Fort Washington Investment Advisors Inc. OH Has $39.89 Million Position in Linde PLC $LIN

Key Points

• Fort Washington Investment Advisors Inc. OH increased its stake in Linde PLC by 1.6%, holding 85,024 shares valued at approximately $39.89 million.
• Linde reported a quarterly earnings per share (EPS) of $4.09, surpassing analysts' expectations, with revenue reaching $8.50 billion, a 2.3% increase year-over-year.
• The company announced a quarterly dividend of $1.50, representing an annualized dividend yield of 1.3% and a payout ratio of 42.67%.

Fort Washington Investment Advisors Inc. OH boosted its position in shares of Linde PLC (NASDAQ:LIN - Free Report) by 1.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 85,024 shares of the basic materials company's stock after buying an additional 1,357 shares during the quarter. Fort Washington Investment Advisors Inc. OH's holdings in Linde were worth $39,892,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of LIN. North Capital Inc. acquired a new position in Linde during the 1st quarter worth $25,000. Abound Financial LLC acquired a new position in Linde during the 1st quarter worth $41,000. eCIO Inc. acquired a new position in Linde during the 1st quarter worth $45,000. Clal Insurance Enterprises Holdings Ltd lifted its holdings in Linde by 445.0% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company's stock worth $51,000 after buying an additional 89 shares in the last quarter. Finally, Nova Wealth Management Inc. acquired a new position in Linde during the 1st quarter worth $52,000. Institutional investors and hedge funds own 82.80% of the company's stock.

Linde Stock Performance

Shares of Linde stock opened at $474.41 on Friday. The firm has a fifty day moving average of $474.62 and a two-hundred day moving average of $463.89. The stock has a market capitalization of $222.46 billion, a price-to-earnings ratio of 33.74, a PEG ratio of 3.13 and a beta of 0.95. Linde PLC has a 52 week low of $408.65 and a 52 week high of $487.49. 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 (NASDAQ:LIN - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The basic materials company reported $4.09 EPS 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 business had revenue of $8.50 billion during the quarter, compared to analysts' expectations of $8.35 billion. During the same quarter in the prior year, the company earned $3.85 EPS. The firm's quarterly revenue 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 research analysts predict that Linde PLC will post 16.54 EPS for the current year.

Linde Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were given a $1.50 dividend. The ex-dividend date was 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 Activity at Linde

In related news, Director Stephen F. Angel sold 50,309 shares of the company's stock in a transaction 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 completion of the sale, the director owned 480,543 shares in the company, 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 at this link. 0.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on LIN. Citigroup raised 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. UBS Group upped their target price on shares of Linde from $485.00 to $504.00 and gave the company a "neutral" rating in a research report on Wednesday, July 9th. Royal Bank Of Canada started coverage on shares of Linde in a research report on Friday, June 13th. They set an "outperform" rating and a $576.00 target price for the company. Finally, JPMorgan Chase & Co. upped their target price 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. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $519.63.

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.

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