Linde PLC $LIN Shares Bought by Mirae Asset Global Investments Co. Ltd.

Key Points

• Mirae Asset Global Investments Co. Ltd. increased its stake in Linde PLC by 8.5%, acquiring an additional 13,791 shares, bringing its total to 176,467 shares worth approximately $82.8 million.
• Linde reported a quarterly earnings per share (EPS) of $4.09, exceeding estimates, with revenues of $8.5 billion, reflecting a 2.3% year-over-year increase.
• The company announced a quarterly dividend of $1.50 per share, totaling an annual dividend of $6.00, with a current yield of 1.3% and a payout ratio of 42.67%.

Mirae Asset Global Investments Co. Ltd. raised its stake in Linde PLC (NASDAQ:LIN - Free Report) by 8.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 176,467 shares of the basic materials company's stock after buying an additional 13,791 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Linde were worth $82,795,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. J. Safra Sarasin Holding AG lifted its position in Linde by 3.2% in the second quarter. J. Safra Sarasin Holding AG now owns 81,519 shares of the basic materials company's stock valued at $38,240,000 after buying an additional 2,563 shares during the last quarter. TFG Advisers LLC lifted its position in Linde by 0.7% in the second quarter. TFG Advisers LLC now owns 3,736 shares of the basic materials company's stock valued at $1,753,000 after buying an additional 25 shares during the last quarter. ASR Vermogensbeheer N.V. lifted its position in Linde by 7.7% in the second quarter. ASR Vermogensbeheer N.V. now owns 40,956 shares of the basic materials company's stock valued at $19,215,000 after buying an additional 2,945 shares during the last quarter. EWA LLC acquired a new position in Linde in the second quarter valued at about $212,000. Finally, Pelham Capital Ltd. increased its stake in Linde by 3.5% during the second quarter. Pelham Capital Ltd. now owns 43,933 shares of the basic materials company's stock worth $20,612,000 after purchasing an additional 1,500 shares during the period. Institutional investors and hedge funds own 82.80% of the company's stock.

Linde Stock Performance

Shares of Linde stock opened at $469.48 on Friday. Linde PLC has a one year low of $408.65 and a one year high of $487.49. The company has a market cap of $220.14 billion, a PE ratio of 33.39, a P/E/G ratio of 3.08 and a beta of 0.93. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.78 and a current ratio of 0.93. The business has a 50-day simple moving average of $474.70 and a 200-day simple moving average of $464.27.

Linde (NASDAQ:LIN - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The basic materials company reported $4.09 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 the consensus estimate of $8.35 billion. During the same period in the previous year, the company posted $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. On average, equities research analysts forecast that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were given a dividend of $1.50 per share. The ex-dividend date of this dividend 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 currently 42.67%.

Analysts Set New Price Targets

LIN has been the topic of a number of recent research reports. UBS Group boosted their price target on shares of Linde from $485.00 to $504.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 9th. Citigroup upgraded shares of Linde from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $500.00 to $535.00 in a research note on Monday, June 30th. Royal Bank Of Canada initiated coverage on shares of Linde in a research note on Friday, June 13th. They set an "outperform" rating and a $576.00 price target on the stock. Finally, JPMorgan Chase & Co. boosted their price target on shares of Linde from $470.00 to $475.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $519.63.

Insider Activity 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 stock was sold at an average price of $473.38, for a total transaction of $23,815,274.42. Following the completion of the transaction, the director directly 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.70% of the company's stock.

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.

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