Linde PLC $LIN Shares Bought by Concurrent Investment Advisors LLC

Key Points

• Concurrent Investment Advisors LLC increased their stake in Linde PLC by 12.9% during the second quarter, now owning 10,001 shares valued at $4.69 million.
• Linde reported a Q2 earnings per share of $4.09, surpassing analysts' expectations of $4.03, and achieved a revenue of $8.50 billion for the quarter.
• The company declared a quarterly dividend of $1.50 per share, representing an annualized dividend of $6.00 and a yield of 1.3%.

Concurrent Investment Advisors LLC raised its stake in Linde PLC (NASDAQ:LIN - Free Report) by 12.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,001 shares of the basic materials company's stock after acquiring an additional 1,140 shares during the quarter. Concurrent Investment Advisors LLC's holdings in Linde were worth $4,692,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. North Capital Inc. acquired a new position in shares of Linde in the first quarter worth $25,000. Abound Financial LLC acquired a new position in shares of Linde in the first quarter worth $41,000. eCIO Inc. acquired a new position in shares of Linde in the first quarter worth $45,000. Clal Insurance Enterprises Holdings Ltd raised its holdings in shares of Linde by 445.0% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company's stock worth $51,000 after acquiring an additional 89 shares during the last quarter. Finally, Nova Wealth Management Inc. acquired a new position in shares of Linde in the first quarter worth $52,000. 82.80% of the stock is owned by institutional investors and hedge funds.

Linde Stock Performance

Shares of NASDAQ:LIN opened at $453.82 on Monday. The business has a 50-day moving average of $474.45 and a two-hundred day moving average of $464.51. The firm has a market capitalization of $212.80 billion, a PE ratio of 32.28, a P/E/G ratio of 3.00 and a beta of 0.93. 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 PLC has a 12 month low of $408.65 and a 12 month high of $487.49.

Linde (NASDAQ:LIN - Get Free Report) last issued its earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.03 by $0.06. Linde had a return on equity of 19.09% and a net margin of 20.20%.The business had revenue of $8.50 billion during the quarter, compared to analysts' expectations of $8.35 billion. During the same quarter in the previous year, the business earned $3.85 EPS. The company'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. As a group, research analysts forecast that Linde PLC will post 16.54 earnings per share for the current year.

Linde Announces Dividend

The company also recently announced 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. The ex-dividend date was Thursday, September 4th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.3%. Linde's payout ratio is presently 42.67%.

Insider Activity

In other news, Director Stephen F. Angel sold 50,309 shares of the business's stock in a transaction dated 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. The trade was a 9.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.70% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. UBS Group cut their price target on Linde from $510.00 to $507.00 and set a "neutral" rating for the company in a report on Monday, October 6th. Citigroup lifted their price objective on Linde from $530.00 to $535.00 and gave the company a "buy" rating in a research report on Monday, October 6th. JPMorgan Chase & Co. lifted their price objective on Linde from $470.00 to $475.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Linde in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $520.00.

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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