925 Shares in Linde PLC $LIN Purchased by Global Assets Advisory LLC

Key Points

• Global Assets Advisory LLC purchased 925 shares of Linde PLC, valued at approximately $441,000, signaling growing institutional interest in the company.
• Equities analysts have generally given Linde a favorable outlook, with JPMorgan and Citigroup raising their price targets, indicating strong market confidence.
• Linde reported a recent quarterly earnings beat, with an EPS of $4.09, and announced a quarterly dividend of $1.50 per share, further demonstrating financial stability.

Global Assets Advisory LLC bought a new stake in Linde PLC (NASDAQ:LIN - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 925 shares of the basic materials company's stock, valued at approximately $441,000.

A number of other large investors also recently modified their holdings of LIN. Brighton Jones LLC acquired a new position in Linde during the 4th quarter valued at $2,752,000. Revolve Wealth Partners LLC increased its holdings in shares of Linde by 14.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company's stock worth $325,000 after purchasing an additional 96 shares during the period. Wedmont Private Capital raised its position in shares of Linde by 14.6% during the first quarter. Wedmont Private Capital now owns 4,408 shares of the basic materials company's stock valued at $1,948,000 after buying an additional 561 shares during the last quarter. Miracle Mile Advisors LLC lifted its stake in shares of Linde by 2.5% in the first quarter. Miracle Mile Advisors LLC now owns 8,327 shares of the basic materials company's stock valued at $3,878,000 after buying an additional 200 shares during the period. Finally, OLD National Bancorp IN grew its position in Linde by 74.0% during the first quarter. OLD National Bancorp IN now owns 4,392 shares of the basic materials company's stock worth $2,045,000 after buying an additional 1,868 shares in the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. JPMorgan Chase & Co. upped their price target on Linde from $470.00 to $475.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Citigroup upped their target price on Linde from $530.00 to $535.00 and gave the company a "buy" rating in a research note on Monday. Weiss Ratings reiterated a "buy (b)" rating on shares of Linde in a research note on Saturday, September 27th. UBS Group lowered their price target on shares of Linde from $510.00 to $507.00 and set a "neutral" rating on the stock in a report on Monday. Finally, Royal Bank Of Canada started coverage on shares of Linde in a report on Friday, June 13th. They set an "outperform" rating and a $576.00 price objective for the company. 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 stock. According to data from MarketBeat, Linde presently has an average rating of "Buy" and an average target price of $520.00.

Linde Stock Up 0.4%

LIN opened at $468.55 on Tuesday. The firm's 50-day simple moving average is $474.59 and its 200-day simple moving average is $464.46. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.78 and a current ratio of 0.93. Linde PLC has a twelve month low of $408.65 and a twelve month high of $487.49. The firm has a market cap of $219.71 billion, a price-to-earnings ratio of 33.33, 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 EPS for the quarter, beating analysts' consensus estimates of $4.03 by $0.06. The firm had revenue of $8.50 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the business earned $3.85 earnings per share. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. Equities research analysts anticipate that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Dividend Announcement

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

Insider Buying and Selling

In other Linde news, Director Stephen F. Angel sold 50,309 shares of the business's stock in a transaction on Thursday, August 7th. The stock was 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 of the company's stock, valued at approximately $227,479,445.34. The trade was a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate 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.

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