NewEdge Advisors LLC Purchases 4,520 Shares of Linde PLC $LIN

Key Points

• NewEdge Advisors LLC has increased its holdings in Linde PLC by 10.6% in the first quarter, owning 47,015 shares valued at approximately $21.89 million.
• Linde recently reported its quarterly earnings, with an EPS of $4.09, exceeding analysts' expectations, and it has set FY 2025 guidance at 16.300-16.500 EPS.
• The company announced a quarterly dividend of $1.50 per share, representing a 1.3% dividend yield, scheduled for distribution on September 18th.

NewEdge Advisors LLC grew its stake in Linde PLC (NASDAQ:LIN - Free Report) by 10.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,015 shares of the basic materials company's stock after buying an additional 4,520 shares during the quarter. NewEdge Advisors LLC's holdings in Linde were worth $21,892,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of LIN. Freemont Capital Pte Ltd purchased a new stake in Linde in the fourth quarter worth about $2,128,233,000. Nuveen LLC purchased a new stake in shares of Linde during the first quarter worth about $2,097,793,000. GAMMA Investing LLC grew its position in shares of 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 worth $1,590,596,000 after purchasing an additional 3,410,087 shares in the last quarter. Deutsche Bank AG grew its position in shares of Linde by 172.4% during 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 in the last quarter. Finally, Wellington Management Group LLP grew its position in shares of Linde by 18.6% during 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 in the last quarter. Hedge funds and other institutional investors own 82.80% of the company's stock.

Insider Activity

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 stock was sold at an average price of $473.38, for a total transaction of $23,815,274.42. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.70% of the company's stock.

Linde Trading Down 0.2%

Shares of NASDAQ:LIN traded down $0.74 during trading on Wednesday, hitting $472.70. The company had a trading volume of 1,547,861 shares, compared to its average volume of 2,043,212. The stock has a market cap of $221.65 billion, a price-to-earnings ratio of 33.62, a price-to-earnings-growth ratio of 3.13 and a beta of 0.95. Linde PLC has a one year low of $408.65 and a one year high of $487.49. The company 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 current ratio of 0.93 and a quick ratio of 0.78.

Linde (NASDAQ:LIN - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The basic materials company reported $4.09 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company's revenue for the quarter was up 2.3% on a year-over-year basis. During the same period last year, the company 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. As a group, equities analysts forecast that Linde PLC will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

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

Analyst Ratings Changes

Several analysts recently issued reports on LIN shares. UBS Group increased their target price on Linde from $485.00 to $504.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 9th. JPMorgan Chase & Co. increased their price target on Linde from $470.00 to $475.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Citigroup raised Linde from a "neutral" rating to a "buy" rating and increased their price target for the company from $500.00 to $535.00 in a research note on Monday, June 30th. 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 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Linde has an average rating of "Buy" and a consensus price target of $519.63.

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.