Linde PLC $LIN Shares Sold by Baker Tilly Wealth Management LLC

Key Points

• Baker Tilly Wealth Management LLC reduced its stake in Linde PLC by 20.5%, selling 567 shares in the second quarter, bringing its holdings down to 2,205 shares valued at $1,034,000.
• The company recently reported earnings of $4.09 per share, exceeding the consensus estimate, and achieved $8.50 billion in revenue for the quarter.
• Linde has declared a quarterly dividend of $1.50 per share, which will be paid on September 18th, representing an annualized yield of 1.3%.

Baker Tilly Wealth Management LLC trimmed its position in shares of Linde PLC (NASDAQ:LIN - Free Report) by 20.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,205 shares of the basic materials company's stock after selling 567 shares during the quarter. Baker Tilly Wealth Management LLC's holdings in Linde were worth $1,034,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of LIN. Nuveen LLC acquired a new stake in Linde in the 1st quarter valued at about $2,097,793,000. GAMMA Investing LLC raised its position in Linde by 58,312.0% in the 1st quarter. GAMMA Investing LLC now owns 3,415,935 shares of the basic materials company's stock valued at $1,590,596,000 after purchasing an additional 3,410,087 shares in the last quarter. Deutsche Bank AG raised its position in Linde by 172.4% in the 1st quarter. Deutsche Bank AG now owns 2,407,637 shares of the basic materials company's stock valued at $1,121,092,000 after purchasing an additional 1,523,702 shares in the last quarter. Wellington Management Group LLP raised its position in Linde by 18.6% in the 1st quarter. Wellington Management Group LLP now owns 7,542,991 shares of the basic materials company's stock valued at $3,511,751,000 after purchasing an additional 1,182,157 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Linde in the 4th quarter valued at about $386,957,000. Institutional investors and hedge funds own 82.80% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other Linde news, Director Stephen F. Angel sold 50,309 shares of Linde stock in a transaction that occurred 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 $227,479,445.34. The trade was a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.70% of the stock is currently owned by company insiders.

Linde Stock Up 0.6%

Shares of NASDAQ LIN traded up $3.01 during midday trading on Friday, hitting $479.01. 3,725,607 shares of the company's stock were exchanged, compared to its average volume of 1,663,088. 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 PLC has a twelve month low of $408.65 and a twelve month high of $487.49. The company has a market cap of $224.61 billion, a PE ratio of 34.07, a P/E/G ratio of 3.14 and a beta of 0.95. The firm's fifty day simple moving average is $473.32 and its 200-day simple moving average is $463.38.

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 company 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%.The firm's revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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. Research analysts predict that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Announces Dividend

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. 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 payout ratio is 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.