Ashton Thomas Private Wealth LLC Has $3.09 Million Stock Position in Linde PLC $LIN

Key Points

• Ashton Thomas Private Wealth LLC increased its stake in Linde PLC by 29.8%, acquiring an additional 1,522 shares, bringing their total to 6,630 shares valued at approximately $3,087,000.
• Notable institutional investors, including Brighton Jones LLC and Focus Partners Advisor Solutions LLC, have also significantly adjusted their positions in Linde during the latest quarter, reflecting strong interest in the stock.
• Linde's recent earnings report showed a positive performance with $4.09 earnings per share, beating expectations, alongside a quarterly dividend announcement of $1.50 per share, indicating a commitment to returning value to shareholders.

Ashton Thomas Private Wealth LLC grew its stake in Linde PLC (NASDAQ:LIN - Free Report) by 29.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,630 shares of the basic materials company's stock after purchasing an additional 1,522 shares during the period. Ashton Thomas Private Wealth LLC's holdings in Linde were worth $3,087,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. North Capital Inc. acquired a new position in Linde during the first quarter worth about $25,000. Putney Financial Group LLC acquired a new position in Linde during the fourth quarter worth about $31,000. Capital A Wealth Management LLC acquired a new position in Linde during the fourth quarter worth about $37,000. Abound Financial LLC acquired a new position in Linde during the first quarter worth about $41,000. Finally, Vermillion Wealth Management Inc. acquired a new position in Linde during the fourth quarter worth about $42,000. Institutional investors and hedge funds own 82.80% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on LIN shares. UBS Group lifted their price target on shares of Linde from $485.00 to $504.00 and gave the stock a "neutral" rating in a report on Wednesday, July 9th. JPMorgan Chase & Co. lifted their price target on shares of Linde from $470.00 to $475.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Royal Bank Of Canada initiated coverage on shares of Linde in a report on Friday, June 13th. They issued an "outperform" rating and a $576.00 target price for the company. Finally, Citigroup upgraded shares of Linde from a "neutral" rating to a "buy" rating and boosted their target price for the company from $500.00 to $535.00 in a report on Monday, June 30th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $519.63.

Linde Stock Performance

Shares of Linde stock traded down $1.55 during trading on Friday, hitting $482.04. 2,069,711 shares of the stock were exchanged, compared to its average volume of 1,617,354. The stock's fifty day moving average is $472.66 and its 200 day moving average is $462.90. The stock has a market cap of $226.03 billion, a PE ratio of 34.28, a P/E/G ratio of 3.19 and a beta of 0.95. 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 12 month low of $408.65 and a 12 month high of $487.49.

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, topping the consensus estimate of $4.03 by $0.06. The business had revenue of $8.50 billion during 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 quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm 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. As a group, sell-side analysts anticipate that Linde PLC will post 16.54 EPS for the current year.

Linde Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, September 4th. Linde's dividend payout ratio is 42.67%.

Insider Activity

In related news, Director Stephen F. Angel sold 50,309 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $227,479,445.34. This represents a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.70% of the stock is owned by company insiders.

Linde Company 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.