Venture Visionary Partners LLC Cuts Holdings in Linde PLC $LIN

Key Points

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Venture Visionary Partners LLC lowered its stake in shares of Linde PLC (NASDAQ:LIN - Free Report) by 74.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,067 shares of the basic materials company's stock after selling 80,893 shares during the quarter. Venture Visionary Partners LLC's holdings in Linde were worth $13,069,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Prosperity Consulting Group LLC grew its position in Linde by 4.5% during the fourth quarter. Prosperity Consulting Group LLC now owns 7,788 shares of the basic materials company's stock worth $3,261,000 after buying an additional 332 shares in the last quarter. AlTi Global Inc. acquired a new stake in Linde during the fourth quarter worth approximately $971,000. Truist Financial Corp raised its position in Linde by 75.0% during the first quarter. Truist Financial Corp now owns 193,563 shares of the basic materials company's stock valued at $90,131,000 after purchasing an additional 82,952 shares in the last quarter. Freedom Day Solutions LLC raised its position in Linde by 9.6% during the first quarter. Freedom Day Solutions LLC now owns 6,102 shares of the basic materials company's stock valued at $2,841,000 after purchasing an additional 535 shares in the last quarter. Finally, Castlekeep Investment Advisors LLC acquired a new position in Linde during the fourth quarter valued at approximately $468,360,000. Institutional investors and hedge funds own 82.80% of the company's stock.

Linde Trading Up 0.2%

NASDAQ LIN traded up $0.96 on Friday, hitting $481.67. The company's stock had a trading volume of 1,782,492 shares, compared to its average volume of 2,062,129. The company's 50-day moving average is $468.98 and its 200 day moving average is $460.94. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 0.49. Linde PLC has a 1-year low of $408.65 and a 1-year high of $487.49. The firm has a market cap of $225.86 billion, a PE ratio of 34.26, a PEG ratio of 3.18 and a beta of 0.92.

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 for the quarter, topping the consensus estimate of $4.03 by $0.06. The company had revenue of $8.50 billion during the quarter, compared to analysts' expectations of $8.35 billion. Linde had a net margin of 20.20% and a return on equity of 19.09%. Linde'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 company posted $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, analysts predict that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Announces Dividend

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 given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, September 4th. Linde's dividend payout ratio (DPR) is presently 42.67%.

Insider Activity at Linde

In related news, Director Stephen F. Angel sold 50,309 shares of the 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.70% of the company's stock.

Wall Street Analysts Forecast Growth

LIN has been the subject of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Linde from $470.00 to $475.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Royal Bank Of Canada initiated coverage on shares of Linde in a research report on Friday, June 13th. They set an "outperform" rating and a $576.00 price objective for the company. UBS Group boosted 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. Finally, Citigroup upgraded shares of Linde from a "neutral" rating to a "buy" rating and raised their target price for the company from $500.00 to $535.00 in a research report on Monday, June 30th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Linde has a consensus rating of "Buy" and an average target price 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.