V Square Quantitative Management LLC Lowers Stock Position in Linde PLC $LIN

Key Points

• V Square Quantitative Management LLC reduced its stake in Linde PLC by 9.3%, owning 8,925 shares after selling 917 shares during the second quarter, with the stock representing 0.6% of their portfolio.
• Director Stephen F. Angel sold 50,309 shares of Linde at an average price of $473.38, leading to a 9.48% decrease in his position, while still retaining 480,543 shares valued at approximately $227.5 million.
• Linde reported $4.09 earnings per share for the recent quarter, exceeding expectations, with a revenue of $8.50 billion and positive guidance for future earnings.

V Square Quantitative Management LLC reduced its stake in shares of Linde PLC (NASDAQ:LIN - Free Report) by 9.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,925 shares of the basic materials company's stock after selling 917 shares during the period. Linde accounts for 0.6% of V Square Quantitative Management LLC's portfolio, making the stock its 25th biggest holding. V Square Quantitative Management LLC's holdings in Linde were worth $4,187,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in LIN. Brighton Jones LLC purchased a new position in shares of Linde during the 4th quarter valued at about $2,752,000. Revolve Wealth Partners LLC raised its stake in Linde by 14.1% during 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. Meyer Handelman Co. bought a new stake in Linde during the 1st quarter valued at approximately $210,000. Fifth Third Wealth Advisors LLC raised its stake in Linde by 12.8% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 10,759 shares of the basic materials company's stock valued at $5,010,000 after purchasing an additional 1,224 shares during the period. Finally, Aletheian Wealth Advisors LLC bought a new stake in Linde during the 1st quarter valued at approximately $292,000. 82.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of the business's stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $473.38, for a total transaction of $23,815,274.42. Following the transaction, the director owned 480,543 shares of the company's stock, valued at approximately $227,479,445.34. The trade was a 9.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.70% of the company's stock.

Linde Stock Performance

NASDAQ LIN opened at $474.41 on Monday. The company has a market cap of $222.46 billion, a P/E ratio of 33.74, a P/E/G ratio of 3.13 and a beta of 0.95. 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 business's 50 day moving average price is $474.62 and its 200-day moving average price is $463.97. Linde PLC has a fifty-two week low of $408.65 and a fifty-two week high of $487.49.

Linde (NASDAQ:LIN - Get Free Report) last released its earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share for the quarter, beating the consensus estimate of $4.03 by $0.06. The firm had revenue of $8.50 billion for the quarter, compared to the consensus estimate of $8.35 billion. Linde had a return on equity of 19.09% and a net margin of 20.20%.The company's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company 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. Sell-side analysts predict that Linde PLC will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were given a dividend of $1.50 per share. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $6.00 annualized dividend and a dividend yield of 1.3%. Linde's payout ratio is currently 42.67%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on LIN shares. Citigroup raised Linde from a "neutral" rating to a "buy" rating and lifted their target price for the company from $500.00 to $535.00 in a research note on Monday, June 30th. JPMorgan Chase & Co. lifted their target price on Linde from $470.00 to $475.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. UBS Group lifted their target price on Linde from $485.00 to $504.00 and gave the company a "neutral" rating in a research note on Wednesday, July 9th. Finally, Royal Bank Of Canada assumed coverage on Linde in a research note on Friday, June 13th. They issued an "outperform" rating and a $576.00 price objective on the stock. Two research 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $519.63.

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.

Want to see what other hedge funds are holding LIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Linde PLC (NASDAQ:LIN - Free Report).

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.