Woodline Partners LP Grows Holdings in Linde PLC $LIN

Key Points

• Woodline Partners LP increased its stake in Linde PLC by 40.7%, owning 40,228 shares worth approximately $18.73 million after acquiring an additional 11,633 shares.
• Linde reported an earnings per share (EPS) of $4.09 for the latest quarter, exceeding analysts' expectations and marking a 2.3% year-over-year revenue growth.
• The company announced a quarterly dividend of $1.50 per share, resulting in an annualized yield of 1.3%, with a dividend payout ratio of 42.67%.

Woodline Partners LP increased its holdings in shares of Linde PLC (NASDAQ:LIN - Free Report) by 40.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,228 shares of the basic materials company's stock after purchasing an additional 11,633 shares during the period. Woodline Partners LP's holdings in Linde were worth $18,732,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of LIN. North Capital Inc. acquired a new stake in Linde during the 1st quarter worth $25,000. Putney Financial Group LLC acquired a new stake in Linde during the 4th quarter worth $31,000. Capital A Wealth Management LLC acquired a new stake in Linde during the 4th quarter worth $37,000. Abound Financial LLC acquired a new stake in Linde during the 1st quarter worth $41,000. Finally, Vermillion Wealth Management Inc. acquired a new stake in Linde during the 4th quarter worth $42,000. Institutional investors and hedge funds own 82.80% of the company's stock.

Linde Price Performance

Shares of NASDAQ LIN opened at $472.70 on Thursday. The firm has a market capitalization of $221.65 billion, a P/E ratio of 33.62, a PEG ratio of 3.13 and a beta of 0.95. Linde PLC has a one year low of $408.65 and a one year high of $487.49. The company's fifty day moving average is $472.38 and its two-hundred day moving average is $462.62. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.78 and a current ratio of 0.93.

Linde (NASDAQ:LIN - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share (EPS) for the quarter, topping 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 return on equity of 19.09% and a net margin of 20.20%.The business's revenue was up 2.3% on a year-over-year basis. 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. Analysts forecast that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be given a $1.50 dividend. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $6.00 annualized dividend and a yield of 1.3%. Linde's dividend payout ratio (DPR) is 42.67%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on LIN. UBS Group increased their price target 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. Royal Bank Of Canada assumed coverage on shares of Linde in a research report on Friday, June 13th. They issued an "outperform" rating and a $576.00 price objective on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Linde from $470.00 to $475.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Finally, Citigroup upgraded shares of Linde from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $500.00 to $535.00 in a research report on Monday, June 30th. 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. According to MarketBeat.com, Linde currently has an average rating of "Buy" and an average target price of $519.63.

Insider Activity at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of the 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 completion of the transaction, the director directly owned 480,543 shares in the company, 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 this hyperlink. Company insiders own 0.70% of the company's stock.

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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