Cumberland Partners Ltd trimmed its position in shares of Linde PLC (NASDAQ:LIN - Free Report) by 0.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,893 shares of the basic materials company's stock after selling 548 shares during the period. Linde makes up 2.7% of Cumberland Partners Ltd's portfolio, making the stock its 11th biggest position. Cumberland Partners Ltd's holdings in Linde were worth $34,408,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in LIN. New Age Alpha Advisors LLC grew its holdings in Linde by 34.9% during the 4th quarter. New Age Alpha Advisors LLC now owns 85 shares of the basic materials company's stock worth $36,000 after acquiring an additional 22 shares in the last quarter. Diversify Advisory Services LLC grew its holdings in Linde by 2.5% during the 1st quarter. Diversify Advisory Services LLC now owns 999 shares of the basic materials company's stock worth $450,000 after acquiring an additional 24 shares in the last quarter. IFP Advisors Inc grew its holdings in Linde by 0.8% during the 1st quarter. IFP Advisors Inc now owns 3,207 shares of the basic materials company's stock worth $1,493,000 after acquiring an additional 24 shares in the last quarter. Richards Merrill & Peterson Inc. grew its holdings in Linde by 3.0% during the 1st quarter. Richards Merrill & Peterson Inc. now owns 816 shares of the basic materials company's stock worth $380,000 after acquiring an additional 24 shares in the last quarter. Finally, Rockingstone Advisors LLC grew its holdings in Linde by 0.3% during the 1st quarter. Rockingstone Advisors LLC now owns 8,340 shares of the basic materials company's stock worth $3,883,000 after acquiring an additional 25 shares in the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Linde
In other Linde news, VP Sean Durbin sold 7,261 shares of the business's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $456.42, for a total transaction of $3,314,065.62. Following the completion of the transaction, the vice president directly owned 8,151 shares of the company's stock, valued at $3,720,279.42. The trade was a 47.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP David P. Strauss sold 1,987 shares of the business's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $457.04, for a total transaction of $908,138.48. Following the transaction, the vice president directly owned 22,639 shares of the company's stock, valued at $10,346,928.56. The trade was a 8.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.70% of the company's stock.
Analysts Set New Price Targets
Several research analysts have weighed in on LIN shares. Argus raised shares of Linde to a "strong-buy" rating in a report on Tuesday, April 8th. UBS Group raised their price objective on shares of Linde from $485.00 to $504.00 and gave the stock a "neutral" rating in a report on Wednesday, July 9th. Royal Bank Of Canada started 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. Finally, Citigroup raised shares of Linde from a "neutral" rating to a "buy" rating and raised their target price for the stock from $500.00 to $535.00 in a report on Monday, June 30th. Two analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $518.80.
Read Our Latest Stock Analysis on Linde
Linde Trading Down 0.2%
Shares of NASDAQ:LIN opened at $459.41 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.94 and a debt-to-equity ratio of 0.45. The company's 50-day moving average price is $467.15 and its 200 day moving average price is $457.55. The company has a market cap of $216.25 billion, a PE ratio of 33.36, a P/E/G ratio of 3.25 and a beta of 0.92. Linde PLC has a fifty-two week low of $408.65 and a fifty-two week 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 (EPS) for the quarter, beating analysts' consensus estimates 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 20.02% and a return on equity of 18.95%. Linde's revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the business posted $3.85 EPS. Sell-side analysts anticipate that Linde PLC will post 16.54 earnings per share for the current year.
Linde Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders 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 yield of 1.3%. The ex-dividend date of this dividend is Thursday, September 4th. Linde's payout ratio is presently 43.57%.
Linde Profile
(
Free Report)
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.
Featured Stories
Want to see what other hedge funds are holding LIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Linde PLC (NASDAQ:LIN - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Linde, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Linde wasn't on the list.
While Linde currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
