Groupama Asset Managment Buys 7,150 Shares of Linde PLC $LIN

Key Points

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Groupama Asset Managment increased its holdings in shares of Linde PLC (NASDAQ:LIN - Free Report) by 32.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 29,385 shares of the basic materials company's stock after buying an additional 7,150 shares during the quarter. Groupama Asset Managment's holdings in Linde were worth $13,491,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Van Lanschot Kempen Investment Management N.V. boosted its position in Linde by 1.2% in the first quarter. Van Lanschot Kempen Investment Management N.V. now owns 48,831 shares of the basic materials company's stock valued at $22,738,000 after buying an additional 575 shares in the last quarter. Berkshire Asset Management LLC PA boosted its holdings in shares of Linde by 3.0% during the 1st quarter. Berkshire Asset Management LLC PA now owns 893 shares of the basic materials company's stock valued at $405,000 after acquiring an additional 26 shares in the last quarter. Legacy Financial Advisors Inc. grew its position in Linde by 5.3% during the 1st quarter. Legacy Financial Advisors Inc. now owns 1,952 shares of the basic materials company's stock worth $909,000 after acquiring an additional 99 shares during the last quarter. GSG Advisors LLC acquired a new position in Linde in the 1st quarter worth about $205,000. Finally, Wellington Management Group LLP raised its position in Linde by 18.6% in the first 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 purchasing an additional 1,182,157 shares during the last quarter. Institutional investors own 82.80% of the company's stock.

Wall Street Analysts Forecast Growth

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

Linde Trading Up 0.2%

Shares of Linde stock traded up $0.96 on Friday, reaching $481.67. 1,782,492 shares of the company's stock were exchanged, compared to its average volume of 2,062,129. The firm's 50-day moving average is $468.98 and its two-hundred day moving average is $460.94. The company has a market capitalization of $225.86 billion, a P/E ratio of 34.26, a price-to-earnings-growth ratio of 3.18 and a beta of 0.92. 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 PLC has a 52 week low of $408.65 and a 52 week high of $487.49.

Linde (NASDAQ:LIN - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share for the quarter, beating the consensus estimate of $4.03 by $0.06. The firm had revenue of $8.50 billion during 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 revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.85 earnings per share. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. Sell-side analysts predict that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Announces Dividend

The company also recently announced 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. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, September 4th. Linde's dividend payout ratio (DPR) is currently 42.67%.

Insider Transactions at Linde

In other Linde news, Director Stephen F. Angel sold 50,309 shares of the business's stock in a transaction on 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 completion of the sale, the director owned 480,543 shares in the company, valued at approximately $227,479,445.34. The trade was a 9.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.70% of the company's stock.

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.