Linde PLC $LIN Shares Bought by Venture Visionary Partners LLC

Key Points

• Venture Visionary Partners LLC has increased its stake in Linde PLC by 1.9%, owning 28,600 shares valued at approximately $13.4 million.
• Recent insider trading revealed that Director Stephen F. Angel sold over 50,000 shares of Linde stock, worth nearly $23.8 million, reducing his position by 9.48%.
• Linde reported impressive earnings, with $4.09 earnings per share for the last quarter, exceeding analyst estimates and indicating a revenue growth of 2.3% year-over-year.

Venture Visionary Partners LLC raised its position in Linde PLC (NASDAQ:LIN - Free Report) by 1.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,600 shares of the basic materials company's stock after purchasing an additional 533 shares during the quarter. Venture Visionary Partners LLC's holdings in Linde were worth $13,419,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in LIN. Breakwater Capital Group increased its stake in shares of Linde by 2.3% during the second quarter. Breakwater Capital Group now owns 980 shares of the basic materials company's stock valued at $460,000 after acquiring an additional 22 shares during the period. Strategy Asset Managers LLC increased its stake in shares of Linde by 2.8% during the first quarter. Strategy Asset Managers LLC now owns 834 shares of the basic materials company's stock valued at $388,000 after acquiring an additional 23 shares during the period. Diversify Advisory Services LLC increased its stake in shares of Linde by 2.5% during the first quarter. Diversify Advisory Services LLC now owns 999 shares of the basic materials company's stock valued at $450,000 after acquiring an additional 24 shares during the period. IFP Advisors Inc increased its stake in shares of Linde by 0.8% during the first quarter. IFP Advisors Inc now owns 3,207 shares of the basic materials company's stock valued at $1,493,000 after acquiring an additional 24 shares during the period. Finally, Richards Merrill & Peterson Inc. increased its stake in shares of Linde by 3.0% during the first quarter. Richards Merrill & Peterson Inc. now owns 816 shares of the basic materials company's stock valued at $380,000 after acquiring an additional 24 shares during the period. Institutional investors and hedge funds own 82.80% of the company's stock.

Insider Buying and Selling

In related news, Director Stephen F. Angel sold 50,309 shares of the firm's stock in a transaction that occurred on Thursday, August 7th. The shares were 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 owned 480,543 shares of the company's stock, valued at approximately $227,479,445.34. This trade represents a 9.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.70% of the company's stock.

Linde Trading Up 0.1%

Shares of NASDAQ:LIN opened at $474.41 on Monday. The stock has a market capitalization of $222.46 billion, a price-to-earnings ratio of 33.74, a PEG ratio of 3.13 and a beta of 0.95. Linde PLC has a 1-year low of $408.65 and a 1-year high of $487.49. 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 company has a 50 day moving average price of $474.62 and a 200 day moving average price of $463.97.

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

Linde Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were paid a $1.50 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $6.00 dividend on an annualized basis and a yield of 1.3%. Linde's dividend payout ratio (DPR) is currently 42.67%.

Wall Street Analyst Weigh In

LIN has been the topic of a number of research analyst reports. 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 objective on the stock. JPMorgan Chase & Co. raised their price objective on shares of Linde from $470.00 to $475.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. UBS Group raised their price objective on shares of Linde from $485.00 to $504.00 and gave the company a "neutral" rating in a research note on Wednesday, July 9th. Finally, Citigroup upgraded shares of Linde from a "neutral" rating to a "buy" rating and raised their target price for the stock from $500.00 to $535.00 in a report on Monday, June 30th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Linde presently has an average rating of "Buy" and a consensus price target of $519.63.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.