Vanguard Personalized Indexing Management LLC Acquires 7,401 Shares of Linde PLC $LIN

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Linde PLC by 14.7%, acquiring an additional 7,401 shares, bringing its total holdings to 57,814 shares worth $27.13 million.
• Insider selling occurred when Director Stephen F. Angel sold 50,309 shares at an average price of $473.38, reducing their ownership by 9.48%.
• Analysts have mixed ratings on Linde, with a consensus rating of Buy and a price target of $520, while the company's stock is currently trading at $453.82.

Vanguard Personalized Indexing Management LLC increased its holdings in shares of Linde PLC (NASDAQ:LIN - Free Report) by 14.7% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 57,814 shares of the basic materials company's stock after purchasing an additional 7,401 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Linde were worth $27,132,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Breakwater Capital Group lifted its position in Linde by 2.3% during the second quarter. Breakwater Capital Group now owns 980 shares of the basic materials company's stock worth $460,000 after acquiring an additional 22 shares during the last quarter. Canopy Partners LLC lifted its position in Linde by 2.9% during the second quarter. Canopy Partners LLC now owns 788 shares of the basic materials company's stock worth $370,000 after acquiring an additional 22 shares during the last quarter. Strategy Asset Managers LLC lifted its position 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 acquiring an additional 23 shares during the last quarter. Diversify Advisory Services LLC lifted 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 acquiring an additional 24 shares during the last quarter. Finally, IFP Advisors Inc lifted its position in Linde by 0.8% during the first quarter. IFP Advisors Inc now owns 3,207 shares of the basic materials company's stock worth $1,493,000 after acquiring an additional 24 shares during the last quarter. Institutional investors own 82.80% of the company's stock.

Insider Buying and Selling

In other Linde news, Director Stephen F. Angel sold 50,309 shares of the business's stock in a transaction that occurred on 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 directly owned 480,543 shares in the company, valued at $227,479,445.34. The trade was a 9.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price objective on shares of Linde from $470.00 to $475.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. UBS Group dropped their price target 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. Citigroup lifted their price target on shares of Linde from $530.00 to $535.00 and gave the company a "buy" rating in a research report on Monday, October 6th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Linde in a research report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $520.00.

Linde Stock Down 0.9%

NASDAQ LIN opened at $453.82 on Friday. 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 1-year low of $408.65 and a 1-year high of $487.49. The company has a 50 day moving average of $474.45 and a 200-day moving average of $464.51. The company has a market cap of $212.80 billion, a price-to-earnings ratio of 32.28, a PEG ratio of 3.00 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 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $8.35 billion. During the same period in the previous year, the business earned $3.85 earnings per share. The company's 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. On average, equities research analysts expect that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Dividend Announcement

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

Linde Profile

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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