Ramirez Asset Management Inc. Buys 4,253 Shares of Linde PLC $LIN

Key Points

• Ramirez Asset Management Inc. increased its shareholding in Linde PLC by 56.5% in Q2, purchasing an additional 4,253 shares, bringing their total to 11,779 shares valued at approximately $5.5 million.
• Analysts have issued mixed ratings for Linde, with Citigroup raising the price target to $535 and others maintaining a range of ratings from "Strong Buy" to "Hold," suggesting a consensus target price of $520.
• Linde recently reported Q2 earnings of $4.09 per share, exceeding analyst expectations and indicating revenue growth of 2.3% year-over-year, alongside an announced dividend of $1.50 per share.

Ramirez Asset Management Inc. raised its holdings in Linde PLC (NASDAQ:LIN - Free Report) by 56.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,779 shares of the basic materials company's stock after buying an additional 4,253 shares during the period. Ramirez Asset Management Inc.'s holdings in Linde were worth $5,526,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Bartlett & CO. Wealth Management LLC lifted its stake 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 buying an additional 3,230 shares in the last quarter. Truist Financial Corp lifted its stake 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 buying an additional 82,952 shares in the last quarter. Freedom Day Solutions LLC lifted its stake 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 buying an additional 535 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its stake 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 buying an additional 4,839 shares in the last quarter. Finally, Hourglass Capital LLC bought a new position in shares of Linde in the first quarter valued at $935,000. 82.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on LIN. Citigroup raised their price objective on shares of Linde from $530.00 to $535.00 and gave the company a "buy" rating in a research note on Monday. UBS Group dropped their price target on shares of Linde from $510.00 to $507.00 and set a "neutral" rating on the stock in a research report on Monday. Weiss Ratings reissued a "buy (b)" rating on shares of Linde in a research report on Wednesday. JPMorgan Chase & Co. raised their price target on shares of Linde from $470.00 to $475.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Finally, Royal Bank Of Canada started coverage on shares of Linde in a research report on Friday, June 13th. They set an "outperform" rating and a $576.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Linde presently has a consensus rating of "Buy" and a consensus target price of $520.00.

Linde Stock Performance

NASDAQ LIN opened at $458.16 on Friday. Linde PLC has a 52-week low of $408.65 and a 52-week high of $487.49. The company has a 50-day simple moving average of $474.56 and a 200 day simple moving average of $464.52. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.78 and a current ratio of 0.93. The company has a market capitalization of $214.84 billion, a PE ratio of 32.59, a price-to-earnings-growth ratio of 3.09 and a beta of 0.93.

Linde (NASDAQ:LIN - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The basic materials company reported $4.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.03 by $0.06. Linde had a net margin of 20.20% and a return on equity of 19.09%. The business had revenue of $8.50 billion during the quarter, compared to the consensus estimate of $8.35 billion. During the same quarter last year, the company posted $3.85 earnings per share. The firm's quarterly revenue 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 predict that Linde PLC will post 16.54 EPS for the current year.

Linde Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were issued 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 was Thursday, September 4th. Linde's dividend payout ratio (DPR) is 42.67%.

Insider Transactions at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of Linde 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 in the company, valued at $227,479,445.34. This trade 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. Company insiders own 0.70% of the company's stock.

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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