Twin Tree Management LP Takes $14.84 Million Position in Linde PLC $LIN

Key Points

• Twin Tree Management LP has acquired a new stake in Linde PLC, purchasing 31,866 shares valued at approximately $14.84 million in the first quarter.
• Analysts have recently revised their ratings for Linde, with JPMorgan raising their target price from $470 to $475 and Citigroup upgrading their rating from "neutral" to "buy" with a new target of $535.
• The company has announced a quarterly dividend of $1.50 per share, reflecting an annualized payout of $6.00 and a dividend yield of 1.3%.

Twin Tree Management LP purchased a new position in shares of Linde PLC (NASDAQ:LIN - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 31,866 shares of the basic materials company's stock, valued at approximately $14,838,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Strategy Asset Managers LLC boosted its holdings 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 holdings 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 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 valued at $1,493,000 after acquiring an additional 24 shares during the last quarter. Richards Merrill & Peterson Inc. boosted 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 valued at $380,000 after acquiring an additional 24 shares during the last quarter. Finally, Enterprise Financial Services Corp boosted its holdings in Linde by 3.9% in the first quarter. Enterprise Financial Services Corp now owns 647 shares of the basic materials company's stock valued at $301,000 after acquiring an additional 24 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Stephen F. Angel sold 50,309 shares of the stock in a transaction on 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 completion of the sale, the director directly owned 480,543 shares of the company's stock, valued at approximately $227,479,445.34. This represents a 9.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on LIN. UBS Group upped their target price on Linde from $485.00 to $504.00 and gave the company a "neutral" rating in a report on Wednesday, July 9th. Citigroup upgraded Linde from a "neutral" rating to a "buy" rating and upped their target price for the company from $500.00 to $535.00 in a report on Monday, June 30th. JPMorgan Chase & Co. increased their price target on Linde from $470.00 to $475.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Finally, Royal Bank Of Canada began coverage on Linde in a report on Friday, June 13th. They set an "outperform" rating and a $576.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $519.63.

Linde Stock Down 0.9%

NASDAQ LIN traded down $4.15 during mid-day trading on Tuesday, hitting $474.14. The company's stock had a trading volume of 1,261,660 shares, compared to its average volume of 1,469,702. The company's 50 day simple moving average is $471.70 and its 200 day simple moving average is $462.07. Linde PLC has a twelve month low of $408.65 and a twelve month high of $487.49. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $222.33 billion, a price-to-earnings ratio of 29.99, a PEG ratio of 3.16 and a beta of 0.95.

Linde (NASDAQ:LIN - Get Free Report) last posted 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. The business had revenue of $8.50 billion during 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 was up 2.3% compared to the same quarter last year. During the same quarter last year, the firm 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. Analysts anticipate that Linde PLC will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

The business also recently declared 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 1.3%. The ex-dividend date of this dividend is Thursday, September 4th. Linde's dividend payout ratio is presently 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.