S Bank Fund Management Ltd Buys New Stake in Linde PLC $LIN

Key Points

• S Bank Fund Management Ltd acquired a new stake in Linde PLC, purchasing 6,000 shares valued at approximately $2.8 million in the second quarter.
• Linde recently reported earnings per share of $4.09, exceeding analysts' expectations, with quarterly revenue rising 2.3% year-over-year to $8.50 billion.
• The company announced a quarterly dividend of $1.50, translating to an annualized dividend of $6.00 and a yield of 1.3%.

S Bank Fund Management Ltd bought a new stake in Linde PLC (NASDAQ:LIN - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund bought 6,000 shares of the basic materials company's stock, valued at approximately $2,815,000.

Several other large investors have also recently made changes to their positions in LIN. Brighton Jones LLC acquired a new position in shares of Linde in the 4th quarter valued at $2,752,000. Revolve Wealth Partners LLC lifted its stake in shares of Linde by 14.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company's stock valued at $325,000 after purchasing an additional 96 shares during the period. GAMMA Investing LLC lifted its stake in shares of Linde by 25.4% in the 1st quarter. GAMMA Investing LLC now owns 7,336 shares of the basic materials company's stock valued at $3,416,000 after purchasing an additional 1,488 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in Linde by 6.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 61,427 shares of the basic materials company's stock worth $28,603,000 after acquiring an additional 3,838 shares during the period. Finally, Mission Wealth Management LP raised its position in Linde by 9.1% during the first quarter. Mission Wealth Management LP now owns 2,666 shares of the basic materials company's stock worth $1,242,000 after acquiring an additional 222 shares during the period. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Linde Trading Down 1.7%

Shares of LIN opened at $451.42 on Thursday. The company has a current ratio of 0.93, a quick ratio of 0.78 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 firm has a 50-day moving average price of $473.62 and a 200 day moving average price of $464.37. The firm has a market capitalization of $211.68 billion, a P/E ratio of 32.11, a P/E/G ratio of 3.03 and a beta of 0.93.

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 (EPS) for the quarter, beating 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 firm had revenue of $8.50 billion during the quarter, compared to analyst estimates of $8.35 billion. During the same quarter in the prior year, the firm posted $3.85 earnings per share. Linde'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. Sell-side analysts forecast that Linde PLC will post 16.54 EPS for the current year.

Linde Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were issued a $1.50 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.3%. Linde's dividend payout ratio is currently 42.67%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Citigroup upped 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, October 6th. Weiss Ratings restated a "buy (b)" rating on shares of Linde in a research report on Wednesday, October 8th. UBS Group reduced their price objective on shares of Linde from $510.00 to $507.00 and set a "neutral" rating for the company in a research report on Monday, October 6th. Finally, JPMorgan Chase & Co. upped their target price on shares of Linde from $470.00 to $475.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $520.00.

Insider Activity

In other Linde news, Director Stephen F. Angel sold 50,309 shares of the 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 owned 480,543 shares of the company's stock, valued at $227,479,445.34. This trade represents a 9.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.70% of the company's stock.

About Linde

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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