Ieq Capital LLC Has $10.73 Million Stock Position in Linde PLC $LIN

Key Points

• Ieq Capital LLC increased its position in Linde PLC by 10.8%, owning over 23,000 shares valued at approximately $10.73 million.
• Several institutional investors, including Caisse DE Depot ET Placement DU Quebec, have also significantly increased their stakes in Linde during the first quarter.
• Linde reported a strong quarterly earnings result with $4.09 earnings per share, exceeding analyst expectations, along with a quarterly revenue of $8.50 billion.

Ieq Capital LLC boosted its position in shares of Linde PLC (NASDAQ:LIN - Free Report) by 10.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,032 shares of the basic materials company's stock after purchasing an additional 2,243 shares during the period. Ieq Capital LLC's holdings in Linde were worth $10,725,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Warwick Investment Management Inc. acquired a new stake in shares of Linde in the first quarter worth about $233,000. Quadcap Wealth Management LLC acquired a new stake in shares of Linde in the first quarter worth about $240,000. Gamco Investors INC. ET AL acquired a new stake in shares of Linde in the first quarter worth about $220,000. Samalin Investment Counsel LLC lifted its position in shares of Linde by 10.9% in the first quarter. Samalin Investment Counsel LLC now owns 1,145 shares of the basic materials company's stock worth $533,000 after buying an additional 113 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its position in shares of Linde by 35.7% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 277,288 shares of the basic materials company's stock worth $129,116,000 after buying an additional 72,961 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company's stock.

Analyst Upgrades and Downgrades

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

Linde Stock Up 0.2%

NASDAQ LIN opened at $482.71 on Thursday. 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 $470.42 and its two-hundred day moving average is $461.63. The company has a market capitalization of $226.35 billion, a price-to-earnings ratio of 34.33, 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 firm also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be issued a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, September 4th. Linde's payout ratio is presently 42.67%.

Insider Activity at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of the business's stock in a transaction that occurred on 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 transaction, the director directly 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.70% of the stock is owned by insiders.

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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