Intrua Financial LLC Acquires 979 Shares of Linde PLC $LIN

Key Points

• Intrua Financial LLC increased its stake in Linde PLC by 77.4% in Q1, acquiring 979 additional shares, bringing its total holdings to 2,244 shares valued at approximately $1,045,000.
• Linde reported a revenue of $8.50 billion for the most recent quarter, exceeding analyst expectations, and posted earnings per share (EPS) of $4.09, beating estimates by $0.06.
• Linde's quarterly dividend of $1.50 per share is set for distribution on September 18th, providing a 1.3% yield, with an annual payout ratio of 42.67%.

Intrua Financial LLC lifted its stake in Linde PLC (NASDAQ:LIN - Free Report) by 77.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,244 shares of the basic materials company's stock after purchasing an additional 979 shares during the quarter. Intrua Financial LLC's holdings in Linde were worth $1,045,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its stake in Linde by 5.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,600,297 shares of the basic materials company's stock valued at $4,470,284,000 after buying an additional 453,108 shares during the last quarter. Wellington Management Group LLP boosted its holdings 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 worth $3,511,751,000 after acquiring an additional 1,182,157 shares in the last quarter. Nuveen LLC bought a new stake in Linde in the first quarter worth $2,097,793,000. Invesco Ltd. boosted its holdings in Linde by 1.1% in the first quarter. Invesco Ltd. now owns 3,859,539 shares of the basic materials company's stock worth $1,797,156,000 after acquiring an additional 40,931 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Linde by 58,312.0% in the first quarter. GAMMA Investing LLC now owns 3,415,935 shares of the basic materials company's stock worth $1,590,596,000 after acquiring an additional 3,410,087 shares in the last quarter. 82.80% of the stock is owned by institutional investors.

Linde Stock Down 0.2%

Linde stock opened at $472.70 on Thursday. The stock has a market cap of $221.65 billion, a PE ratio of 33.62, a price-to-earnings-growth ratio of 3.13 and a beta of 0.95. 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 one year low of $408.65 and a one year high of $487.49. The stock has a fifty day moving average of $472.38 and a 200 day moving average of $462.62.

Linde (NASDAQ:LIN - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The basic materials company reported $4.09 EPS for the quarter, beating analysts' consensus estimates of $4.03 by $0.06. The company had revenue of $8.50 billion during 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%.Linde's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the prior 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. As a group, sell-side analysts predict 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. Investors of record on Thursday, September 4th will be given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Thursday, September 4th. Linde's dividend payout ratio is 42.67%.

Insider Buying and Selling

In related news, Director Stephen F. Angel sold 50,309 shares of the company'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 completion of the sale, the director owned 480,543 shares in the company, valued at approximately $227,479,445.34. This represents a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.70% of the company's stock.

Wall Street Analyst Weigh In

LIN has been the topic of several analyst reports. Citigroup raised Linde from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $500.00 to $535.00 in a report on Monday, June 30th. Royal Bank Of Canada initiated coverage on Linde in a report on Friday, June 13th. They issued an "outperform" rating and a $576.00 target price on the stock. JPMorgan Chase & Co. boosted 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. Finally, UBS Group boosted their target price on Linde from $485.00 to $504.00 and gave the stock a "neutral" rating in a report on Wednesday, July 9th. Two equities 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's stock. Based on data from MarketBeat, the stock currently has a consensus 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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