Linde PLC $LIN Shares Bought by Compound Planning Inc.

Key Points

• Compound Planning Inc. increased its stake in Linde PLC by 48.1%, now holding 4,546 shares valued at approximately $2.12 million.
• Linde reported earnings of $4.09 per share, exceeding expectations, and noted quarterly revenue growth of 2.3% year-over-year.
• The company declared a quarterly dividend of $1.50 per share, reflecting an annualized dividend of $6.00 and a yield of 1.2%.

Compound Planning Inc. boosted its stake in shares of Linde PLC (NASDAQ:LIN - Free Report) by 48.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,546 shares of the basic materials company's stock after purchasing an additional 1,477 shares during the period. Compound Planning Inc.'s holdings in Linde were worth $2,117,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of LIN. Freemont Capital Pte Ltd bought a new stake in Linde during the fourth quarter valued at about $2,128,233,000. Nuveen LLC bought a new stake in Linde during the first quarter valued at about $2,097,793,000. GAMMA Investing LLC raised its holdings in Linde by 58,312.0% during the first quarter. GAMMA Investing LLC now owns 3,415,935 shares of the basic materials company's stock valued at $1,590,596,000 after acquiring an additional 3,410,087 shares during the period. Deutsche Bank AG increased its holdings in shares of Linde by 172.4% in the first quarter. Deutsche Bank AG now owns 2,407,637 shares of the basic materials company's stock worth $1,121,092,000 after purchasing an additional 1,523,702 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of Linde by 18.6% in the first quarter. Wellington Management Group LLP now owns 7,542,991 shares of the basic materials company's stock worth $3,511,751,000 after purchasing an additional 1,182,157 shares during the last quarter. 82.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

LIN has been the topic of several research reports. Citigroup raised Linde from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $500.00 to $535.00 in a report on Monday, June 30th. 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. UBS Group boosted their price objective on Linde from $485.00 to $504.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 9th. Finally, Royal Bank Of Canada assumed coverage on Linde in a research note on Friday, June 13th. They set an "outperform" rating and a $576.00 target price on the stock. Two 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. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $519.63.

Linde Stock Up 0.2%

Linde stock traded up $0.79 during mid-day trading on Wednesday, reaching $482.71. 2,196,392 shares of the company were exchanged, compared to its average volume of 2,046,011. The business has a fifty day moving average of $469.94 and a 200 day moving average of $461.48. 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 firm has a market cap of $226.35 billion, a P/E ratio of 34.33, a PEG ratio of 3.16 and a beta of 0.92. 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 posted 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. The company 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%.Linde's revenue was up 2.3% on a year-over-year basis. During the same quarter 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. Research analysts anticipate that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be given a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, September 4th. Linde's dividend payout ratio is presently 42.67%.

Insider Activity

In other Linde news, Director Stephen F. Angel sold 50,309 shares of the 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 sale, the director directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.70% of the stock is currently owned by insiders.

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.