Sumitomo Mitsui DS Asset Management Company Ltd Acquires 1,987 Shares of Linde PLC $LIN

by · The Cerbat Gem

Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Linde PLC (NASDAQ:LIN – Free Report) by 3.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 62,328 shares of the basic materials company’s stock after purchasing an additional 1,987 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Linde were worth $29,243,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. North Capital Inc. purchased a new stake in shares of Linde during the first quarter valued at approximately $25,000. Putney Financial Group LLC purchased a new position in shares of Linde during the 4th quarter worth $31,000. Capital A Wealth Management LLC purchased a new position in shares of Linde during the 4th quarter worth $37,000. Abound Financial LLC purchased a new position in shares of Linde during the 1st quarter worth $41,000. Finally, Vermillion Wealth Management Inc. bought a new stake in shares of Linde during the 4th quarter valued at $42,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Insider Buying and Selling at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of the stock in a transaction on 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 in the company, valued at $227,479,445.34. This represents a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.70% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Citigroup upgraded shares of Linde from a “neutral” rating to a “buy” rating and raised their price objective for the company from $500.00 to $535.00 in a research report on Monday, June 30th. JPMorgan Chase & Co. boosted their target price on shares of Linde from $470.00 to $475.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Royal Bank Of Canada began coverage on shares of Linde in a report on Friday, June 13th. They set an “outperform” rating and a $576.00 price target on the stock. Finally, UBS Group upped their price target on shares of Linde from $485.00 to $504.00 and gave the company a “neutral” rating in a report on Wednesday, July 9th. Two research 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 stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $519.63.

Get Our Latest Stock Analysis on Linde

Linde Trading Up 1.8%

Shares of Linde stock opened at $479.86 on Thursday. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 0.49. Linde PLC has a 12-month low of $408.65 and a 12-month high of $487.49. The firm has a market capitalization of $225.01 billion, a price-to-earnings ratio of 34.13, a PEG ratio of 3.11 and a beta of 0.95. The firm’s 50 day simple moving average is $473.01 and its two-hundred day simple moving average is $463.17.

Linde (NASDAQ:LIN – Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.03 by $0.06. Linde had a net margin of 20.20% and a return on equity of 19.09%. The business had revenue of $8.50 billion for the quarter, compared to analyst estimates of $8.35 billion. During the same quarter in the prior year, the business posted $3.85 EPS. Linde’s revenue for the quarter was up 2.3% compared to the same quarter last year. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. Analysts predict that Linde PLC will post 16.54 EPS for the current year.

Linde Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders 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 dividend yield of 1.3%. Linde’s dividend payout ratio is presently 42.67%.

Linde 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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