Atria Wealth Solutions Inc. Sells 12,517 Shares of Linde PLC $LIN

Key Points

• Atria Wealth Solutions Inc. reduced its holdings in Linde PLC by 70.5%, selling 12,517 shares during the second quarter, leaving them with just 5,248 shares valued at approximately $2.46 million.
• Linde's Director, Stephen F. Angel, sold 50,309 shares on August 7th for over $23.8 million, marking a 9.48% decrease in his ownership position.
• Linde reported $4.09 EPS for the last quarter, exceeding analyst expectations of $4.03 EPS, with revenues up by 2.3% year-over-year, reaching $8.50 billion.

Atria Wealth Solutions Inc. trimmed its position in shares of Linde PLC (NASDAQ:LIN - Free Report) by 70.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,248 shares of the basic materials company's stock after selling 12,517 shares during the period. Atria Wealth Solutions Inc.'s holdings in Linde were worth $2,463,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. North Capital Inc. bought a new stake in shares of Linde in the 1st quarter valued at approximately $25,000. Abound Financial LLC bought a new stake in shares of Linde in the 1st quarter valued at approximately $41,000. eCIO Inc. bought a new stake in shares of Linde in the 1st quarter valued at approximately $45,000. Clal Insurance Enterprises Holdings Ltd grew its stake in shares of Linde by 445.0% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company's stock valued at $51,000 after purchasing an additional 89 shares during the period. Finally, Nova Wealth Management Inc. bought a new stake in shares of Linde in the 1st quarter valued at approximately $52,000. 82.80% of the stock is currently owned by institutional investors.

Insider Transactions at Linde

In other Linde news, Director Stephen F. Angel sold 50,309 shares of the company's stock in a transaction 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 transaction, the director owned 480,543 shares of the company's stock, valued at approximately $227,479,445.34. This represents a 9.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.70% of the company's stock.

Linde Stock Down 1.7%

NASDAQ LIN opened at $451.42 on Thursday. The firm has a market cap of $211.68 billion, a PE ratio of 32.11, a price-to-earnings-growth ratio of 3.03 and a beta of 0.93. Linde PLC has a one year low of $408.65 and a one year high of $487.49. The stock's 50 day simple moving average is $473.62 and its 200 day simple moving average is $464.37. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.93 and a quick ratio of 0.78.

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 analysts' consensus estimates of $4.03 by $0.06. The business had revenue of $8.50 billion for the quarter, compared to analyst estimates of $8.35 billion. Linde had a return on equity of 19.09% and a net margin of 20.20%.Linde's revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the prior year, the company earned $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, sell-side analysts forecast that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Dividend Announcement

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

Analyst Ratings Changes

LIN has been the topic of several analyst reports. Weiss Ratings reiterated a "buy (b)" rating on shares of Linde in a research note on Wednesday, October 8th. JPMorgan Chase & Co. upped their price objective on Linde from $470.00 to $475.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. UBS Group lowered their price objective on Linde from $510.00 to $507.00 and set a "neutral" rating on the stock in a research note on Monday, October 6th. Finally, Citigroup increased their price target on Linde from $530.00 to $535.00 and gave the stock a "buy" rating in a research report on Monday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $520.00.

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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