Edmond DE Rothschild Holding S.A. Buys 12,205 Shares of Linde PLC $LIN

Key Points

• Edmond DE Rothschild Holding S.A. increased its stake in Linde PLC by 20.6%, now owning 71,468 shares valued at approximately $33.27 million.
• Director Stephen F. Angel sold 50,309 shares of Linde stock for around $23.82 million, reducing his ownership by 9.48%.
• Linde recently declared a quarterly dividend of $1.50 per share, with a projected yield of 1.3% for investors.

Edmond DE Rothschild Holding S.A. raised its stake in Linde PLC (NASDAQ:LIN - Free Report) by 20.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 71,468 shares of the basic materials company's stock after acquiring an additional 12,205 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in Linde were worth $33,270,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Strategy Asset Managers LLC increased its holdings in shares of Linde by 2.8% in the 1st quarter. Strategy Asset Managers LLC now owns 834 shares of the basic materials company's stock worth $388,000 after buying an additional 23 shares during the last quarter. Diversify Advisory Services LLC increased its holdings in shares of Linde by 2.5% in the 1st quarter. Diversify Advisory Services LLC now owns 999 shares of the basic materials company's stock worth $450,000 after buying an additional 24 shares during the last quarter. IFP Advisors Inc increased its holdings in shares of Linde by 0.8% in the 1st quarter. IFP Advisors Inc now owns 3,207 shares of the basic materials company's stock worth $1,493,000 after buying an additional 24 shares during the last quarter. Richards Merrill & Peterson Inc. increased its holdings in shares of Linde by 3.0% in the 1st quarter. Richards Merrill & Peterson Inc. now owns 816 shares of the basic materials company's stock worth $380,000 after buying an additional 24 shares during the last quarter. Finally, Enterprise Financial Services Corp increased its holdings in shares of Linde by 3.9% in the 1st quarter. Enterprise Financial Services Corp now owns 647 shares of the basic materials company's stock worth $301,000 after buying an additional 24 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors.

Linde Trading Down 0.6%

NASDAQ:LIN traded down $2.87 during mid-day trading on Friday, hitting $469.52. 1,066,218 shares of the stock traded hands, compared to its average volume of 1,493,888. The stock has a market capitalization of $220.16 billion, a price-to-earnings ratio of 33.39, a PEG ratio of 3.10 and a beta of 0.95. Linde PLC has a 52 week low of $408.65 and a 52 week high of $487.49. The firm's 50 day moving average is $472.43 and its two-hundred day moving average is $462.36. 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 (NASDAQ:LIN - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The basic materials company reported $4.09 EPS for the quarter, beating the consensus estimate 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 net margin of 20.20% and a return on equity of 19.09%. The firm's revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.85 EPS. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. On average, equities research analysts predict that Linde PLC will post 16.54 earnings per share for the current year.

Linde Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be paid a $1.50 dividend. 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 currently 42.67%.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Linde news, Director Stephen F. Angel sold 50,309 shares of the company's stock in a transaction dated 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 in the company, valued at $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 available at this hyperlink. 0.70% of the stock is owned by corporate insiders.

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.