Sax Wealth Advisors LLC Raises Stock Holdings in Linde PLC $LIN

Sax Wealth Advisors LLC increased its position in Linde PLC (NASDAQ:LIN) by 4.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,354 shares of the basic materials company’s stock after buying an additional 62 shares during the quarter. Sax Wealth Advisors LLC’s holdings in Linde were worth $635,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. North Capital Inc. purchased a new position in shares of Linde in the first quarter worth $25,000. Abound Financial LLC purchased a new position in shares of Linde in the first quarter worth $41,000. eCIO Inc. purchased a new position in shares of Linde in the first quarter worth $45,000. Clal Insurance Enterprises Holdings Ltd increased its stake 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 during the period. Finally, Nova Wealth Management Inc. purchased a new position in shares of Linde in the first quarter worth $52,000. 82.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. 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. Weiss Ratings reissued a “buy (b)” rating on shares of Linde in a research report on Wednesday. Royal Bank Of Canada assumed coverage on shares of Linde in a research report on Friday, June 13th. They set an “outperform” rating and a $576.00 price objective on the stock. Citigroup boosted their price objective on shares of Linde from $530.00 to $535.00 and gave the company a “buy” rating in a research report on Monday. Finally, UBS Group reduced their price objective on shares of Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $520.00.

Insider Transactions at Linde

In related news, Director Stephen F. Angel sold 50,309 shares of the company’s 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 transaction, the director owned 480,543 shares in the company, valued at $227,479,445.34. The trade was a 9.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.70% of the stock is currently owned by insiders.

Linde Stock Down 0.5%

NASDAQ:LIN opened at $467.83 on Thursday. The firm’s 50-day moving average price is $474.60 and its 200-day moving average price is $464.52. The company has a market capitalization of $219.37 billion, a PE ratio of 33.27, a P/E/G ratio of 3.11 and a beta of 0.93. 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 $487.49.

Linde (NASDAQ:LIN) last released its earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share for the quarter, topping analysts’ consensus estimates 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 company’s revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $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. On average, equities analysts predict that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Announces Dividend

The company 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. The ex-dividend date was Thursday, September 4th. This represents a $6.00 dividend on an annualized basis and a yield of 1.3%. Linde’s payout ratio is presently 42.67%.

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.