Oregon Public Employees Retirement Fund cut its position in shares of Linde PLC (NASDAQ:LIN – Free Report) by 0.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 40,651 shares of the basic materials company’s stock after selling 300 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Linde were worth $19,073,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. North Capital Inc. bought a new position in shares of Linde during the first quarter worth about $25,000. Abound Financial LLC bought a new position in Linde in the first quarter valued at approximately $41,000. eCIO Inc. bought a new position in Linde in the first quarter valued at approximately $45,000. Clal Insurance Enterprises Holdings Ltd grew its stake in Linde by 445.0% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company’s stock valued at $51,000 after purchasing an additional 89 shares in the last quarter. Finally, Nova Wealth Management Inc. bought a new position in Linde in the first quarter valued at approximately $52,000. 82.80% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on LIN. Citigroup raised their price target on Linde from $530.00 to $535.00 and gave the company a “buy” rating in a research note on Monday, October 6th. Weiss Ratings restated a “buy (b)” rating on shares of Linde in a research note on Wednesday, October 8th. JPMorgan Chase & Co. raised their price target on Linde from $470.00 to $475.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Finally, UBS Group decreased their price target on Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $520.00.
Linde Stock Performance
LIN opened at $453.82 on Monday. Linde PLC has a 12-month low of $408.65 and a 12-month high of $487.49. The stock 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. The business has a 50 day moving average of $474.45 and a 200-day moving average of $464.51. 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 quarterly earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share 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 analysts’ expectations of $8.35 billion. Linde had a return on equity of 19.09% and a net margin of 20.20%.The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period last year, the firm 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. On average, equities research analysts expect that Linde PLC will post 16.54 earnings per share for the current year.
Linde Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, September 4th. Linde’s dividend payout ratio (DPR) is presently 42.67%.
Insiders Place Their Bets
In related news, Director Stephen F. Angel sold 50,309 shares of Linde 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 sale, the director directly owned 480,543 shares of the company’s stock, valued at approximately $227,479,445.34. This trade represents a 9.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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.
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