Riverbridge Partners LLC Has $4.95 Million Holdings in Linde PLC $LIN

Key Points

• Riverbridge Partners LLC reduced its holdings in Linde PLC by 18.8%, now owning 10,551 shares worth approximately $4.95 million after selling 2,436 shares in the second quarter.
• Institutional investors own about 82.80% of Linde's stock, indicating significant institutional interest in the company.
• Linde recently reported earnings per share (EPS) of $4.09 for the last quarter, exceeding estimates, with total revenue of $8.50 billion, representing a year-over-year increase of 2.3%.

Riverbridge Partners LLC cut its position in Linde PLC (NASDAQ:LIN - Free Report) by 18.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,551 shares of the basic materials company's stock after selling 2,436 shares during the quarter. Riverbridge Partners LLC's holdings in Linde were worth $4,950,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of LIN. Brighton Jones LLC acquired a new position in Linde in the 4th quarter valued at $2,752,000. Revolve Wealth Partners LLC grew its position in Linde by 14.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company's stock worth $325,000 after purchasing an additional 96 shares during the last quarter. Park Square Financial Group LLC acquired a new stake in Linde in the 4th quarter worth $104,000. Wood Tarver Financial Group LLC acquired a new stake in Linde in the 4th quarter worth $178,000. Finally, Lansforsakringar Fondforvaltning AB publ acquired a new stake in Linde in the 4th quarter worth $66,277,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Linde

In related 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 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 $227,479,445.34. This trade represents a 9.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have issued reports on LIN. JPMorgan Chase & Co. raised their price target 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. Citigroup upgraded shares of Linde from a "neutral" rating to a "buy" rating and raised their price target for the stock from $500.00 to $535.00 in a research report on Monday, June 30th. UBS Group raised their price target on shares of Linde from $485.00 to $504.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 9th. Finally, Royal Bank Of Canada assumed coverage on shares of Linde in a research report on Friday, June 13th. They issued an "outperform" rating and a $576.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $519.63.

Linde Price Performance

Shares of Linde stock opened at $474.13 on Thursday. 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 firm's 50-day simple moving average is $474.18 and its 200-day simple moving average is $463.58. Linde PLC has a twelve month low of $408.65 and a twelve month high of $487.49. The firm has a market cap of $222.32 billion, a P/E ratio of 33.72, a price-to-earnings-growth ratio of 3.17 and a beta of 0.95.

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 (EPS) 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 period last year, the firm posted $3.85 EPS. The firm's quarterly revenue 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. As a group, research analysts expect that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Dividend Announcement

The company also recently declared 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 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, September 4th. Linde's dividend payout ratio (DPR) is currently 42.67%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.