Linde PLC $LIN Shares Acquired by Van Lanschot Kempen Investment Management N.V.

Key Points

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Van Lanschot Kempen Investment Management N.V. boosted its holdings in Linde PLC (NASDAQ:LIN - Free Report) by 1.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,831 shares of the basic materials company's stock after purchasing an additional 575 shares during the quarter. Van Lanschot Kempen Investment Management N.V.'s holdings in Linde were worth $22,738,000 as of its most recent SEC filing.

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

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 dated 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 completion of the sale, the director owned 480,543 shares in the company, valued at approximately $227,479,445.34. The trade was a 9.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.70% of the stock is owned by corporate insiders.

Linde Trading Up 0.2%

Shares of NASDAQ:LIN traded up $0.96 during midday trading on Friday, reaching $481.67. The company's stock had a trading volume of 1,782,492 shares, compared to its average volume of 2,062,129. The business has a 50 day moving average price of $468.98 and a 200 day moving average price of $460.94. Linde PLC has a 1 year low of $408.65 and a 1 year high of $487.49. The firm has a market cap of $225.86 billion, a price-to-earnings ratio of 34.26, a price-to-earnings-growth ratio of 3.18 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 (NASDAQ:LIN - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The basic materials company reported $4.09 EPS for the quarter, beating the consensus estimate of $4.03 by $0.06. The company had revenue of $8.50 billion during the quarter, compared to analysts' expectations of $8.35 billion. Linde had a return on equity of 19.09% and a net margin of 20.20%.The firm's revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $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. Research analysts forecast that Linde PLC will post 16.54 EPS for the current year.

Linde Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, September 4th. Linde's dividend payout ratio (DPR) is 42.67%.

Analyst Ratings Changes

Several analysts have weighed in on LIN shares. JPMorgan Chase & Co. upped their target price on Linde from $470.00 to $475.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Citigroup raised 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 report on Monday, June 30th. UBS Group raised their price objective on shares of Linde from $485.00 to $504.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 9th. Finally, Royal Bank Of Canada started coverage on Linde in a research note on Friday, June 13th. They issued an "outperform" rating and a $576.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus 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.