Marshall Financial Group LLC Invests $929,000 in Linde PLC $LIN

Key Points

• Marshall Financial Group LLC has acquired 1,978 shares of Linde PLC, valued at approximately $929,000, during the second quarter of 2023.
• Linde PLC reported a quarterly EPS of $4.09, exceeding analyst expectations, with a revenue of $8.50 billion, indicating a 2.3% increase year-over-year.
• The company's board has declared a quarterly dividend of $1.50, resulting in an annualized dividend yield of 1.3%.

Marshall Financial Group LLC acquired a new position in shares of Linde PLC (NASDAQ:LIN - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,978 shares of the basic materials company's stock, valued at approximately $929,000.

Other institutional investors have also bought and sold shares of the company. Nuveen LLC bought a new position in Linde in the first quarter valued at $2,097,793,000. GAMMA Investing LLC increased its stake in shares of Linde by 58,312.0% during the first quarter. GAMMA Investing LLC now owns 3,415,935 shares of the basic materials company's stock valued at $1,590,596,000 after purchasing an additional 3,410,087 shares in the last quarter. Deutsche Bank AG increased its stake in shares of Linde by 172.4% during the first quarter. Deutsche Bank AG now owns 2,407,637 shares of the basic materials company's stock valued at $1,121,092,000 after purchasing an additional 1,523,702 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Linde by 18.6% during the first quarter. Wellington Management Group LLP now owns 7,542,991 shares of the basic materials company's stock valued at $3,511,751,000 after acquiring an additional 1,182,157 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Linde during the fourth quarter valued at approximately $386,957,000. Hedge funds and other institutional investors own 82.80% of the company's stock.

Insiders Place Their Bets

In other Linde news, Director Stephen F. Angel sold 50,309 shares of Linde 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 transaction, the director directly owned 480,543 shares of the company's stock, valued at $227,479,445.34. The trade was a 9.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.70% of the stock is currently owned by company insiders.

Linde Stock Up 0.6%

Shares of NASDAQ LIN traded up $3.01 during mid-day trading on Friday, reaching $479.01. The company had a trading volume of 3,725,607 shares, compared to its average volume of 1,663,088. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 0.49. The firm has a 50 day simple moving average of $473.32 and a two-hundred day simple moving average of $463.38. The stock has a market cap of $224.61 billion, a P/E ratio of 34.07, a PEG ratio of 3.14 and a beta of 0.95. Linde PLC has a 52-week low of $408.65 and a 52-week high of $487.49.

Linde (NASDAQ:LIN - Get Free Report) last released its earnings results on Friday, August 1st. The basic materials company reported $4.09 EPS 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%. The business's revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the business earned $3.85 EPS. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. Sell-side analysts predict that Linde PLC will post 16.54 earnings per share for the current year.

Linde Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were 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 was Thursday, September 4th. Linde's payout ratio is 42.67%.

Analysts Set New Price Targets

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

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.