SVB Wealth LLC Sells 7,426 Shares of Linde PLC $LIN

Key Points

• SVB Wealth LLC has reduced its holdings in Linde PLC by 56.2%, selling 7,426 shares to own 5,783 shares valued at approximately $2.69 million.
• Linde recently reported $4.09 earnings per share for the last quarter, surpassing the consensus estimate of $4.03, with revenue of $8.50 billion.
• The company has declared a quarterly dividend of $1.50 per share, with a payment date of September 18th, representing a 1.2% dividend yield.

SVB Wealth LLC cut its holdings in shares of Linde PLC (NASDAQ:LIN - Free Report) by 56.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,783 shares of the basic materials company's stock after selling 7,426 shares during the period. SVB Wealth LLC's holdings in Linde were worth $2,693,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Strategy Asset Managers LLC boosted its stake in Linde by 2.8% in the first quarter. Strategy Asset Managers LLC now owns 834 shares of the basic materials company's stock valued at $388,000 after acquiring an additional 23 shares during the last quarter. Diversify Advisory Services LLC boosted 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 acquiring an additional 24 shares during the last quarter. IFP Advisors Inc boosted its stake in Linde by 0.8% in the first quarter. IFP Advisors Inc now owns 3,207 shares of the basic materials company's stock valued at $1,493,000 after acquiring an additional 24 shares during the last quarter. Richards Merrill & Peterson Inc. boosted its stake in Linde by 3.0% in the first quarter. Richards Merrill & Peterson Inc. now owns 816 shares of the basic materials company's stock valued at $380,000 after acquiring an additional 24 shares during the last quarter. Finally, Rockingstone Advisors LLC boosted its stake in Linde by 0.3% in the first quarter. Rockingstone Advisors LLC now owns 8,340 shares of the basic materials company's stock valued at $3,883,000 after acquiring an additional 25 shares during the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LIN has been the topic of a number of recent research reports. Citigroup upgraded shares of Linde from a "neutral" rating to a "buy" rating and upped their price target for the company from $500.00 to $535.00 in a research note on Monday, June 30th. JPMorgan Chase & Co. upped their price target 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 initiated coverage on shares of Linde in a research note on Friday, June 13th. They set an "outperform" rating and a $576.00 price target on the stock. Finally, UBS Group upped their price target on shares of Linde from $485.00 to $504.00 and gave the company a "neutral" rating in a research note on Wednesday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Linde presently has an average rating of "Buy" and an average price target of $519.63.

Insider Transactions at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of the stock in a transaction on 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 transaction, the director owned 480,543 shares of the company's stock, valued at $227,479,445.34. This represents a 9.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.70% of the stock is owned by corporate insiders.

Linde Price Performance

NASDAQ LIN traded up $0.79 on Wednesday, hitting $482.71. The stock had a trading volume of 2,259,608 shares, compared to its average volume of 2,047,839. Linde PLC has a 52-week low of $408.65 and a 52-week high of $487.49. 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 $226.35 billion, a price-to-earnings ratio of 34.33, a price-to-earnings-growth ratio of 3.16 and a beta of 0.92. The firm has a 50-day moving average of $469.94 and a 200-day moving average of $461.48.

Linde (NASDAQ:LIN - Get Free Report) last posted its earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share (EPS) for the quarter, topping 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 business had revenue of $8.50 billion for the quarter, compared to analysts' expectations of $8.35 billion. During the same period in the prior year, the company posted $3.85 EPS. The business's revenue for the quarter 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. Equities analysts expect that Linde PLC will post 16.54 EPS for the current year.

Linde Dividend Announcement

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

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.