Marietta Wealth Management LLC Boosts Stock Holdings in Linde PLC $LIN

Marietta Wealth Management LLC increased its position in shares of Linde PLC (NASDAQ:LIN) by 2.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,399 shares of the basic materials company’s stock after purchasing an additional 560 shares during the period. Linde accounts for approximately 1.4% of Marietta Wealth Management LLC’s portfolio, making the stock its 22nd largest position. Marietta Wealth Management LLC’s holdings in Linde were worth $10,978,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of LIN. Brighton Jones LLC acquired a new position in shares of Linde during the fourth quarter worth $2,752,000. Revolve Wealth Partners LLC grew its stake in shares of Linde by 14.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company’s stock worth $325,000 after purchasing an additional 96 shares in the last quarter. RFG Advisory LLC acquired a new position in shares of Linde during the first quarter worth $401,000. Foster Group Inc. grew its stake in shares of Linde by 35.3% during the first quarter. Foster Group Inc. now owns 812 shares of the basic materials company’s stock worth $378,000 after purchasing an additional 212 shares in the last quarter. Finally, Signal Advisors Wealth LLC grew its stake in shares of Linde by 22.1% during the first quarter. Signal Advisors Wealth LLC now owns 3,258 shares of the basic materials company’s stock worth $1,517,000 after purchasing an additional 589 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on LIN. Weiss Ratings reiterated a “buy (b)” rating on shares of Linde in a research note on Saturday, September 27th. JPMorgan Chase & Co. upped their price objective on shares of Linde from $470.00 to $475.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. UBS Group upped their price objective on shares of Linde from $485.00 to $504.00 and gave the company 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 upped their price objective for the company from $500.00 to $535.00 in a research note on Monday, June 30th. Finally, Royal Bank Of Canada started coverage on shares of Linde in a research note on Friday, June 13th. They issued an “outperform” rating and a $576.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $519.63.

Insider Buying and Selling at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of the stock in a transaction dated Thursday, August 7th. The shares were 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 owned 480,543 shares in the company, valued at approximately $227,479,445.34. This represents a 9.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.70% of the company’s stock.

Linde Price Performance

Shares of LIN opened at $466.73 on Friday. Linde PLC has a fifty-two week low of $408.65 and a fifty-two week high of $487.49. The company has a market capitalization of $218.85 billion, a price-to-earnings ratio of 33.20, a price-to-earnings-growth ratio of 3.08 and a beta of 0.93. The firm has a 50-day simple moving average of $474.57 and a 200-day simple moving average of $464.34. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.78 and a current ratio of 0.93.

Linde (NASDAQ:LIN) last announced its 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. Linde had a net margin of 20.20% and a return on equity of 19.09%. The business had revenue of $8.50 billion during the quarter, compared to the consensus estimate of $8.35 billion. During the same quarter in the prior year, the firm earned $3.85 earnings per share. The business’s quarterly revenue 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. On average, equities research analysts anticipate 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. Stockholders of record on Thursday, September 4th were paid a dividend of $1.50 per share. The ex-dividend date was Thursday, September 4th. This represents a $6.00 annualized dividend and a dividend yield of 1.3%. Linde’s dividend payout ratio is 42.67%.

Linde 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.