.00 and gave the stock a "neutral" rating in a report on Wednesday, July 9th. Citigroup upgraded shares of Linde from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $500.00 to $535.00 in a report on Monday, June 30th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Linde from $470.00 to $475.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Linde currently has an average rating of "Buy" and an average price target of $519.63.

Linde Stock Down 0.8%

NASDAQ:LIN opened at $478.29 on Friday. The firm's 50-day moving average price is $471.33 and its 200-day moving average price is $461.92. The company has a market capitalization of $224.27 billion, a PE ratio of 34.02, a P/E/G ratio of 3.16 and a beta of 0.92. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.93 and a quick ratio of 0.78. Linde PLC has a 1-year low of $408.65 and a 1-year high of $487.49.

Linde (NASDAQ:LIN - Get Free Report) last released 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 firm had revenue of $8.50 billion for 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%. The company's revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.85 EPS. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. On average, equities analysts predict that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be given a $1.50 dividend. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.3%. Linde's dividend payout ratio is currently 42.67%.

Insider Buying and Selling at Linde

In other 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 directly owned 480,543 shares of the company's stock, valued at $227,479,445.34. This represents a 9.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.70% of the stock is owned by corporate insiders.

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.

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