Linde PLC $LIN Stock Holdings Lessened by 1858 Wealth Management LLC

1858 Wealth Management LLC reduced its holdings in Linde PLC (NASDAQ:LIN) by 6.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 536 shares of the basic materials company’s stock after selling 38 shares during the quarter. 1858 Wealth Management LLC’s holdings in Linde were worth $251,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. North Capital Inc. bought a new stake in Linde in the 1st quarter valued at about $25,000. Abound Financial LLC bought a new stake in Linde in the 1st quarter valued at about $41,000. eCIO Inc. bought a new stake in Linde in the 1st quarter valued at about $45,000. Clal Insurance Enterprises Holdings Ltd lifted its position in Linde by 445.0% in the 1st 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 during the last quarter. Finally, Nova Wealth Management Inc. bought a new stake in Linde in the 1st quarter valued at about $52,000. 82.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on LIN. Weiss Ratings reiterated a “buy (b)” rating on shares of Linde in a research report on Wednesday. Citigroup lifted their price objective on shares of Linde from $530.00 to $535.00 and gave the company a “buy” rating in a research report on Monday, October 6th. UBS Group cut their price objective on shares of Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Finally, JPMorgan Chase & Co. raised their target price 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. Two research 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’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $520.00.

Linde Stock Down 0.9%

Linde stock opened at $453.82 on Friday. 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 company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 0.49. The company’s 50-day moving average price is $474.45 and its two-hundred day moving average price is $464.51. Linde PLC has a 52 week low of $408.65 and a 52 week high of $487.49.

Linde (NASDAQ:LIN) last released its earnings results on Friday, August 1st. The basic materials company reported $4.09 EPS for the quarter, beating the consensus estimate of $4.03 by $0.06. The firm had revenue of $8.50 billion for the quarter, compared to analysts’ expectations of $8.35 billion. Linde had a net margin of 20.20% and a return on equity of 19.09%. Linde’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the company earned $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, analysts expect that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were paid a $1.50 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $6.00 annualized dividend and a dividend yield of 1.3%. Linde’s payout ratio is currently 42.67%.

Insider Activity

In other news, Director Stephen F. Angel sold 50,309 shares of Linde 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 transaction, the director owned 480,543 shares of the company’s stock, valued at $227,479,445.34. The trade was a 9.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.70% of the stock is owned by corporate insiders.

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.