Roberts Capital Advisors LLC Invests $1.19 Million in Linde PLC $LIN

Key Points

• Roberts Capital Advisors LLC acquired a new position in Linde PLC during the 1st quarter, purchasing 2,557 shares valued at approximately $1.19 million, making Linde 1.0% of its investment portfolio.
• Linde recently reported earnings of $4.09 per share for the quarter, exceeding estimates, with total revenue of $8.50 billion, reflecting a 2.3% increase compared to the same period last year.
• The company declared a quarterly dividend of $1.50 per share, which will be paid on September 18th, representing an annualized dividend yield of 1.2%.

Roberts Capital Advisors LLC purchased a new position in Linde PLC (NASDAQ:LIN - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,557 shares of the basic materials company's stock, valued at approximately $1,191,000. Linde makes up approximately 1.0% of Roberts Capital Advisors LLC's investment portfolio, making the stock its 23rd biggest holding.

A number of other institutional investors have also recently made changes to their positions in the company. Strategy Asset Managers LLC lifted its stake in shares of Linde by 2.8% during the 1st quarter. Strategy Asset Managers LLC now owns 834 shares of the basic materials company's stock worth $388,000 after purchasing an additional 23 shares during the last quarter. Diversify Advisory Services LLC grew its stake in Linde by 2.5% in the first quarter. Diversify Advisory Services LLC now owns 999 shares of the basic materials company's stock valued at $450,000 after purchasing an additional 24 shares during the last quarter. IFP Advisors Inc raised its holdings in Linde by 0.8% in the first quarter. IFP Advisors Inc now owns 3,207 shares of the basic materials company's stock worth $1,493,000 after purchasing an additional 24 shares in the last quarter. Richards Merrill & Peterson Inc. raised its holdings in Linde by 3.0% in the first quarter. Richards Merrill & Peterson Inc. now owns 816 shares of the basic materials company's stock worth $380,000 after purchasing an additional 24 shares in the last quarter. Finally, Rockingstone Advisors LLC lifted its position in shares of Linde by 0.3% during the first quarter. Rockingstone Advisors LLC now owns 8,340 shares of the basic materials company's stock valued at $3,883,000 after buying an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 82.80% of the company's stock.

Linde Stock Performance

Shares of LIN traded up $2.3510 during trading hours on Wednesday, reaching $482.2710. 765,746 shares of the company traded hands, compared to its average volume of 2,066,162. The stock has a market capitalization of $226.14 billion, a P/E ratio of 34.30, a P/E/G ratio of 3.16 and a beta of 0.92. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 0.49. Linde PLC has a 12-month low of $408.65 and a 12-month high of $487.49. The business has a fifty day moving average price of $468.50 and a 200-day moving average price of $460.61.

Linde (NASDAQ:LIN - Get Free Report) last announced its quarterly earnings data 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. Linde had a return on equity of 19.09% and a net margin of 20.20%.The business had revenue of $8.50 billion for the quarter, compared to analyst estimates of $8.35 billion. During the same period in the prior year, the company earned $3.85 earnings per share. The company's 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. Equities analysts anticipate that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have recently weighed in on LIN shares. Citigroup upgraded shares of 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. JPMorgan Chase & Co. raised their target price on shares of Linde from $470.00 to $475.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Royal Bank Of Canada assumed coverage on shares of Linde in a report on Friday, June 13th. They issued an "outperform" rating and a $576.00 price target on the stock. Finally, UBS Group upped their price target on Linde from $485.00 to $504.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 9th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $519.63.

Insider Activity at Linde

In other news, VP Sean Durbin sold 7,261 shares of the 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 in the company, valued at $3,720,279.42. This represents a 47.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephen F. Angel sold 50,309 shares of the stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $473.38, for a total value of $23,815,274.42. Following 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 disclosure for this sale can be found here. 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.