Lord Abbett & CO. LLC Has $199.82 Million Holdings in Linde PLC $LIN

Key Points

• Lord Abbett & CO. LLC increased its holdings in Linde PLC by 49.4% during Q1, owning $199.82 million worth of stock after acquiring an additional 141,984 shares.
• Analysts have a positive outlook on Linde, with a consensus "Buy" rating and a target price of $519.63, reflecting recent upgrades from firms like Citigroup and JPMorgan Chase & Co.
• In the most recent quarter, Linde reported $4.09 EPS, exceeding analysts' expectations, and also declared a quarterly dividend of $1.50 per share set to be paid on September 18th.

Lord Abbett & CO. LLC lifted its position in Linde PLC (NASDAQ:LIN - Free Report) by 49.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 429,139 shares of the basic materials company's stock after buying an additional 141,984 shares during the period. Lord Abbett & CO. LLC owned about 0.09% of Linde worth $199,824,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC bought a new stake in Linde during the 4th quarter worth approximately $2,752,000. Revolve Wealth Partners LLC boosted its holdings in shares of Linde by 14.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company's stock valued at $325,000 after buying an additional 96 shares during the period. Bank Pictet & Cie Europe AG increased its position in shares of Linde by 2.8% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 68,460 shares of the basic materials company's stock worth $28,662,000 after acquiring an additional 1,876 shares in the last quarter. Focus Partners Advisor Solutions LLC raised its holdings in shares of Linde by 80.4% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 2,253 shares of the basic materials company's stock worth $943,000 after acquiring an additional 1,004 shares during the period. Finally, Mariner LLC lifted its position in Linde by 0.3% in the 4th quarter. Mariner LLC now owns 75,243 shares of the basic materials company's stock valued at $31,502,000 after acquiring an additional 192 shares in the last quarter. 82.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on LIN shares. UBS Group lifted their price target on Linde from $485.00 to $504.00 and gave the company a "neutral" rating in a research note on Wednesday, July 9th. Royal Bank Of Canada began coverage on Linde in a research report on Friday, June 13th. They issued an "outperform" rating and a $576.00 target price on the stock. Citigroup raised shares of Linde from a "neutral" rating to a "buy" rating and raised their price target for the stock from $500.00 to $535.00 in a research note on Monday, June 30th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Linde from $470.00 to $475.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $519.63.

Linde Stock Performance

Shares of LIN stock traded up $1.40 on Tuesday, reaching $479.91. The stock had a trading volume of 401,491 shares, compared to its average volume of 2,067,471. Linde PLC has a 12 month low of $408.65 and a 12 month high of $487.49. The firm has a market capitalization of $225.03 billion, a price-to-earnings ratio of 34.15, a P/E/G ratio of 3.17 and a beta of 0.92. The firm's 50-day moving average is $468.41 and its two-hundred day moving average is $460.47. 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 (NASDAQ:LIN - Get Free Report) last released 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. Linde had a return on equity of 19.09% and a net margin of 20.20%.The firm had revenue of $8.50 billion for the quarter, compared to analyst estimates of $8.35 billion. During the same quarter in the prior year, the company earned $3.85 earnings per share. The business's revenue for the quarter was up 2.3% compared to the same quarter last year. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. On average, research analysts expect that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders 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 yield of 1.3%. The ex-dividend date of this dividend is Thursday, September 4th. Linde's payout ratio is 42.67%.

Insider Buying and Selling at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of the stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $473.38, for a total value of $23,815,274.42. Following the transaction, the director directly owned 480,543 shares of the company's stock, valued at $227,479,445.34. This represents a 9.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Sean Durbin sold 7,261 shares of Linde stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $456.42, for a total transaction of $3,314,065.62. Following the sale, 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 disclosure for this sale can be found here. 0.70% of the stock is owned by insiders.

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.