Raymond James Financial Inc. Has $347.09 Million Holdings in Linde PLC $LIN

Key Points

• Raymond James Financial Inc. has increased its stake in Linde PLC by 1.2%, owning approximately 0.16% of the company, valued at $347.09 million.
• The company recently reported a quarterly earnings per share of $4.09, exceeding analyst expectations, with a revenue of $8.50 billion for the quarter.
• Linde announced a quarterly dividend of $1.50 per share, reflecting a 1.2% yield and a payout ratio of 42.67%.

Raymond James Financial Inc. raised its holdings in Linde PLC (NASDAQ:LIN - Free Report) by 1.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 745,400 shares of the basic materials company's stock after purchasing an additional 9,140 shares during the quarter. Raymond James Financial Inc. owned approximately 0.16% of Linde worth $347,088,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of LIN. Capital World Investors increased its stake in shares of Linde by 34.4% in the fourth quarter. Capital World Investors now owns 11,547,765 shares of the basic materials company's stock valued at $4,834,631,000 after buying an additional 2,957,604 shares in the last quarter. Capital Research Global Investors grew its holdings in Linde by 6.4% during the 4th quarter. Capital Research Global Investors now owns 9,214,290 shares of the basic materials company's stock worth $3,857,741,000 after acquiring an additional 554,480 shares during the last quarter. Freemont Capital Pte Ltd bought a new stake in Linde during the 4th quarter worth about $2,128,233,000. Northern Trust Corp increased its position in Linde by 11.3% in the 4th quarter. Northern Trust Corp now owns 4,925,322 shares of the basic materials company's stock valued at $2,062,085,000 after acquiring an additional 500,489 shares in the last quarter. Finally, Nuveen LLC bought a new position in shares of Linde in the first quarter worth about $2,097,793,000. Institutional investors and hedge funds own 82.80% of the company's stock.

Insider Buying and Selling

In other news, VP Sean Durbin sold 7,261 shares of the business's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $456.42, for a total value of $3,314,065.62. Following the sale, the vice president owned 8,151 shares of the company's stock, valued at $3,720,279.42. The trade was a 47.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Stephen F. Angel sold 50,309 shares of the firm's stock in a transaction 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 completion of the transaction, the director directly owned 480,543 shares of the company's stock, valued at approximately $227,479,445.34. This trade represents a 9.48% decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is owned by company insiders.

Linde Trading Up 0.5%

LIN traded up $2.44 during midday trading on Wednesday, reaching $482.36. 1,160,932 shares of the company were exchanged, compared to its average volume of 2,068,954. The stock has a market capitalization of $226.18 billion, a P/E ratio of 34.31, a PEG ratio of 3.16 and a beta of 0.92. Linde PLC has a one year low of $408.65 and a one year high of $487.49. The stock's 50-day simple moving average is $468.50 and its 200 day simple moving average is $460.61. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.78 and a current ratio of 0.93.

Linde (NASDAQ:LIN - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share for the quarter, beating analysts' consensus estimates of $4.03 by $0.06. The business had revenue of $8.50 billion for the quarter, compared to the consensus estimate of $8.35 billion. Linde had a net margin of 20.20% and a return on equity of 19.09%. Linde's revenue for the quarter was up 2.3% on a year-over-year basis. During the same period last year, the company posted $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. As a group, analysts forecast that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, September 4th. Linde's dividend payout ratio (DPR) is currently 42.67%.

Wall Street Analyst Weigh In

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