Linde PLC $LIN is Milestones Administradora de Recursos Ltda.'s 10th Largest Position

Key Points

• Milestones Administradora de Recursos Ltda. increased its stake in Linde PLC by 97.5%, making it the fund's 10th largest holding with a valuation of approximately $6.97 million.
• Notable institutional investments include Nuveen LLC investing around $2.1 billion in Linde, reflecting significant investor interest as 82.80% of the stock is owned by hedge funds and other institutions.
• Linde recently reported its quarterly earnings with an EPS of $4.09, surpassing the consensus estimate, and also announced a quarterly dividend of $1.50 per share with a yield of 1.3%.

Milestones Administradora de Recursos Ltda. raised its stake in shares of Linde PLC (NASDAQ:LIN - Free Report) by 97.5% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 14,850 shares of the basic materials company's stock after buying an additional 7,330 shares during the period. Linde comprises about 2.4% of Milestones Administradora de Recursos Ltda.'s portfolio, making the stock its 10th largest holding. Milestones Administradora de Recursos Ltda.'s holdings in Linde were worth $6,967,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of LIN. Nuveen LLC purchased a new position in Linde during the first quarter valued at approximately $2,097,793,000. Deutsche Bank AG increased its holdings in shares of Linde by 172.4% during the 1st quarter. Deutsche Bank AG now owns 2,407,637 shares of the basic materials company's stock valued at $1,121,092,000 after purchasing an additional 1,523,702 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Linde by 18.6% during the 1st quarter. Wellington Management Group LLP now owns 7,542,991 shares of the basic materials company's stock valued at $3,511,751,000 after purchasing an additional 1,182,157 shares in the last quarter. Alecta Tjanstepension Omsesidigt purchased a new position in Linde in the first quarter valued at $233,405,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in Linde by 5.0% in 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 in the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Royal Bank Of Canada started coverage on shares of Linde in a report on Friday, June 13th. They issued an "outperform" rating and a $576.00 price objective for the company. JPMorgan Chase & Co. lifted their price target on Linde from $470.00 to $475.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Weiss Ratings restated a "buy (b)" rating on shares of Linde in a research report on Wednesday. UBS Group cut their price objective on Linde from $510.00 to $507.00 and set a "neutral" rating for the company in a research report on Monday. Finally, Citigroup boosted their price target on shares of Linde from $530.00 to $535.00 and gave the stock a "buy" rating in a 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 assigned a Hold rating to the company's stock. According to MarketBeat, Linde has an average rating of "Buy" and a consensus price target of $520.00.

Insider Transactions at Linde

In other Linde news, Director Stephen F. Angel sold 50,309 shares of Linde stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $473.38, for a total transaction of $23,815,274.42. Following the sale, the director owned 480,543 shares of the company's stock, valued at $227,479,445.34. The trade was a 9.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.70% of the stock is currently owned by company insiders.

Linde Price Performance

NASDAQ:LIN opened at $453.82 on Friday. Linde PLC has a 12 month low of $408.65 and a 12 month high of $487.49. The stock has a 50 day moving average of $474.45 and a two-hundred day moving average of $464.49. 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 firm has a market cap of $212.80 billion, a P/E ratio of 32.28, a price-to-earnings-growth ratio of 3.03 and a beta of 0.93.

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, 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%.Linde's quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the business earned $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, analysts expect that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Announces Dividend

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

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