Voya Investment Management LLC Sells 14,767 Shares of Linde PLC $LIN

by · The Cerbat Gem

Voya Investment Management LLC lessened its stake in shares of Linde PLC (NASDAQ:LIN – Free Report) by 2.7% during the first quarter, Holdings Channel.com reports. The fund owned 541,074 shares of the basic materials company’s stock after selling 14,767 shares during the period. Voya Investment Management LLC’s holdings in Linde were worth $251,939,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. North Capital Inc. bought a new position in Linde during the 1st quarter worth $25,000. Putney Financial Group LLC acquired a new stake in shares of Linde in the 4th quarter valued at $31,000. Abound Financial LLC acquired a new stake in shares of Linde in the 1st quarter valued at $41,000. Capital A Wealth Management LLC acquired a new stake in shares of Linde in the 4th quarter valued at $37,000. Finally, eCIO Inc. acquired a new stake in shares of Linde in the 1st quarter valued at $45,000. Institutional investors own 82.80% of the company’s stock.

Linde Trading Up 2.3%

NASDAQ LIN opened at $483.59 on Friday. 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 PLC has a twelve month low of $408.65 and a twelve month high of $487.49. The company has a market cap of $226.76 billion, a price-to-earnings ratio of 34.39, a price-to-earnings-growth ratio of 3.12 and a beta of 0.95. The business’s fifty day moving average is $472.54 and its 200 day moving average is $462.80.

Linde (NASDAQ:LIN – Get Free Report) last released its quarterly earnings data on Friday, August 1st. The basic materials company reported $4.09 earnings per share 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 company had revenue of $8.50 billion for the quarter, compared to the consensus estimate of $8.35 billion. During the same quarter last year, the business posted $3.85 EPS. 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. As a group, sell-side analysts expect 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. Investors 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 annualized dividend and a dividend yield of 1.2%. Linde’s dividend payout ratio (DPR) is 42.67%.

Insider Buying and Selling at Linde

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. raised their target price on Linde from $470.00 to $475.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Citigroup raised Linde from a “neutral” rating to a “buy” rating and raised their target price for the company from $500.00 to $535.00 in a report on Monday, June 30th. UBS Group raised their target price on Linde from $485.00 to $504.00 and gave the company a “neutral” rating in a report on Wednesday, July 9th. Finally, Royal Bank Of Canada assumed coverage on Linde in a report on Friday, June 13th. They issued an “outperform” rating and a $576.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $519.63.

View Our Latest Stock Analysis on LIN

Linde Company Profile

(Free Report)

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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