Linde PLC $LIN Shares Bought by KLP Kapitalforvaltning AS

Key Points

• KLP Kapitalforvaltning AS increased its holdings in Linde PLC by 3.7%, now owning 170,074 shares, worth approximately $79.8 million.
• Multiple analysts have given Linde PLC a consensus rating of "Buy", with price targets ranging from $475.00 to $576.00.
• Linde reported a quarterly earnings per share of $4.09, surpassing estimates, with a revenue of $8.50 billion.

KLP Kapitalforvaltning AS increased its holdings in Linde PLC (NASDAQ:LIN - Free Report) by 3.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 170,074 shares of the basic materials company's stock after purchasing an additional 6,100 shares during the quarter. KLP Kapitalforvaltning AS's holdings in Linde were worth $79,795,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. North Capital Inc. purchased a new stake in Linde during the 1st quarter worth approximately $25,000. Abound Financial LLC purchased a new stake in Linde during the 1st quarter worth approximately $41,000. eCIO Inc. purchased a new stake in Linde during the 1st quarter worth approximately $45,000. Clal Insurance Enterprises Holdings Ltd increased its stake in Linde by 445.0% during the 1st 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 in the last quarter. Finally, Nova Wealth Management Inc. purchased a new stake in Linde during the 1st quarter worth approximately $52,000. Institutional investors and hedge funds own 82.80% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on LIN shares. Citigroup boosted their price objective on Linde from $530.00 to $535.00 and gave the stock a "buy" rating in a research note on Monday. 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 note on Monday. Weiss Ratings reiterated a "buy (b)" rating on shares of Linde in a research note on Saturday, September 27th. JPMorgan Chase & Co. boosted their price objective on Linde from $470.00 to $475.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Finally, Royal Bank Of Canada began coverage on Linde in a research report on Friday, June 13th. They issued an "outperform" rating and a $576.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $520.00.

Insiders Place Their Bets

In related news, Director Stephen F. Angel sold 50,309 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $473.38, for a total value of $23,815,274.42. Following the completion of the transaction, the director directly owned 480,543 shares in the company, valued at approximately $227,479,445.34. This represents a 9.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.70% of the company's stock.

Linde Price Performance

LIN stock opened at $468.55 on Tuesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.93 and a quick ratio of 0.78. The business has a 50 day simple moving average of $474.59 and a 200-day simple moving average of $464.46. The firm has a market capitalization of $219.71 billion, a PE ratio of 33.33, a price-to-earnings-growth ratio of 3.08 and a beta of 0.93. Linde PLC has a 1 year low of $408.65 and a 1 year 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.03 by $0.06. The business 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%.The business's revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the business earned $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. Equities research analysts anticipate that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Dividend Announcement

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