Exchange Traded Concepts LLC Lowers Position in Linde PLC $LIN

Key Points

• Exchange Traded Concepts LLC reduced its holdings in Linde PLC by 25.2%, selling 1,916 shares during the second quarter, leaving it with 5,691 shares valued at approximately $2.67 million.
• Linde PLC reported earnings per share of $4.09 for the last quarter, surpassing forecasts, with revenue reaching $8.5 billion, compared to analysts' expectations of $8.35 billion.
• The company’s recent dividend paid was $1.50 per share, leading to an annualized dividend of $6.00 and a yield of 1.3%.

Exchange Traded Concepts LLC decreased its position in Linde PLC (NASDAQ:LIN - Free Report) by 25.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,691 shares of the basic materials company's stock after selling 1,916 shares during the quarter. Exchange Traded Concepts LLC's holdings in Linde were worth $2,670,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Breakwater Capital Group increased its stake in shares of Linde by 2.3% in the second quarter. Breakwater Capital Group now owns 980 shares of the basic materials company's stock worth $460,000 after buying an additional 22 shares during the period. Strategy Asset Managers LLC grew its holdings in Linde by 2.8% in the 1st quarter. Strategy Asset Managers LLC now owns 834 shares of the basic materials company's stock worth $388,000 after acquiring an additional 23 shares during the last quarter. Diversify Advisory Services LLC raised its stake in shares of Linde by 2.5% during the first quarter. Diversify Advisory Services LLC now owns 999 shares of the basic materials company's stock valued at $450,000 after acquiring an additional 24 shares during the last quarter. IFP Advisors Inc boosted its holdings in shares of Linde by 0.8% during the first quarter. IFP Advisors Inc now owns 3,207 shares of the basic materials company's stock worth $1,493,000 after purchasing an additional 24 shares during the period. Finally, Richards Merrill & Peterson Inc. grew its stake in shares of Linde by 3.0% in the first quarter. Richards Merrill & Peterson Inc. now owns 816 shares of the basic materials company's stock worth $380,000 after purchasing an additional 24 shares during the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Linde Trading Down 0.3%

Shares of LIN stock traded down $1.25 during trading hours on Monday, reaching $477.76. 1,562,462 shares of the stock were exchanged, compared to its average volume of 2,037,353. The firm has a market capitalization of $224.03 billion, a price-to-earnings ratio of 33.98, a price-to-earnings-growth ratio of 3.16 and a beta of 0.95. Linde PLC has a 12-month low of $408.65 and a 12-month high of $487.49. The company's 50-day moving average price is $473.32 and its 200-day moving average price is $463.33. 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 (NASDAQ:LIN - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The basic materials company reported $4.09 earnings per share for the quarter, beating analysts' consensus estimates of $4.03 by $0.06. Linde had a net margin of 20.20% and a return on equity of 19.09%. The company had revenue of $8.50 billion during the quarter, compared to analyst estimates of $8.35 billion. During the same quarter last year, the business posted $3.85 EPS. The firm's revenue for the quarter was up 2.3% on a year-over-year basis. 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, equities analysts anticipate that Linde PLC will post 16.54 earnings per share for the current year.

Linde Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were issued a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Thursday, September 4th. Linde's dividend payout ratio is 42.67%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on LIN. Citigroup upgraded Linde from a "neutral" rating to a "buy" rating and upped their target price for the stock from $500.00 to $535.00 in a report on Monday, June 30th. Royal Bank Of Canada started coverage on Linde in a research note on Friday, June 13th. They issued an "outperform" rating and a $576.00 price target on the stock. JPMorgan Chase & Co. raised their price objective on Linde from $470.00 to $475.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Finally, UBS Group raised their price objective on Linde from $485.00 to $504.00 and gave the company a "neutral" rating in a research report on Wednesday, July 9th. Two research 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. According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of $519.63.

Insider Buying and Selling at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of the business's stock in a transaction dated 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 transaction, the director 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 filing with the SEC, which is available through the SEC website. 0.70% of the stock is owned by insiders.

Linde 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.