Intech Investment Management LLC Cuts Stake in Linde PLC $LIN

Key Points

• Intech Investment Management LLC reduced its position in Linde PLC by 13.3%, now holding 48,851 shares valued at approximately $22.7 million after selling 7,509 shares in Q1.
• Linde recently reported quarterly earnings of $4.09 per share, exceeding analysts' expectations, with revenues reaching $8.50 billion for the period.
• The company announced a quarterly dividend of $1.50 per share, representing an annualized yield of 1.3%, to be paid on September 18th to shareholders on record as of September 4th.

Intech Investment Management LLC trimmed its holdings in shares of Linde PLC (NASDAQ:LIN - Free Report) by 13.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 48,851 shares of the basic materials company's stock after selling 7,509 shares during the period. Intech Investment Management LLC's holdings in Linde were worth $22,747,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of LIN. Brighton Jones LLC bought a new position in shares of Linde during the 4th quarter valued at $2,752,000. Revolve Wealth Partners LLC lifted its holdings in shares of Linde by 14.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company's stock valued at $325,000 after buying an additional 96 shares during the period. Bank Pictet & Cie Europe AG lifted its holdings in shares of Linde by 2.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 68,460 shares of the basic materials company's stock valued at $28,662,000 after buying an additional 1,876 shares during the period. Focus Partners Advisor Solutions LLC lifted its holdings in shares of Linde by 80.4% during the 4th quarter. Focus Partners Advisor Solutions LLC now owns 2,253 shares of the basic materials company's stock valued at $943,000 after buying an additional 1,004 shares during the period. Finally, Morse Asset Management Inc lifted its holdings in shares of Linde by 1.7% during the 4th quarter. Morse Asset Management Inc now owns 13,888 shares of the basic materials company's stock valued at $5,815,000 after buying an additional 227 shares during the period. 82.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on LIN shares. Citigroup raised Linde from a "neutral" rating to a "buy" rating and raised their target price for the stock from $500.00 to $535.00 in a report on Monday, June 30th. UBS Group increased their price target on Linde from $485.00 to $504.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 9th. JPMorgan Chase & Co. increased their price target on Linde from $470.00 to $475.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Finally, Royal Bank Of Canada assumed coverage on Linde in a research report on Friday, June 13th. They set an "outperform" rating and a $576.00 price objective for the company. 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 company. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $519.63.

Insider Buying and Selling

In other Linde news, Director Stephen F. Angel sold 50,309 shares of the firm's stock in a transaction 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 transaction, the director directly owned 480,543 shares in the company, valued at $227,479,445.34. This trade represents a 9.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.70% of the stock is owned by insiders.

Linde Trading Down 0.3%

LIN traded down $1.55 on Friday, hitting $482.04. The company had a trading volume of 2,069,711 shares, compared to its average volume of 1,617,354. The company has a market cap of $226.03 billion, a PE ratio of 34.28, a PEG ratio of 3.19 and a beta of 0.95. Linde PLC has a 12-month low of $408.65 and a 12-month high of $487.49. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 0.49. The business's fifty day simple moving average is $472.66 and its 200 day simple moving average is $462.91.

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

Linde Dividend Announcement

The company 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 annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, September 4th. Linde's dividend payout ratio (DPR) is presently 42.67%.

About Linde

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.