Wealthfront Advisers LLC Raises Position in Linde PLC $LIN

Wealthfront Advisers LLC grew its position in shares of Linde PLC (NASDAQ:LIN) by 1.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 52,410 shares of the basic materials company’s stock after acquiring an additional 556 shares during the period. Wealthfront Advisers LLC’s holdings in Linde were worth $24,590,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. lifted its stake in shares of Linde by 5.2% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 41,259 shares of the basic materials company’s stock valued at $19,358,000 after purchasing an additional 2,023 shares during the period. Heirloom Wealth Management grew its stake in Linde by 0.3% in the second quarter. Heirloom Wealth Management now owns 29,345 shares of the basic materials company’s stock worth $13,768,000 after purchasing an additional 86 shares during the period. Brighton Jones LLC raised its holdings in Linde by 5.9% in the second quarter. Brighton Jones LLC now owns 4,764 shares of the basic materials company’s stock worth $2,235,000 after purchasing an additional 266 shares in the last quarter. MQS Management LLC purchased a new position in Linde during the second quarter valued at $666,000. Finally, Linden Thomas Advisory Services LLC lifted its position in Linde by 17.7% during the second quarter. Linden Thomas Advisory Services LLC now owns 2,721 shares of the basic materials company’s stock valued at $1,277,000 after buying an additional 410 shares during the period. Institutional investors own 82.80% of the company’s stock.

Insider Buying and Selling at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of the company’s stock in a transaction 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 directly owned 480,543 shares of the company’s stock, valued at $227,479,445.34. This represents a 9.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.70% of the stock is owned by corporate insiders.

Linde Stock Down 0.9%

NASDAQ:LIN opened at $446.00 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.78 and a current ratio of 0.93. The firm has a market cap of $209.13 billion, a P/E ratio of 31.72, a P/E/G ratio of 2.94 and a beta of 0.93. Linde PLC has a fifty-two week low of $408.65 and a fifty-two week high of $486.38. The firm has a 50-day simple moving average of $470.10 and a two-hundred day simple moving average of $464.69.

Linde (NASDAQ:LIN) last issued its earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.03 by $0.06. The firm had revenue of $8.50 billion for the quarter, compared to the consensus estimate of $8.35 billion. Linde had a net margin of 20.20% and a return on equity of 19.09%. The business’s 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. Analysts predict that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were issued a $1.50 dividend. 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 (DPR) is presently 42.67%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on LIN. Citigroup upped their target price on shares of Linde from $530.00 to $535.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. UBS Group dropped their price objective on shares of Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. JPMorgan Chase & Co. upped their price objective on shares of Linde from $470.00 to $475.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Linde in a report on Saturday. Two research 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. Based on data from MarketBeat.com, Linde currently has a consensus rating of “Buy” and an average target price of $520.00.

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.