Vontobel Holding Ltd. Decreases Stake in Linde PLC $LIN

Key Points

• Vontobel Holding Ltd. has reduced its stake in Linde PLC by 7.0%, now holding 281,116 shares valued at approximately $131.9 million.
• Director Stephen F. Angel sold 50,309 shares for over $23.8 million, indicating a 9.48% decrease in his ownership of the stock.
• Linde recently declared a quarterly dividend of $1.50 per share, with an annualized yield of 1.3% and a payout ratio of 42.67%.

Vontobel Holding Ltd. cut its holdings in Linde PLC (NASDAQ:LIN - Free Report) by 7.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 281,116 shares of the basic materials company's stock after selling 21,117 shares during the quarter. Vontobel Holding Ltd. owned 0.06% of Linde worth $131,894,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of LIN. Brighton Jones LLC purchased a new stake in shares of Linde in the fourth quarter valued at approximately $2,752,000. Revolve Wealth Partners LLC boosted its position in Linde by 14.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company's stock worth $325,000 after purchasing an additional 96 shares in the last quarter. Capital Investment Advisors LLC boosted its position in Linde by 24.9% during the first quarter. Capital Investment Advisors LLC now owns 1,506 shares of the basic materials company's stock worth $701,000 after purchasing an additional 300 shares in the last quarter. First Citizens Bank & Trust Co. boosted its position in Linde by 9.1% during the first quarter. First Citizens Bank & Trust Co. now owns 1,912 shares of the basic materials company's stock worth $890,000 after purchasing an additional 159 shares in the last quarter. Finally, Portside Wealth Group LLC boosted its position in Linde by 16.6% during the first quarter. Portside Wealth Group LLC now owns 901 shares of the basic materials company's stock worth $420,000 after purchasing an additional 128 shares in the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Linde news, Director Stephen F. Angel sold 50,309 shares of the company'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 directly owned 480,543 shares in the company, valued at $227,479,445.34. This represents a 9.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.70% of the stock is owned by corporate insiders.

Linde Stock Performance

NASDAQ LIN opened at $467.83 on Thursday. Linde PLC has a fifty-two week low of $408.65 and a fifty-two week high of $487.49. The stock has a market cap of $219.37 billion, a price-to-earnings ratio of 33.27, a price-to-earnings-growth ratio of 3.11 and a beta of 0.93. The business has a fifty day moving average of $474.60 and a 200-day moving average of $464.52. 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 released its 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 firm had revenue of $8.50 billion during the quarter, compared to analyst estimates of $8.35 billion. Linde had a return on equity of 19.09% and a net margin of 20.20%.The business's quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.85 earnings per share. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. As a group, analysts predict that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Announces Dividend

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

Analyst Ratings Changes

A number of research firms have commented on LIN. Weiss Ratings reiterated a "buy (b)" rating on shares of Linde in a research report on Wednesday. JPMorgan Chase & Co. boosted their target price on Linde from $470.00 to $475.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. UBS Group decreased their target price on Linde from $510.00 to $507.00 and set a "neutral" rating on the stock in a research report on Monday. Citigroup boosted their target price on Linde from $530.00 to $535.00 and gave the stock a "buy" rating in a research report on Monday. Finally, Royal Bank Of Canada began coverage on Linde in a research report on Friday, June 13th. They set an "outperform" rating and a $576.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $520.00.

Linde Company 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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