CW Advisors LLC Has $19.86 Million Stake in Linde PLC $LIN

CW Advisors LLC raised its stake in shares of Linde PLC (NASDAQ:LIN) by 8.6% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 42,668 shares of the basic materials company’s stock after purchasing an additional 3,390 shares during the period. CW Advisors LLC’s holdings in Linde were worth $19,857,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in LIN. Freemont Capital Pte Ltd acquired a new position in Linde during the 4th quarter valued at about $2,128,233,000. Nuveen LLC bought a new position in shares of Linde during the 1st quarter worth approximately $2,097,793,000. GAMMA Investing LLC lifted its position in shares of Linde by 58,312.0% during the 1st quarter. GAMMA Investing LLC now owns 3,415,935 shares of the basic materials company’s stock worth $1,590,596,000 after buying an additional 3,410,087 shares in the last quarter. Deutsche Bank AG lifted its position in shares of Linde by 172.4% during the 1st quarter. Deutsche Bank AG now owns 2,407,637 shares of the basic materials company’s stock worth $1,121,092,000 after buying an additional 1,523,702 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of Linde by 18.6% during the 1st quarter. Wellington Management Group LLP now owns 7,542,991 shares of the basic materials company’s stock worth $3,511,751,000 after buying an additional 1,182,157 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Price Performance

Linde stock opened at $482.36 on Thursday. Linde PLC has a 12 month low of $408.65 and a 12 month high of $487.49. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 0.49. The business’s 50 day simple moving average is $468.77 and its 200 day simple moving average is $460.76. The company has a market cap of $226.18 billion, a price-to-earnings ratio of 34.31, a PEG ratio of 3.17 and a beta of 0.92.

Linde (NASDAQ:LIN) last posted 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 return on equity of 19.09% and a net margin of 20.20%.The business had revenue of $8.50 billion for the quarter, compared to the consensus estimate of $8.35 billion. During the same quarter in the prior year, the business earned $3.85 earnings per share. Linde’s revenue for the quarter 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. Sell-side analysts forecast that Linde PLC will post 16.54 EPS for the current year.

Linde Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be issued a dividend of $1.50 per share. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $6.00 dividend on an annualized basis and a yield of 1.2%. Linde’s payout ratio is presently 42.67%.

Insider Transactions at Linde

In other Linde news, Director Stephen F. Angel sold 50,309 shares of the business’s stock in a transaction 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 sale, the director owned 480,543 shares of the company’s stock, valued at $227,479,445.34. The trade was a 9.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

LIN has been the topic of several recent analyst reports. UBS Group lifted their target price on shares of Linde from $485.00 to $504.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 9th. Royal Bank Of Canada initiated coverage on shares of Linde in a research report on Friday, June 13th. They set an “outperform” rating and a $576.00 target price on the stock. Citigroup raised shares of Linde from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $500.00 to $535.00 in a research report on Monday, June 30th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Linde from $470.00 to $475.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target 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.