Generali Asset Management SPA SGR Lowers Position in Linde PLC $LIN

Key Points

• Generali Asset Management SPA SGR reduced its position in Linde PLC by 43.4%, owning 39,455 shares after selling 30,267 during the second quarter, valued at $18,511,000.
• Equities research analysts generally have a positive outlook for Linde, with an average rating of "Buy" and a consensus price target of $520.
• Linde announced a quarterly dividend of $1.50, representing an annualized dividend yield of 1.3%, with a current payout ratio of 42.67%.

Generali Asset Management SPA SGR trimmed its position in shares of Linde PLC (NASDAQ:LIN - Free Report) by 43.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 39,455 shares of the basic materials company's stock after selling 30,267 shares during the quarter. Generali Asset Management SPA SGR's holdings in Linde were worth $18,511,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC bought a new position in Linde in the fourth quarter worth $2,752,000. Revolve Wealth Partners LLC grew its position in shares of Linde by 14.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company's stock worth $325,000 after buying an additional 96 shares during the period. GAMMA Investing LLC grew its position in shares of Linde by 25.4% in the 1st quarter. GAMMA Investing LLC now owns 7,336 shares of the basic materials company's stock worth $3,416,000 after buying an additional 1,488 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of Linde by 6.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 61,427 shares of the basic materials company's stock worth $28,603,000 after acquiring an additional 3,838 shares in the last quarter. Finally, Exchange Traded Concepts LLC lifted its position in Linde by 20.9% during the 1st quarter. Exchange Traded Concepts LLC now owns 7,607 shares of the basic materials company's stock valued at $3,542,000 after acquiring an additional 1,316 shares during the period. Institutional investors own 82.80% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Citigroup upped their price objective on shares of Linde from $530.00 to $535.00 and gave the stock a "buy" rating in a report on Monday, October 6th. Weiss Ratings reissued a "buy (b)" rating on shares of Linde in a research report on Wednesday, October 8th. 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 lowered their price objective on Linde from $510.00 to $507.00 and set a "neutral" rating for the company in a research note on Monday, October 6th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Linde has an average rating of "Buy" and a consensus price target of $520.00.

Insider Buying and Selling

In other news, Director Stephen F. Angel sold 50,309 shares of the firm's stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $473.38, for a total transaction of $23,815,274.42. Following the sale, the director owned 480,543 shares of the company's stock, valued at $227,479,445.34. This trade represents a 9.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.70% of the company's stock.

Linde Price Performance

Shares of LIN opened at $459.25 on Wednesday. Linde PLC has a twelve month low of $408.65 and a twelve month high of $487.49. The company has a market capitalization of $215.35 billion, a P/E ratio of 32.66, a price-to-earnings-growth ratio of 3.02 and a beta of 0.93. The firm has a 50 day moving average of $474.02 and a 200 day moving average of $464.46. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 0.49.

Linde (NASDAQ:LIN - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The basic materials company reported $4.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.03 by $0.06. The business had revenue of $8.50 billion for the quarter, compared to analysts' expectations of $8.35 billion. Linde had a return on equity of 19.09% and a net margin of 20.20%.The firm's quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the prior 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, equities research analysts anticipate that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Announces Dividend

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

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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