457 Shares in Linde PLC $LIN Purchased by Wealthstream Advisors Inc.

Wealthstream Advisors Inc. bought a new position in Linde PLC (NASDAQ:LIN) during the second quarter, Holdings Channel reports. The firm bought 457 shares of the basic materials company’s stock, valued at approximately $214,000.

Other hedge funds also recently made changes to their positions in the company. North Capital Inc. purchased a new stake in shares of Linde in the first quarter worth about $25,000. Abound Financial LLC purchased a new stake in shares of Linde in the first quarter worth about $41,000. eCIO Inc. purchased a new stake in shares of Linde in the first quarter worth about $45,000. Clal Insurance Enterprises Holdings Ltd lifted its position in shares of Linde by 445.0% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company’s stock worth $51,000 after buying an additional 89 shares in the last quarter. Finally, Nova Wealth Management Inc. purchased a new stake in shares of Linde in the first quarter worth about $52,000. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Citigroup boosted their target price on Linde from $530.00 to $535.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Linde in a research note on Wednesday, October 8th. UBS Group reduced their price objective on Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. Finally, JPMorgan Chase & Co. boosted 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. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $520.00.

Insider Activity at Linde

In other 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 transaction of $23,815,274.42. Following the transaction, the director owned 480,543 shares of the company’s stock, valued at approximately $227,479,445.34. This represents a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.70% of the company’s stock.

Linde Trading Up 1.5%

Shares of NASDAQ LIN opened at $450.89 on Friday. The business’s 50 day moving average is $472.69 and its two-hundred day moving average is $464.07. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.93 and a quick ratio of 0.78. Linde PLC has a 1-year low of $408.65 and a 1-year high of $487.27. The stock has a market capitalization of $211.43 billion, a P/E ratio of 32.07, a PEG ratio of 2.98 and a beta of 0.93.

Linde (NASDAQ:LIN) last released 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 firm had revenue of $8.50 billion for 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%.The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.85 earnings per share. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. As a group, research analysts expect that Linde PLC will post 16.54 EPS 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 of this dividend was 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 currently 42.67%.

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.