Axxcess Wealth Management LLC Has $7.40 Million Holdings in Linde PLC $LIN

Key Points

• Axxcess Wealth Management LLC reduced its stake in Linde PLC by 4.5%, holding approximately $7.40 million worth of shares after selling 745 shares in the second quarter.
• Several institutional investors recently adjusted their positions in Linde, contributing to 82.80% of the company's stock being held by such entities.
• Linde PLC reported earnings of $4.09 per share for its last quarter, surpassing analyst expectations, along with a revenue increase of 2.3% year over year.

Axxcess Wealth Management LLC lessened its stake in Linde PLC (NASDAQ:LIN - Free Report) by 4.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,767 shares of the basic materials company's stock after selling 745 shares during the quarter. Axxcess Wealth Management LLC's holdings in Linde were worth $7,397,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in LIN. North Capital Inc. acquired a new position in shares of Linde in the first quarter valued at approximately $25,000. Abound Financial LLC acquired a new position in shares of Linde in the first quarter valued at approximately $41,000. eCIO Inc. acquired a new position in shares of Linde in the first quarter valued at approximately $45,000. Clal Insurance Enterprises Holdings Ltd boosted its holdings in shares of Linde by 445.0% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company's stock valued at $51,000 after buying an additional 89 shares during the period. Finally, Nova Wealth Management Inc. bought a new stake in shares of Linde in the first quarter worth $52,000. Institutional investors and hedge funds own 82.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on LIN. JPMorgan Chase & Co. boosted their price objective on shares of Linde from $470.00 to $475.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Weiss Ratings reissued a "buy (b)" rating on shares of Linde in a research report on Wednesday, October 8th. UBS Group cut their price objective on shares of Linde from $510.00 to $507.00 and set a "neutral" rating on the stock in a research report on Monday, October 6th. Finally, Citigroup boosted their price objective on shares of 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 given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $520.00.

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 shares were sold at an average price of $473.38, for a total transaction of $23,815,274.42. Following the sale, the director directly owned 480,543 shares of the company's stock, 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 legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.70% of the company's stock.

Linde Stock Performance

NASDAQ LIN opened at $456.64 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 0.49. The firm's fifty day moving average price is $474.23 and its two-hundred day moving average price is $464.49. Linde PLC has a 1 year low of $408.65 and a 1 year high of $487.49. The firm has a market capitalization of $214.12 billion, a P/E ratio of 32.48, a price-to-earnings-growth ratio of 3.00 and a beta of 0.93.

Linde (NASDAQ:LIN - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.03 by $0.06. Linde had a net margin of 20.20% and a return on equity of 19.09%. The firm had revenue of $8.50 billion for the quarter, compared to analyst estimates of $8.35 billion. During the same period in the prior year, the firm posted $3.85 earnings per share. The company's quarterly revenue 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. As a group, research analysts anticipate that Linde PLC will post 16.54 EPS for the current year.

Linde Dividend Announcement

The company also recently declared 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 of this dividend was Thursday, September 4th. Linde's dividend payout ratio is 42.67%.

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.

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