D L Carlson Investment Group Inc. Acquires New Holdings in Linde PLC $LIN

Key Points

• D L Carlson Investment Group Inc. acquired a new stake in Linde PLC, purchasing 4,580 shares valued at approximately $2.13 million.
• Linde's quarterly earnings report showed $4.09 EPS, exceeding analysts' estimates and marking a 2.3% revenue increase year-over-year.
• The company announced a quarterly dividend of $1.50 per share, translating to an annualized dividend yield of 1.2%.

D L Carlson Investment Group Inc. acquired a new stake in shares of Linde PLC (NASDAQ:LIN - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,580 shares of the basic materials company's stock, valued at approximately $2,133,000.

Several other hedge funds also recently bought and sold shares of the company. Freemont Capital Pte Ltd bought a new stake in Linde during the fourth quarter valued at approximately $2,128,233,000. Nuveen LLC purchased a new stake in shares of Linde in the 1st quarter valued at $2,097,793,000. GAMMA Investing LLC boosted its stake in shares of Linde by 58,312.0% in the 1st quarter. GAMMA Investing LLC now owns 3,415,935 shares of the basic materials company's stock valued at $1,590,596,000 after purchasing an additional 3,410,087 shares in the last quarter. Deutsche Bank AG boosted its position in Linde by 172.4% during the 1st quarter. Deutsche Bank AG now owns 2,407,637 shares of the basic materials company's stock valued at $1,121,092,000 after buying an additional 1,523,702 shares during the period. Finally, Wellington Management Group LLP boosted its position in Linde by 18.6% during the 1st quarter. Wellington Management Group LLP now owns 7,542,991 shares of the basic materials company's stock valued at $3,511,751,000 after buying an additional 1,182,157 shares during the period. Hedge funds and other institutional investors own 82.80% of the company's stock.

Linde Stock Performance

Shares of NASDAQ LIN opened at $481.92 on Wednesday. The firm's 50-day moving average price is $469.94 and its 200-day moving average price is $461.48. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 0.49. The company has a market cap of $225.98 billion, a PE ratio of 34.28, a PEG ratio of 3.16 and a beta of 0.92. 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 quarterly earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share (EPS) for the quarter, beating 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 business's quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the firm posted $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. As a group, analysts anticipate that Linde PLC will post 16.54 EPS for the current year.

Linde Announces Dividend

The firm also recently disclosed 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. 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 1.2%. Linde's dividend payout ratio (DPR) is presently 42.67%.

Analyst Ratings Changes

LIN has been the subject of several analyst reports. Citigroup raised shares of Linde from a "neutral" rating to a "buy" rating and increased their price target for the company from $500.00 to $535.00 in a research report on Monday, June 30th. 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. 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 issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $519.63.

Insider Activity

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 transaction, the director owned 480,543 shares of the company's stock, valued at approximately $227,479,445.34. This trade represents a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.70% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.