Linde PLC $LIN Shares Sold by DRW Securities LLC

DRW Securities LLC cut its holdings in Linde PLC (NASDAQ:LIN) by 70.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,300 shares of the basic materials company’s stock after selling 3,150 shares during the period. DRW Securities LLC’s holdings in Linde were worth $605,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AlTi Global Inc. acquired a new stake in Linde during the 4th quarter worth $971,000. Truist Financial Corp raised its stake in Linde by 75.0% during the 1st quarter. Truist Financial Corp now owns 193,563 shares of the basic materials company’s stock worth $90,131,000 after acquiring an additional 82,952 shares in the last quarter. Freedom Day Solutions LLC raised its stake in Linde by 9.6% during the 1st quarter. Freedom Day Solutions LLC now owns 6,102 shares of the basic materials company’s stock worth $2,841,000 after acquiring an additional 535 shares in the last quarter. Castlekeep Investment Advisors LLC acquired a new stake in Linde during the 4th quarter worth $468,360,000. Finally, Exane Asset Management acquired a new stake in Linde during the 1st quarter worth $295,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. UBS Group lifted 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. Citigroup upgraded shares of Linde from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $500.00 to $535.00 in a research note on Monday, June 30th. 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 research note on Monday, August 4th. Finally, Royal Bank Of Canada started coverage on shares of Linde in a research note on Friday, June 13th. They set an “outperform” rating and a $576.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Linde presently has an average rating of “Buy” and a consensus target price of $519.63.

Linde Trading Down 0.8%

NASDAQ LIN opened at $478.29 on Monday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.78 and a current ratio of 0.93. The firm has a market cap of $224.27 billion, a PE ratio of 34.02, a P/E/G ratio of 3.16 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 firm’s fifty day moving average is $471.33 and its two-hundred day moving average is $461.93.

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 analysts’ consensus estimates of $4.03 by $0.06. The company had revenue of $8.50 billion for the quarter, compared to analyst estimates of $8.35 billion. Linde had a net margin of 20.20% and a return on equity of 19.09%. Linde’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the business 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. Analysts expect that Linde PLC will post 16.54 earnings per share for the current year.

Linde Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be paid a $1.50 dividend. The ex-dividend date is Thursday, September 4th. This represents a $6.00 dividend on an annualized basis and a yield of 1.3%. Linde’s payout ratio is currently 42.67%.

Insider Buying and Selling

In other news, Director Stephen F. Angel sold 50,309 shares of Linde stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $473.38, for a total value 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.70% of the company’s stock.

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.