Axxcess Wealth Management LLC Sells 12,606 Shares of Linde PLC $LIN

Key Points

• Axxcess Wealth Management reduced its Linde stake by 65.9% in the third quarter, selling 12,606 shares and retaining 6,533 shares valued at approximately $3.1 million. Institutional investors and hedge funds own 82.8% of Linde’s stock.
• Analysts remain broadly bullish, with Linde carrying a consensus “Buy” rating and an average price target of $547.10; recent targets range from $525 to $575.
• Linde reported quarterly revenue of $9.29 billion and earnings of $4.50 per share, slightly exceeding estimates. The company also maintains a quarterly dividend of $1.60 per share, equivalent to a 1.3% annual yield.

Axxcess Wealth Management LLC trimmed its stake in shares of Linde PLC (NASDAQ:LIN - Free Report) by 65.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,533 shares of the basic materials company's stock after selling 12,606 shares during the period. Axxcess Wealth Management LLC's holdings in Linde were worth $3,101,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Principia Wealth Advisory LLC grew its stake in shares of Linde by 74.2% during the 2nd quarter. Principia Wealth Advisory LLC now owns 54 shares of the basic materials company's stock worth $28,000 after purchasing an additional 23 shares during the period. Legacy Wealth Managment LLC ID increased its holdings in shares of Linde by 96.6% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 57 shares of the basic materials company's stock valued at $28,000 after purchasing an additional 28 shares in the last quarter. Manning & Napier Advisors LLC lifted its stake in shares of Linde by 1,450.0% in the 1st quarter. Manning & Napier Advisors LLC now owns 62 shares of the basic materials company's stock valued at $31,000 after purchasing an additional 58 shares during the period. Marquette Asset Management LLC acquired a new position in shares of Linde in the 3rd quarter valued at $29,000. Finally, Polaris Financial Partners acquired a new position in shares of Linde in the 3rd quarter valued at $31,000. 82.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LIN has been the topic of a number of recent analyst reports. Royal Bank Of Canada lowered their price target on shares of Linde from $553.00 to $549.00 and set an "outperform" rating on the stock in a report on Thursday, October 15th. Evercore increased their price target on Linde from $515.00 to $525.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 12th. Bank of America raised their price objective on Linde from $532.00 to $550.00 and gave the company a "neutral" rating in a report on Friday, July 17th. Deutsche Bank Aktiengesellschaft reduced their target price on Linde from $580.00 to $575.00 and set a "buy" rating for the company in a research note on Monday, August 3rd. Finally, Argus decreased their target price on Linde from $563.00 to $538.00 and set a "buy" rating on the stock in a research report on Monday, September 28th. Three research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $547.10.

Linde Trading Up 2.0%

LIN stock opened at $510.36 on Friday. The business's 50-day moving average is $480.03 and its 200 day moving average is $498.29. Linde PLC has a 12-month low of $387.78 and a 12-month high of $548.20. The stock has a market cap of $235.27 billion, a price-to-earnings ratio of 32.97, a PEG ratio of 2.92 and a beta of 0.71. The company has a current ratio of 0.88, a quick ratio of 0.75 and a debt-to-equity ratio of 0.51.

Linde (NASDAQ:LIN - Get Free Report) last released its earnings results on Friday, July 31st. The basic materials company reported $4.50 earnings per share for the quarter, beating the consensus estimate of $4.49 by $0.01. The business had revenue of $9.29 billion for the quarter, compared to the consensus estimate of $9.02 billion. Linde had a return on equity of 20.09% and a net margin of 20.43%. The business's quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the business posted $4.09 earnings per share. Linde has set its FY 2026 guidance at 17.700-17.900 EPS and its Q3 2026 guidance at 4.450-4.550 EPS. On average, sell-side analysts anticipate that Linde PLC will post 17.86 EPS for the current fiscal year.

Linde Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were issued a $1.60 dividend. The ex-dividend date was Thursday, September 3rd. This represents a $6.40 dividend on an annualized basis and a yield of 1.3%. Linde's dividend payout ratio (DPR) is presently 41.34%.

Linde Company Profile

Linde plc NASDAQ: LIN is a global industrial gases and engineering company. It produces and distributes atmospheric gases such as oxygen, nitrogen and argon, as well as hydrogen, helium, carbon dioxide and specialty gases. The company serves customers through packaged gases, bulk deliveries, on-site production and pipeline systems.

Linde's products and services support a broad range of industries, including healthcare, food and beverage, manufacturing, chemicals, energy, refining, electronics and metals.

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