Linde PLC $LIN Shares Purchased by Brown Miller Wealth Management LLC

Brown Miller Wealth Management LLC increased its stake in shares of Linde PLC (NASDAQ:LIN) by 0.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,226 shares of the basic materials company’s stock after buying an additional 64 shares during the quarter. Linde comprises 1.3% of Brown Miller Wealth Management LLC’s holdings, making the stock its 14th largest position. Brown Miller Wealth Management LLC’s holdings in Linde were worth $4,329,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in LIN. Olistico Wealth LLC increased its stake in shares of Linde by 32.8% in the 2nd quarter. Olistico Wealth LLC now owns 890 shares of the basic materials company’s stock worth $418,000 after acquiring an additional 220 shares during the last quarter. Wealthcare Advisory Partners LLC grew its holdings in shares of Linde by 7.3% in the second quarter. Wealthcare Advisory Partners LLC now owns 2,369 shares of the basic materials company’s stock valued at $1,111,000 after purchasing an additional 161 shares during the period. Hill Island Financial LLC acquired a new stake in Linde during the second quarter worth about $227,000. Penobscot Investment Management Company Inc. raised its stake in Linde by 2.1% during the second quarter. Penobscot Investment Management Company Inc. now owns 11,226 shares of the basic materials company’s stock worth $5,267,000 after purchasing an additional 230 shares during the period. Finally, AMF Tjanstepension AB boosted its holdings in Linde by 8.0% in the 2nd quarter. AMF Tjanstepension AB now owns 763,645 shares of the basic materials company’s stock valued at $358,287,000 after purchasing an additional 56,766 shares during the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LIN has been the subject of a number of recent analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Linde in a report on Saturday, September 27th. JPMorgan Chase & Co. raised their target price on Linde from $470.00 to $475.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Royal Bank Of Canada began coverage on Linde in a research note on Friday, June 13th. They issued an “outperform” rating and a $576.00 price target on the stock. UBS Group raised their price objective on Linde from $485.00 to $504.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 9th. Finally, Citigroup raised shares of Linde from a “neutral” rating to a “buy” rating and upped their target price for the company from $500.00 to $535.00 in a research report on Monday, June 30th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $519.63.

Linde Trading Down 0.6%

Shares of NASDAQ LIN opened at $466.73 on Friday. 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 stock has a market capitalization of $218.85 billion, a PE ratio of 33.20, a PEG ratio of 3.08 and a beta of 0.93. Linde PLC has a twelve month low of $408.65 and a twelve month high of $487.49. The stock has a fifty day simple moving average of $474.57 and a 200-day simple moving average of $464.34.

Linde (NASDAQ:LIN) last announced its earnings results 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 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%.Linde’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period last year, the business 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 analysts forecast that Linde PLC will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were paid 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 is presently 42.67%.

Insider Transactions at Linde

In other Linde news, Director Stephen F. Angel sold 50,309 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, 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 sale was disclosed in a filing with the SEC, which is available at this link. 0.70% of the stock is currently owned by company insiders.

Linde Company Profile

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.