Novem Group Invests $847,000 in Linde PLC $LIN

Key Points

• Novem Group recently invested $847,000 in Linde PLC by acquiring 1,804 shares during the second quarter.
• Linde's Director, Stephen F. Angel, sold 50,309 shares in August, decreasing his ownership by 9.48% and leaving him with shares valued at approximately $227 million.
• Linde reported $4.09 EPS for the last quarter, surpassing estimates, and has set its FY 2025 guidance between 16.300-16.500 EPS.

Novem Group acquired a new position in Linde PLC (NASDAQ:LIN - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,804 shares of the basic materials company's stock, valued at approximately $847,000.

A number of other institutional investors also recently bought and sold shares of LIN. North Capital Inc. purchased a new position in shares of Linde during the first quarter worth $25,000. Abound Financial LLC purchased a new position in shares of Linde during the first quarter worth $41,000. eCIO Inc. purchased a new position in shares of Linde during the first quarter worth $45,000. Clal Insurance Enterprises Holdings Ltd raised its stake in shares of Linde by 445.0% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company's stock valued at $51,000 after buying an additional 89 shares during the last quarter. Finally, Nova Wealth Management Inc. purchased a new position in shares of Linde during the 1st quarter valued at about $52,000. 82.80% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of the business's stock in a transaction dated 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 completion of the sale, the director 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.70% of the stock is owned by corporate insiders.

Linde Stock Up 0.1%

Linde stock opened at $474.41 on Friday. The stock has a market capitalization of $222.46 billion, a PE ratio of 33.74, a price-to-earnings-growth ratio of 3.13 and a beta of 0.95. Linde PLC has a 12 month low of $408.65 and a 12 month high of $487.49. The business has a 50 day simple moving average of $474.62 and a 200-day simple moving average of $463.80. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.93 and a quick ratio of 0.78.

Linde (NASDAQ:LIN - Get Free Report) last issued its quarterly 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 analyst estimates of $8.35 billion. Linde had a net margin of 20.20% and a return on equity of 19.09%. The firm's revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm 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. On average, analysts anticipate that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were paid a dividend of $1.50 per share. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.3%. Linde's payout ratio is currently 42.67%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on LIN. Citigroup upgraded Linde from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $500.00 to $535.00 in a research note on Monday, June 30th. JPMorgan Chase & Co. lifted their price target on 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 started coverage on shares of Linde in a report on Friday, June 13th. They set an "outperform" rating and a $576.00 target price for the company. Finally, UBS Group lifted their target price on shares of Linde from $485.00 to $504.00 and gave the company a "neutral" rating in a report on Wednesday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $519.63.

About Linde

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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