Olistico Wealth LLC Buys 220 Shares of Linde PLC $LIN

Olistico Wealth LLC lifted its stake in shares of Linde PLC (NASDAQ:LIN) by 32.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 890 shares of the basic materials company’s stock after acquiring an additional 220 shares during the period. Olistico Wealth LLC’s holdings in Linde were worth $418,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in LIN. North Capital Inc. bought a new stake in Linde in the first quarter worth $25,000. Abound Financial LLC bought a new stake in Linde in the first quarter worth $41,000. eCIO Inc. bought a new stake in Linde in the first quarter worth $45,000. Clal Insurance Enterprises Holdings Ltd lifted its stake in 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 purchasing an additional 89 shares during the last quarter. Finally, Nova Wealth Management Inc. bought a new stake in Linde in the first quarter worth $52,000. 82.80% of the stock is owned by institutional investors.

Insider Transactions at Linde

In related 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 value of $23,815,274.42. Following the completion of 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have weighed in on LIN. Citigroup raised shares of Linde from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $500.00 to $535.00 in a research note on Monday, June 30th. UBS Group boosted their price target on shares of Linde from $485.00 to $504.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 9th. Royal Bank Of Canada initiated coverage on shares of Linde in a research report on Friday, June 13th. They issued an “outperform” rating and a $576.00 price objective on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Linde in a research report on Saturday, September 27th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Linde from $470.00 to $475.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Linde currently has an average rating of “Buy” and an average target price of $519.63.

Linde Price Performance

LIN stock opened at $466.73 on Friday. Linde PLC has a 1 year low of $408.65 and a 1 year high of $487.49. The company has a market cap of $218.85 billion, a P/E ratio of 33.20, a PEG ratio of 3.08 and a beta of 0.93. The firm has a 50-day moving average of $474.57 and a 200 day moving average of $464.34. 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 (NASDAQ:LIN) last released 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. Linde had a net margin of 20.20% and a return on equity of 19.09%. The company had revenue of $8.50 billion during the quarter, compared to the consensus estimate of $8.35 billion. During the same period in the prior year, the firm earned $3.85 earnings per share. Linde’s revenue was up 2.3% on a year-over-year basis. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. On average, sell-side analysts forecast that Linde PLC will post 16.54 EPS for the current year.

Linde Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, September 4th. Linde’s dividend payout ratio is presently 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.