Sagespring Wealth Partners LLC Increases Position in Linde PLC $LIN

Sagespring Wealth Partners LLC grew its holdings in shares of Linde PLC (NASDAQ:LIN) by 5.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,323 shares of the basic materials company’s stock after buying an additional 256 shares during the quarter. Sagespring Wealth Partners LLC’s holdings in Linde were worth $2,498,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Boston Trust Walden Corp boosted its holdings in Linde by 7.0% during the 2nd quarter. Boston Trust Walden Corp now owns 6,115 shares of the basic materials company’s stock valued at $2,869,000 after acquiring an additional 399 shares during the period. TD Asset Management Inc grew its holdings in shares of Linde by 8.1% in the second quarter. TD Asset Management Inc now owns 401,859 shares of the basic materials company’s stock worth $188,544,000 after purchasing an additional 30,049 shares during the last quarter. RFG Advisory LLC increased its stake in Linde by 28.6% in the 2nd quarter. RFG Advisory LLC now owns 1,106 shares of the basic materials company’s stock worth $519,000 after buying an additional 246 shares during the period. Naviter Wealth LLC increased its stake in Linde by 3.0% in the 2nd quarter. Naviter Wealth LLC now owns 7,176 shares of the basic materials company’s stock worth $3,367,000 after buying an additional 209 shares during the period. Finally, Cornerstone Wealth Group LLC lifted its holdings in Linde by 18.7% during the 2nd quarter. Cornerstone Wealth Group LLC now owns 769 shares of the basic materials company’s stock valued at $361,000 after buying an additional 121 shares in the last quarter. 82.80% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Linde news, Director Stephen F. Angel sold 50,309 shares of the company’s stock in a transaction that occurred on Thursday, August 7th. The stock was 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 approximately $227,479,445.34. This represents a 9.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.70% of the company’s stock.

Linde Trading Up 0.6%

Shares of NASDAQ:LIN opened at $459.25 on Wednesday. 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 52-week low of $408.65 and a 52-week high of $487.49. The stock has a market cap of $215.35 billion, a price-to-earnings ratio of 32.66, a PEG ratio of 3.02 and a beta of 0.93. The business has a 50-day moving average price of $474.02 and a 200-day moving average price of $464.46.

Linde (NASDAQ:LIN) last posted its quarterly earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.03 by $0.06. The company had revenue of $8.50 billion during the quarter, compared to analyst estimates of $8.35 billion. Linde had a net margin of 20.20% and a return on equity of 19.09%. Linde’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period last year, the firm 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. Equities analysts predict that Linde PLC will post 16.54 EPS for the current year.

Linde Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were issued 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 (DPR) is 42.67%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on Linde from $470.00 to $475.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Weiss Ratings restated a “buy (b)” rating on shares of Linde in a research note on Wednesday, October 8th. Citigroup increased their target price on shares of Linde from $530.00 to $535.00 and gave the stock a “buy” rating in a report on Monday, October 6th. Finally, UBS Group lowered their price target on shares of Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Two analysts have rated the stock with a Strong Buy rating, eight have issued 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 target price of $520.00.

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.