Lingohr Asset Management GmbH Cuts Stock Position in Linde PLC $LIN

Key Points

• Lingohr Asset Management GmbH significantly reduced its stake in Linde PLC by 89.7% in the second quarter, now holding just 530 shares after selling 4,629 shares.
• Several institutional investors increased their holdings in Linde, with Truist Financial Corp boosting its stake by 75.0% during the first quarter.
• Linde's recent earnings report beat expectations, with a quarterly EPS of $4.09 and a total revenue of $8.50 billion, indicating a 2.3% year-over-year increase.

Lingohr Asset Management GmbH lessened its stake in shares of Linde PLC (NASDAQ:LIN - Free Report) by 89.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 530 shares of the basic materials company's stock after selling 4,629 shares during the quarter. Lingohr Asset Management GmbH's holdings in Linde were worth $249,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Truist Financial Corp grew its holdings in Linde by 75.0% during the first quarter. Truist Financial Corp now owns 193,563 shares of the basic materials company's stock worth $90,131,000 after acquiring an additional 82,952 shares during the period. Freedom Day Solutions LLC grew its holdings 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 worth $2,841,000 after acquiring an additional 535 shares during the period. Exane Asset Management acquired a new position in Linde during the first quarter worth $295,000. Hourglass Capital LLC acquired a new position in Linde during the first quarter worth $935,000. Finally, Ethos Financial Group LLC acquired a new position in Linde during the first quarter worth $345,000. Institutional investors and hedge funds own 82.80% of the company's stock.

Insiders Place Their Bets

In related news, Director Stephen F. Angel sold 50,309 shares of the stock in a transaction dated 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 transaction, the director directly owned 480,543 shares in the company, valued at approximately $227,479,445.34. This represents a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.70% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on LIN shares. Citigroup raised Linde from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $500.00 to $535.00 in a report on Monday, June 30th. Royal Bank Of Canada initiated coverage on Linde in a report on Friday, June 13th. They issued an "outperform" rating and a $576.00 target price on the stock. JPMorgan Chase & Co. upped their target price on Linde from $470.00 to $475.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Finally, UBS Group upped their target price on Linde from $485.00 to $504.00 and gave the company a "neutral" rating in a report on Wednesday, July 9th. Two research 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 stock has an average rating of "Buy" and an average target price of $519.63.

Linde Stock Down 0.3%

LIN opened at $482.04 on Monday. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 0.49. The firm has a market cap of $226.03 billion, a P/E ratio of 34.28, a PEG ratio of 3.18 and a beta of 0.95. Linde PLC has a 52 week low of $408.65 and a 52 week high of $487.49. The business's fifty day simple moving average is $472.66 and its 200 day simple moving average is $462.93.

Linde (NASDAQ:LIN - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The basic materials company reported $4.09 EPS for the quarter, beating analysts' consensus estimates of $4.03 by $0.06. The business had revenue of $8.50 billion for 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 business's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter last year, the company 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, equities research analysts anticipate that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Announces Dividend

The firm also recently announced 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. The ex-dividend date is Thursday, September 4th. This represents a $6.00 annualized dividend and a yield of 1.2%. Linde's dividend payout ratio is 42.67%.

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.

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