874 Shares in Linde PLC $LIN Purchased by Three Bridge Wealth Advisors LLC

Key Points

• Three Bridge Wealth Advisors LLC acquired 874 shares of Linde PLC valued at approximately $410,000 in the second quarter, marking a significant addition by the firm.
• In the first quarter, Price T Rowe Associates and Wellington Management significantly increased their holdings in Linde, indicating strong interest from major institutional investors, who now own 82.80% of the company's stock.
• Linde recently reported strong quarterly earnings, beating analysts' expected earnings per share and guiding for continued growth, with a projected FY 2025 EPS of 16.300-16.500.

Three Bridge Wealth Advisors LLC purchased a new position in shares of Linde PLC (NASDAQ:LIN - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 874 shares of the basic materials company's stock, valued at approximately $410,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of LIN. Price T Rowe Associates Inc. MD boosted its holdings in shares of 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 acquiring an additional 453,108 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Linde by 18.6% during the first quarter. Wellington Management Group LLP now owns 7,542,991 shares of the basic materials company's stock worth $3,511,751,000 after acquiring an additional 1,182,157 shares during the period. Nuveen LLC bought a new stake in shares of Linde during the first quarter worth approximately $2,097,793,000. Invesco Ltd. boosted its holdings in shares of Linde by 1.1% during the first quarter. Invesco Ltd. now owns 3,859,539 shares of the basic materials company's stock worth $1,797,156,000 after acquiring an additional 40,931 shares during the period. Finally, WCM Investment Management LLC boosted its holdings in shares of Linde by 0.3% during the first quarter. WCM Investment Management LLC now owns 3,339,761 shares of the basic materials company's stock worth $1,533,318,000 after acquiring an additional 9,870 shares during the period. Institutional investors own 82.80% of the company's stock.

Insider Buying and Selling

In other Linde news, Director Stephen F. Angel sold 50,309 shares of the business's stock in a transaction that occurred on Thursday, August 7th. The shares were 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 directly owned 480,543 shares in the company, valued at $227,479,445.34. The trade was a 9.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on LIN. JPMorgan Chase & Co. boosted their price objective on Linde from $470.00 to $475.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Weiss Ratings restated a "buy (b)" rating on shares of Linde in a report on Saturday, September 27th. Citigroup upgraded Linde from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $500.00 to $535.00 in a report on Monday, June 30th. Royal Bank Of Canada began coverage on Linde in a report on Friday, June 13th. They set an "outperform" rating and a $576.00 price objective for the company. Finally, UBS Group boosted their price objective on Linde from $485.00 to $504.00 and gave the stock a "neutral" rating in a report on Wednesday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $519.63.

Linde Stock Down 0.6%

NASDAQ LIN opened at $466.73 on Friday. 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 PLC has a 1-year low of $408.65 and a 1-year high of $487.49. The company has a 50 day moving average of $474.57 and a 200-day moving average of $464.34. The company has a market cap of $218.85 billion, a price-to-earnings ratio of 33.20, a PEG ratio of 3.08 and a beta of 0.93.

Linde (NASDAQ:LIN - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share for the quarter, beating 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 previous year, the business earned $3.85 earnings per share. The firm'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 research analysts expect that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 1.3%. The ex-dividend date was Thursday, September 4th. Linde's payout ratio is currently 42.67%.

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.

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