Linde PLC $LIN Shares Sold by Twin Tree Management LP

Key Points

• Twin Tree Management LP reduced its stake in Linde PLC by 58.7%, holding only 13,167 shares worth approximately $6.18 million after selling 18,699 shares in the second quarter.
• Director Stephen F. Angel sold 50,309 shares at an average price of $473.38, decreasing his position by 9.48% and retaining 480,543 shares valued at around $227.48 million.
• Linde recently reported quarterly earnings, surpassing analysts' expectations with $4.09 EPS and total revenue of $8.50 billion, alongside a dividend of $1.50 paid in September.

Twin Tree Management LP lowered its holdings in shares of Linde PLC (NASDAQ:LIN - Free Report) by 58.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,167 shares of the basic materials company's stock after selling 18,699 shares during the quarter. Twin Tree Management LP's holdings in Linde were worth $6,178,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. North Capital Inc. acquired a new stake in shares of Linde in the first quarter valued at about $25,000. Abound Financial LLC purchased a new stake in Linde during the 1st quarter worth approximately $41,000. eCIO Inc. acquired a new position in shares of Linde during the first quarter valued at approximately $45,000. Clal Insurance Enterprises Holdings Ltd lifted its position in shares of Linde by 445.0% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company's stock valued at $51,000 after acquiring an additional 89 shares in the last quarter. Finally, Nova Wealth Management Inc. acquired a new stake in shares of Linde in the first quarter worth approximately $52,000. 82.80% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Linde

In other Linde news, Director Stephen F. Angel sold 50,309 shares of the business'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 transaction of $23,815,274.42. Following the completion of the transaction, the director owned 480,543 shares in the company, valued at $227,479,445.34. The trade was a 9.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Citigroup raised their price target on shares of Linde from $530.00 to $535.00 and gave the stock a "buy" rating in a research note on Monday, October 6th. JPMorgan Chase & Co. upped their price target on Linde from $470.00 to $475.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Linde in a report on Wednesday, October 8th. Finally, UBS Group lowered their price objective on Linde from $510.00 to $507.00 and set a "neutral" rating on the stock in a research note on Monday, October 6th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $520.00.

Linde Price Performance

LIN opened at $451.42 on Thursday. The stock's 50-day moving average price is $473.62 and its 200 day moving average price is $464.37. Linde PLC has a 12-month low of $408.65 and a 12-month high of $487.49. The firm has a market cap of $211.68 billion, a price-to-earnings ratio of 32.11, a PEG ratio of 3.03 and a beta of 0.93. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 0.49.

Linde (NASDAQ:LIN - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.03 by $0.06. The company had revenue of $8.50 billion for 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 revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm 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. As a group, sell-side analysts expect that Linde PLC will post 16.54 earnings per share for the current year.

Linde Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were issued a $1.50 dividend. The ex-dividend date 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 42.67%.

About Linde

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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