Linde PLC $LIN Shares Sold by Jump Financial LLC

Key Points

• Jump Financial LLC reduced its stake in Linde PLC by 63.9% in the first quarter, holding 9,431 shares worth approximately $4.39 million after selling 16,719 shares.
• Linde recently announced a quarterly dividend of $1.50 per share, with an annualized dividend yield of 1.3%. The ex-dividend date is set for September 4th.
• Analysts have shown positive sentiment towards Linde, with firms like Citigroup and Royal Bank of Canada upgrading their ratings and increasing price targets, with a consensus target price of $519.63.

Jump Financial LLC cut its stake in shares of Linde PLC (NASDAQ:LIN - Free Report) by 63.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,431 shares of the basic materials company's stock after selling 16,719 shares during the quarter. Jump Financial LLC's holdings in Linde were worth $4,391,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in LIN. North Capital Inc. bought a new position in shares of Linde during the first quarter valued at approximately $25,000. Putney Financial Group LLC acquired a new position in shares of Linde during the fourth quarter worth approximately $31,000. Dunhill Financial LLC acquired a new position in shares of Linde during the fourth quarter worth approximately $34,000. Capital A Wealth Management LLC acquired a new position in shares of Linde during the fourth quarter worth approximately $37,000. Finally, Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of Linde during the fourth quarter worth approximately $41,000. 82.80% of the stock is owned by institutional investors.

Insider Activity at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of the 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on LIN. UBS Group boosted their price objective on Linde from $485.00 to $504.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 9th. JPMorgan Chase & Co. boosted their price objective on Linde from $470.00 to $475.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Royal Bank Of Canada began 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. Finally, Citigroup upgraded Linde from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $500.00 to $535.00 in a research report on Monday, June 30th. 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $519.63.

Linde Price Performance

LIN traded down $3.86 during trading on Friday, reaching $478.29. The stock had a trading volume of 2,058,214 shares, compared to its average volume of 1,562,003. The firm has a market capitalization of $224.27 billion, a price-to-earnings ratio of 34.02, a price-to-earnings-growth ratio of 3.18 and a beta of 0.92. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 0.49. Linde PLC has a 1-year low of $408.65 and a 1-year high of $487.49. The stock has a 50 day moving average of $471.33 and a two-hundred day moving average of $461.90.

Linde (NASDAQ:LIN - Get Free Report) last released its earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share for the quarter, topping analysts' consensus estimates 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 return on equity of 19.09% and a net margin of 20.20%.The firm's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the prior 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. As a group, equities analysts anticipate that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders 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 dividend yield of 1.3%. The ex-dividend date is Thursday, September 4th. Linde's dividend payout ratio is 42.67%.

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.