Apollon Wealth Management LLC Increases Stock Position in Linde PLC $LIN

Key Points

• Apollon Wealth Management LLC increased its stock position in Linde PLC by 16.2% during the second quarter, owning a total of 25,513 shares valued at approximately $11,970,000.
• Wall Street analysts have a consensus rating of "Buy" for Linde, with an average target price of $520.00, reflecting positive growth expectations from firms like Royal Bank of Canada and Citigroup.
• Linde recently paid a quarterly dividend of $1.50 per share, amounting to an annualized dividend yield of 1.3%, with a payout ratio of 42.67%.

Apollon Wealth Management LLC lifted its holdings in Linde PLC (NASDAQ:LIN - Free Report) by 16.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 25,513 shares of the basic materials company's stock after purchasing an additional 3,558 shares during the period. Apollon Wealth Management LLC's holdings in Linde were worth $11,970,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. North Capital Inc. purchased a new stake in Linde during the first quarter valued at approximately $25,000. Abound Financial LLC purchased a new stake in Linde during the first quarter valued at approximately $41,000. eCIO Inc. purchased a new stake in Linde during the first quarter valued at approximately $45,000. Clal Insurance Enterprises Holdings Ltd lifted its position in Linde by 445.0% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company's stock valued at $51,000 after acquiring an additional 89 shares during the last quarter. Finally, Nova Wealth Management Inc. purchased a new stake in Linde during the first quarter valued at approximately $52,000. Hedge funds and other institutional investors own 82.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on LIN shares. Weiss Ratings reissued a "buy (b)" rating on shares of Linde in a research report on Wednesday. Royal Bank Of Canada started coverage on shares of Linde in a research report on Friday, June 13th. They set an "outperform" rating and a $576.00 target price for the company. Citigroup increased their target price on shares of Linde from $530.00 to $535.00 and gave the company a "buy" rating in a research report on Monday. JPMorgan Chase & Co. increased their target price 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. Finally, UBS Group cut 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. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Linde presently has a consensus rating of "Buy" and an average target price of $520.00.

Insider Buying and Selling at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of the stock in a transaction on 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 sale, the director owned 480,543 shares in the company, valued at $227,479,445.34. This represents a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.70% of the stock is owned by insiders.

Linde Trading Down 0.9%

Shares of Linde stock opened at $453.82 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 12-month low of $408.65 and a 12-month high of $487.49. The firm has a market capitalization of $212.80 billion, a price-to-earnings ratio of 32.28, a PEG ratio of 3.03 and a beta of 0.93. The firm's 50 day simple moving average is $474.45 and its two-hundred day simple moving average is $464.49.

Linde (NASDAQ:LIN - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share (EPS) 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 business had revenue of $8.50 billion for the quarter, compared to analyst estimates of $8.35 billion. During the same quarter in the prior year, the business posted $3.85 EPS. Linde's revenue for the quarter was up 2.3% compared to the same quarter last year. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. Analysts predict that Linde PLC will post 16.54 EPS for the current year.

Linde Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders 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 dividend yield of 1.3%. Linde's dividend payout ratio is presently 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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