Linde PLC $LIN Shares Bought by Bleakley Financial Group LLC

Key Points

• Bleakley Financial Group LLC increased its stake in Linde PLC by 6.6%, holding 14,485 shares valued at approximately $6.8 million as per their latest SEC filing.
• Linde reported a quarterly earnings per share (EPS) of $4.09, surpassing expectations, with a revenue of $8.50 billion for the quarter.
• The company declared a quarterly dividend of $1.50 per share, resulting in an annualized dividend yield of 1.3%.

Bleakley Financial Group LLC raised its stake in shares of Linde PLC (NASDAQ:LIN - Free Report) by 6.6% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 14,485 shares of the basic materials company's stock after buying an additional 897 shares during the period. Bleakley Financial Group LLC's holdings in Linde were worth $6,796,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Bartlett & CO. Wealth Management LLC raised its position in Linde by 1.3% during the second quarter. Bartlett & CO. Wealth Management LLC now owns 249,742 shares of the basic materials company's stock valued at $117,174,000 after acquiring an additional 3,230 shares in the last quarter. Truist Financial Corp grew its stake in shares of Linde by 75.0% during the 1st quarter. Truist Financial Corp now owns 193,563 shares of the basic materials company's stock worth $90,131,000 after purchasing an additional 82,952 shares during the period. Freedom Day Solutions LLC grew its stake in shares of Linde by 9.6% during the 1st quarter. Freedom Day Solutions LLC now owns 6,102 shares of the basic materials company's stock worth $2,841,000 after purchasing an additional 535 shares during the period. Meiji Yasuda Asset Management Co Ltd. increased its holdings in shares of Linde by 25.9% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 23,558 shares of the basic materials company's stock valued at $10,970,000 after purchasing an additional 4,839 shares in the last quarter. Finally, Exane Asset Management acquired a new position in shares of Linde in the 1st quarter valued at $295,000. Institutional investors and hedge funds own 82.80% of the company's stock.

Linde Trading Down 0.0%

Shares of Linde stock opened at $449.92 on Thursday. The stock has a market cap of $210.97 billion, a P/E ratio of 32.00, a P/E/G ratio of 2.97 and a beta of 0.93. The stock's 50 day simple moving average is $471.33 and its 200-day simple moving average is $463.95. Linde PLC has a 1-year low of $408.65 and a 1-year high of $486.38. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.93 and a quick ratio of 0.78.

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, beating the consensus estimate of $4.03 by $0.06. Linde had a return on equity of 19.09% and a net margin of 20.20%.The firm had revenue of $8.50 billion during the quarter, compared to analysts' expectations of $8.35 billion. During the same quarter last year, the firm earned $3.85 earnings per share. The business's revenue for the quarter was up 2.3% on a year-over-year basis. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. Analysts predict that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Thursday, September 4th. Linde's payout ratio is currently 42.67%.

Insider Buying and Selling at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of the business's stock in a transaction dated 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 transaction, the director owned 480,543 shares of the company's stock, valued at approximately $227,479,445.34. The trade was a 9.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on LIN shares. Weiss Ratings reissued a "buy (b)" rating on shares of Linde in a report on Wednesday, October 8th. 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, October 6th. JPMorgan Chase & Co. raised their target price on Linde from $470.00 to $475.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Finally, Citigroup increased their target price on Linde from $530.00 to $535.00 and gave the company a "buy" rating in a research report on Monday, October 6th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $520.00.

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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