Prime Capital Investment Advisors LLC Lowers Holdings in Linde PLC $LIN

Key Points

• Prime Capital Investment Advisors LLC has decreased its holdings in Linde PLC by 16.3%, selling 732 shares during the second quarter, now owning 3,761 shares valued at approximately $1.76 million.
• Insider trading was reported as Director Stephen F. Angel sold 50,309 shares at an average price of $473.38, decreasing his position by 9.48%.
• Linde PLC's quarterly earnings beat estimates, reporting $4.09 EPS and revenue of $8.50 billion, showcasing a year-over-year revenue increase of 2.3%.

Prime Capital Investment Advisors LLC trimmed its position in Linde PLC (NASDAQ:LIN - Free Report) by 16.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,761 shares of the basic materials company's stock after selling 732 shares during the period. Prime Capital Investment Advisors LLC's holdings in Linde were worth $1,764,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nuveen LLC purchased a new stake in shares of Linde during the 1st quarter worth $2,097,793,000. Deutsche Bank AG boosted its position in shares of Linde by 172.4% during the 1st quarter. Deutsche Bank AG now owns 2,407,637 shares of the basic materials company's stock worth $1,121,092,000 after purchasing an additional 1,523,702 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Linde by 18.6% during the 1st quarter. Wellington Management Group LLP now owns 7,542,991 shares of the basic materials company's stock worth $3,511,751,000 after purchasing an additional 1,182,157 shares in the last quarter. Alecta Tjanstepension Omsesidigt purchased a new stake in shares of Linde during the 1st quarter worth $233,405,000. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Linde by 5.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,600,297 shares of the basic materials company's stock worth $4,470,284,000 after purchasing an additional 453,108 shares in the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related 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 value of $23,815,274.42. Following the completion of the transaction, the director owned 480,543 shares of the company's stock, valued at approximately $227,479,445.34. The trade was a 9.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.70% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on LIN shares. UBS Group decreased their target price on shares of Linde from $510.00 to $507.00 and set a "neutral" rating on the stock in a research report on Monday. JPMorgan Chase & Co. boosted 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. Weiss Ratings reiterated a "buy (b)" rating on shares of Linde in a research report on Wednesday. Royal Bank Of Canada began coverage on shares of Linde in a research report on Friday, June 13th. They issued an "outperform" rating and a $576.00 price objective on the stock. Finally, Citigroup boosted their price objective on shares of Linde from $530.00 to $535.00 and gave the stock a "buy" rating in a research report on Monday. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $520.00.

Linde Price Performance

Linde stock opened at $467.83 on Thursday. Linde PLC has a 52 week low of $408.65 and a 52 week high of $487.49. 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's 50-day simple moving average is $474.60 and its 200 day simple moving average is $464.52. The firm has a market capitalization of $219.37 billion, a PE ratio of 33.27, a P/E/G ratio of 3.11 and a beta of 0.93.

Linde (NASDAQ:LIN - Get Free Report) last announced its earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share for the quarter, beating the consensus estimate of $4.03 by $0.06. Linde had a net margin of 20.20% and a return on equity of 19.09%. The firm had revenue of $8.50 billion during the quarter, compared to the consensus estimate of $8.35 billion. During the same quarter in the previous year, the company posted $3.85 EPS. The firm's revenue for the quarter was up 2.3% on a year-over-year basis. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. On average, equities research analysts predict that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Announces Dividend

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