Lester Murray Antman dba SimplyRich Has $756,000 Stock Position in Linde PLC $LIN

Key Points

• Lester Murray Antman dba SimplyRich reduced its holdings in Linde PLC by 26.9% in the second quarter, now owning 1,612 shares valued at $756,000.
• Director Stephen F. Angel sold over 50,000 shares of Linde for approximately $23.82 million, decreasing his ownership by 9.48% to about 480,543 shares.
• Linde's most recent earnings report showed an EPS of $4.09, beating estimates, with a revenue increase of 2.3% year-over-year and a net margin of 20.20%.

Lester Murray Antman dba SimplyRich reduced its holdings in Linde PLC (NASDAQ:LIN - Free Report) by 26.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,612 shares of the basic materials company's stock after selling 594 shares during the quarter. Lester Murray Antman dba SimplyRich's holdings in Linde were worth $756,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LIN. North Capital Inc. acquired a new position in Linde in the 1st quarter valued at approximately $25,000. Abound Financial LLC acquired a new stake in shares of Linde during the first quarter worth $41,000. eCIO Inc. acquired a new stake in shares of Linde during the first quarter worth $45,000. Clal Insurance Enterprises Holdings Ltd increased its position in shares of Linde by 445.0% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company's stock worth $51,000 after buying an additional 89 shares during the period. Finally, Nova Wealth Management Inc. acquired a new stake in shares of Linde during the first quarter worth $52,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Linde

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 shares were 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 approximately $227,479,445.34. This trade represents a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.70% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LIN. Royal Bank Of Canada began coverage on shares of Linde in a research report on Friday, June 13th. They set an "outperform" rating and a $576.00 price objective for the company. Weiss Ratings reiterated a "buy (b)" rating on shares of Linde in a research report on Wednesday. UBS Group decreased their price objective on shares of Linde from $510.00 to $507.00 and set a "neutral" rating for the company in a research report on Monday. JPMorgan Chase & Co. increased their price objective on shares of Linde from $470.00 to $475.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Finally, Citigroup increased their price objective on shares of Linde from $530.00 to $535.00 and gave the stock a "buy" rating in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $520.00.

Linde Trading Down 0.9%

NASDAQ:LIN opened at $453.82 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 has a market capitalization of $212.80 billion, a price-to-earnings ratio of 32.28, a PEG ratio of 3.03 and a beta of 0.93. The firm has a fifty day simple moving average of $474.45 and a two-hundred day simple moving average of $464.49. Linde PLC has a 12 month low of $408.65 and a 12 month high of $487.49.

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

Linde Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Thursday, September 4th. Linde's dividend payout ratio (DPR) is 42.67%.

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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