Linde PLC $LIN Shares Bought by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Linde PLC by 8.4%, owning a total of 379,807 shares valued at approximately $176.8 million.
• Insider trading reports show that Director Stephen F. Angel sold 50,309 shares at an average price of $473.38, reducing his ownership by 9.48%.
• Analysts generally hold a positive outlook for Linde PLC with a consensus rating of "Buy" and an average price target of $519.63, reflecting strong performance expectations.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Linde PLC (NASDAQ:LIN - Free Report) by 8.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 379,807 shares of the basic materials company's stock after buying an additional 29,402 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.08% of Linde worth $176,834,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. North Capital Inc. purchased a new position in shares of Linde in the 1st quarter valued at approximately $25,000. Putney Financial Group LLC purchased a new position in shares of Linde in the 4th quarter valued at approximately $31,000. Dunhill Financial LLC purchased a new position in shares of Linde in the 4th quarter valued at approximately $34,000. Abound Financial LLC purchased a new position in shares of Linde in the 1st quarter valued at approximately $41,000. Finally, Capital A Wealth Management LLC purchased a new position in shares of Linde in the 4th quarter valued at approximately $37,000. 82.80% of the stock is owned by institutional investors and hedge funds.

Linde Stock Performance

Linde stock traded down $2.32 during midday trading on Wednesday, hitting $471.12. 601,545 shares of the company were exchanged, compared to its average volume of 2,037,862. The firm has a market capitalization of $220.91 billion, a PE ratio of 33.51, a price-to-earnings-growth ratio of 3.13 and a beta of 0.95. Linde PLC has a fifty-two week low of $408.65 and a fifty-two week high of $487.49. The business has a fifty day simple moving average of $472.47 and a two-hundred day simple moving average of $462.55. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.78 and a current ratio of 0.93.

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, beating the consensus estimate of $4.03 by $0.06. The firm had revenue of $8.50 billion during the quarter, compared to analyst estimates of $8.35 billion. Linde had a net margin of 20.20% and a return on equity of 19.09%. The business's quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm earned $3.85 EPS. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. On average, sell-side analysts forecast that Linde PLC will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, September 4th. Linde's payout ratio is 42.67%.

Insider Buying and Selling at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of Linde stock in a transaction that occurred on Thursday, August 7th. The shares were 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 $227,479,445.34. The trade was a 9.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on LIN. UBS Group increased their price objective on shares of Linde from $485.00 to $504.00 and gave the company a "neutral" rating in a research report on Wednesday, July 9th. Royal Bank Of Canada started coverage on Linde in a report on Friday, June 13th. They issued an "outperform" rating and a $576.00 price objective on the stock. JPMorgan Chase & Co. increased their price objective on Linde from $470.00 to $475.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Finally, Citigroup raised Linde from a "neutral" rating to a "buy" rating and increased their price objective for the company from $500.00 to $535.00 in a report on Monday, June 30th. Two 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 company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and an average 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.