ICONIQ Capital LLC Has $877,000 Position in Linde PLC $LIN

Key Points

• ICONIQ Capital LLC increased its stake in Linde PLC by 47.3%, bringing its total value to $877,000 after acquiring an additional 605 shares in Q1.
• Director Stephen F. Angel sold 50,309 shares of Linde stock for approximately $23.8 million, reducing his ownership by 9.48% to around 480,543 shares.
• Linde reported earnings per share of $4.09 for the last quarter, surpassing estimates and reflecting a year-over-year revenue growth of 2.3%.

ICONIQ Capital LLC increased its position in shares of Linde PLC (NASDAQ:LIN - Free Report) by 47.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,884 shares of the basic materials company's stock after buying an additional 605 shares during the quarter. ICONIQ Capital LLC's holdings in Linde were worth $877,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Strategy Asset Managers LLC grew its position in Linde by 2.8% during the first quarter. Strategy Asset Managers LLC now owns 834 shares of the basic materials company's stock worth $388,000 after buying an additional 23 shares in the last quarter. Diversify Advisory Services LLC grew its position in Linde by 2.5% during the first quarter. Diversify Advisory Services LLC now owns 999 shares of the basic materials company's stock worth $450,000 after buying an additional 24 shares in the last quarter. IFP Advisors Inc grew its position in 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 buying an additional 24 shares in the last quarter. Richards Merrill & Peterson Inc. grew its position in Linde by 3.0% during the first quarter. Richards Merrill & Peterson Inc. now owns 816 shares of the basic materials company's stock worth $380,000 after buying an additional 24 shares in the last quarter. Finally, Enterprise Financial Services Corp grew its position in Linde by 3.9% during the first quarter. Enterprise Financial Services Corp now owns 647 shares of the basic materials company's stock worth $301,000 after buying an additional 24 shares in the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Linde news, Director Stephen F. Angel sold 50,309 shares of Linde stock in a transaction that occurred on 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 sale, the director directly owned 480,543 shares of the company's stock, valued at approximately $227,479,445.34. The trade was a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.70% of the company's stock.

Linde Stock Up 0.2%

NASDAQ LIN opened at $481.67 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 0.49. The stock's 50 day moving average is $469.29 and its two-hundred day moving average is $461.18. The company has a market capitalization of $225.86 billion, a price-to-earnings ratio of 34.26, a PEG ratio of 3.18 and a beta of 0.92. Linde PLC has a 1-year low of $408.65 and a 1-year high of $487.49.

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 for the quarter, beating analysts' consensus estimates of $4.03 by $0.06. The company had revenue of $8.50 billion for the quarter, compared to the consensus estimate of $8.35 billion. Linde had a return on equity of 19.09% and a net margin of 20.20%.The company's quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the business earned $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. Equities analysts forecast that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, September 4th. Linde's payout ratio is presently 42.67%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on LIN shares. UBS Group lifted their target price on Linde from $485.00 to $504.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 9th. Royal Bank Of Canada started coverage on Linde in a research report on Friday, June 13th. They set an "outperform" rating and a $576.00 target price 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 research report on Monday, August 4th. Finally, Citigroup raised Linde from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $500.00 to $535.00 in a research report on Monday, June 30th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, Linde currently has an average rating of "Buy" and an average price target of $519.63.

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.

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