Avidian Wealth Enterprises LLC Grows Position in Linde PLC $LIN

Avidian Wealth Enterprises LLC lifted its position in shares of Linde PLC (NASDAQ:LIN) by 0.9% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 3,463 shares of the basic materials company’s stock after purchasing an additional 31 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in Linde were worth $1,625,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD grew its stake in Linde by 5.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,600,297 shares of the basic materials company’s stock worth $4,470,284,000 after buying an additional 453,108 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Linde by 18.6% during the 1st quarter. Wellington Management Group LLP now owns 7,542,991 shares of the basic materials company’s stock valued at $3,511,751,000 after acquiring an additional 1,182,157 shares in the last quarter. Nuveen LLC purchased a new stake in Linde during the 1st quarter worth $2,097,793,000. Invesco Ltd. boosted its position in Linde by 1.1% during the 1st quarter. Invesco Ltd. now owns 3,859,539 shares of the basic materials company’s stock worth $1,797,156,000 after purchasing an additional 40,931 shares during the period. Finally, WCM Investment Management LLC increased its holdings in Linde by 1.9% in the 2nd quarter. WCM Investment Management LLC now owns 3,401,590 shares of the basic materials company’s stock valued at $1,577,624,000 after purchasing an additional 61,829 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Price Performance

Shares of NASDAQ LIN opened at $450.08 on Wednesday. The company has a market capitalization of $211.05 billion, a price-to-earnings ratio of 32.01, a price-to-earnings-growth ratio of 2.98 and a beta of 0.93. Linde PLC has a twelve month low of $408.65 and a twelve month high of $486.38. The business has a 50 day simple moving average of $471.85 and a 200-day simple moving average of $464.05. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 0.49.

Linde (NASDAQ:LIN) last posted 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. The company 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 for the quarter was up 2.3% on a year-over-year basis. During the same period last year, the firm posted $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. As a group, equities research analysts expect that Linde PLC will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Thursday, September 4th. Linde’s dividend payout ratio is presently 42.67%.

Analysts Set New Price Targets

LIN has been the topic of a number of recent research reports. Citigroup boosted their price objective on Linde from $530.00 to $535.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. JPMorgan Chase & Co. raised their price target on shares of Linde from $470.00 to $475.00 and gave the company an “overweight” rating in a report on Monday, August 4th. UBS Group dropped their price target 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. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Linde in a report on Wednesday, October 8th. Two research 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 company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $520.00.

Insider Activity

In related news, Director Stephen F. Angel sold 50,309 shares of the business’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 completion of 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.70% of the company’s stock.

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.