DRW Securities LLC Has $605,000 Stake in Linde PLC $LIN

Key Points

• DRW Securities LLC significantly reduced its stake in Linde PLC by 70.8%, lowering its holdings to 1,300 shares, worth approximately $605,000.
• Multiple hedge funds have recently increased their investments in Linde, with notable purchases including Freemont Capital and Nuveen LLC, indicating strong institutional interest in the company.
• Linde announced a quarterly dividend of $1.50 per share, which will be paid on September 18th, contributing to an annualized dividend yield of 1.3%.

DRW Securities LLC decreased its position in Linde PLC (NASDAQ:LIN - Free Report) by 70.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,300 shares of the basic materials company's stock after selling 3,150 shares during the quarter. DRW Securities LLC's holdings in Linde were worth $605,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD raised its position in shares of Linde by 5.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,600,297 shares of the basic materials company's stock worth $4,470,284,000 after purchasing an additional 453,108 shares during the period. Wellington Management Group LLP raised its position in shares of Linde by 18.6% during the first quarter. Wellington Management Group LLP now owns 7,542,991 shares of the basic materials company's stock worth $3,511,751,000 after purchasing an additional 1,182,157 shares during the period. Freemont Capital Pte Ltd acquired a new stake in shares of Linde during the fourth quarter worth $2,128,233,000. Nuveen LLC acquired a new stake in shares of Linde during the first quarter worth $2,097,793,000. Finally, Invesco Ltd. raised its position in shares of Linde by 1.1% during the first quarter. Invesco Ltd. now owns 3,859,539 shares of the basic materials company's stock worth $1,797,156,000 after purchasing an additional 40,931 shares during the period. Institutional investors and hedge funds own 82.80% of the company's stock.

Linde Stock Up 0.1%

LIN stock traded up $0.61 during mid-day trading on Thursday, hitting $472.39. The stock had a trading volume of 1,480,849 shares, compared to its average volume of 2,047,916. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 0.49. Linde PLC has a 1-year low of $408.65 and a 1-year high of $487.49. The company has a fifty day moving average of $472.16 and a 200 day moving average of $462.22. The stock has a market capitalization of $221.51 billion, a price-to-earnings ratio of 33.60, a PEG ratio of 3.16 and a beta of 0.95.

Linde (NASDAQ:LIN - Get Free Report) last issued its earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share for the quarter, topping the consensus estimate of $4.03 by $0.06. Linde had a return on equity of 19.09% and a net margin of 20.20%.The company had revenue of $8.50 billion for the quarter, compared to analyst estimates of $8.35 billion. During the same period in the prior year, the firm posted $3.85 EPS. The business's revenue was up 2.3% compared to the same quarter last year. 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 expect that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Dividend Announcement

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 issued a dividend of $1.50 per share. 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%.

Analyst Upgrades and Downgrades

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

Insider Activity at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of the stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $473.38, for a total transaction 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 represents a 9.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.70% of the company's stock.

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.