Venturi Wealth Management LLC Sells 68 Shares of Linde PLC $LIN

Venturi Wealth Management LLC lowered its stake in Linde PLC (NASDAQ:LIN) by 1.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,223 shares of the basic materials company’s stock after selling 68 shares during the quarter. Venturi Wealth Management LLC’s holdings in Linde were worth $2,451,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in LIN. North Capital Inc. bought a new position in Linde in the 1st quarter valued at approximately $25,000. Abound Financial LLC bought a new position in Linde in the 1st quarter valued at approximately $41,000. eCIO Inc. bought a new position in Linde in the 1st quarter valued at approximately $45,000. Clal Insurance Enterprises Holdings Ltd raised its holdings 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 buying an additional 89 shares during the last quarter. Finally, Nova Wealth Management Inc. bought a new position in Linde in the 1st quarter valued at approximately $52,000. Institutional investors own 82.80% of the company’s stock.

Linde Stock Performance

Shares of LIN stock opened at $470.37 on Wednesday. The company has a market cap of $220.56 billion, a price-to-earnings ratio of 33.45, a price-to-earnings-growth ratio of 3.09 and a beta of 0.93. Linde PLC has a 52 week low of $408.65 and a 52 week high of $487.49. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 0.49. The firm has a 50 day moving average of $474.57 and a 200-day moving average of $464.50.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Friday, August 1st. The basic materials company reported $4.09 EPS for the quarter, topping the consensus estimate 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 quarter last year, the firm posted $3.85 EPS. The company’s quarterly 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, equities analysts forecast that Linde PLC will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

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

Insiders Place Their Bets

In other Linde news, Director Stephen F. Angel sold 50,309 shares of the firm’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 in the company, valued at approximately $227,479,445.34. This trade represents a 9.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their price objective on shares of Linde from $470.00 to $475.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Royal Bank Of Canada initiated coverage on shares of Linde in a report on Friday, June 13th. They set an “outperform” rating and a $576.00 price target for the company. 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 report on Monday. Citigroup raised their price target on shares of Linde from $530.00 to $535.00 and gave the stock a “buy” rating in a report on Monday. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Linde in a report on Saturday, September 27th. 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 stock. According to data from MarketBeat, Linde presently has an average rating of “Buy” and an average price target of $520.00.

Linde 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.