Phoenix Financial Ltd. Has $7.45 Million Holdings in Linde PLC $LIN

Key Points

• Phoenix Financial Ltd. increased its stake in Linde PLC by 9.6%, owning 15,885 shares valued at approximately $7.45 million as of the latest report.
• Linde announced a quarterly dividend of $1.50 per share, yielding 1.3%, with a payout ratio of 42.67%.
• Linde reported earnings of $4.09 per share for the last quarter, surpassing expectations and indicating a revenue increase of 2.3% year-over-year.

Phoenix Financial Ltd. boosted its holdings in shares of Linde PLC (NASDAQ:LIN - Free Report) by 9.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,885 shares of the basic materials company's stock after buying an additional 1,397 shares during the quarter. Phoenix Financial Ltd.'s holdings in Linde were worth $7,451,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Bartlett & CO. Wealth Management LLC grew its position in shares of Linde by 1.3% in the second quarter. Bartlett & CO. Wealth Management LLC now owns 249,742 shares of the basic materials company's stock valued at $117,174,000 after purchasing an additional 3,230 shares during the last quarter. Truist Financial Corp grew its position in shares of Linde by 75.0% in the first quarter. Truist Financial Corp now owns 193,563 shares of the basic materials company's stock valued at $90,131,000 after purchasing an additional 82,952 shares during the last quarter. Freedom Day Solutions LLC grew its position in shares of Linde by 9.6% in the first quarter. Freedom Day Solutions LLC now owns 6,102 shares of the basic materials company's stock valued at $2,841,000 after purchasing an additional 535 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its position in shares of Linde by 25.9% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 23,558 shares of the basic materials company's stock valued at $10,970,000 after purchasing an additional 4,839 shares during the last quarter. Finally, Hourglass Capital LLC acquired a new position in shares of Linde in the first quarter valued at approximately $935,000. Institutional investors and hedge funds own 82.80% of the company's stock.

Linde Trading Up 0.1%

Shares of LIN stock opened at $451.56 on Tuesday. 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 stock has a market cap of $211.74 billion, a P/E ratio of 32.12, a price-to-earnings-growth ratio of 2.98 and a beta of 0.93. The stock has a 50 day simple moving average of $472.31 and a 200 day simple moving average of $464.14. Linde PLC has a 1 year low of $408.65 and a 1 year high of $486.38.

Linde (NASDAQ:LIN - Get Free Report) last issued its quarterly earnings results 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. The business had revenue of $8.50 billion during the quarter, compared to analysts' expectations of $8.35 billion. Linde had a return on equity of 19.09% and a net margin of 20.20%.The firm's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company posted $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. On average, research analysts predict that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Announces Dividend

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

Insiders Place Their Bets

In other Linde news, Director Stephen F. Angel sold 50,309 shares of the company's stock in a transaction on 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 completion of the sale, the director directly owned 480,543 shares in the company, valued at $227,479,445.34. This represents 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 the SEC website. 0.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

LIN has been the topic of several research reports. Citigroup upped their target price on Linde from $530.00 to $535.00 and gave the company a "buy" rating in a research report on Monday, October 6th. JPMorgan Chase & Co. upped their target price on Linde from $470.00 to $475.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. UBS Group cut their price target on Linde from $510.00 to $507.00 and set a "neutral" rating for the company in a research note on Monday, October 6th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Linde in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $520.00.

Linde 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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