Linde PLC $LIN Shares Acquired by Channel Wealth LLC

Key Points

• Channel Wealth LLC increased its holdings in Linde PLC by 22.7% during the 2nd quarter, now owning 12,300 shares valued at approximately $5.77 million.
• Analysts have set a consensus price target of $519.63 for Linde, with several firms upgrading their ratings and target prices over recent months.
• Linde recently reported a quarterly EPS of $4.09, surpassing expectations and marking a 2.3% revenue increase from the previous year.

Channel Wealth LLC raised its position in Linde PLC (NASDAQ:LIN - Free Report) by 22.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,300 shares of the basic materials company's stock after buying an additional 2,272 shares during the quarter. Linde comprises about 1.6% of Channel Wealth LLC's portfolio, making the stock its 18th largest position. Channel Wealth LLC's holdings in Linde were worth $5,771,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in LIN. Truist Financial Corp increased its stake in Linde by 75.0% in the first quarter. Truist Financial Corp now owns 193,563 shares of the basic materials company's stock valued at $90,131,000 after purchasing an additional 82,952 shares in the last quarter. Freedom Day Solutions LLC raised its holdings in shares of Linde by 9.6% in the first quarter. Freedom Day Solutions LLC now owns 6,102 shares of the basic materials company's stock valued at $2,841,000 after purchasing an additional 535 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its position in Linde by 25.9% during the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 23,558 shares of the basic materials company's stock valued at $10,970,000 after buying an additional 4,839 shares during the period. Exane Asset Management bought a new position in Linde during the first quarter worth about $295,000. Finally, Hourglass Capital LLC bought a new position in shares of Linde in the first quarter valued at approximately $935,000. 82.80% of the stock is owned by institutional investors.

Linde Stock Up 0.6%

NASDAQ LIN traded up $3.01 during trading on Friday, hitting $479.01. The company's stock had a trading volume of 3,725,607 shares, 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. 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 business's 50 day simple moving average is $473.32 and its 200-day simple moving average is $463.38. Linde PLC has a fifty-two week low of $408.65 and a fifty-two week high of $487.49.

Linde (NASDAQ:LIN - Get Free Report) last released its 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. Linde had a return on equity of 19.09% and a net margin of 20.20%.The firm had revenue of $8.50 billion during the quarter, compared to the consensus estimate of $8.35 billion. During the same quarter in the previous year, the company posted $3.85 earnings per share. The company's 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. On average, equities analysts anticipate that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors 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 was Thursday, September 4th. Linde's dividend payout ratio (DPR) is currently 42.67%.

Insider Activity at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of the business's 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 completion of the sale, the director directly owned 480,543 shares in the company, 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 Securities & Exchange Commission, which is available through this link. 0.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. UBS Group raised their target price 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. boosted 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. Citigroup upgraded Linde from a "neutral" rating to a "buy" rating and upped their price target for the stock from $500.00 to $535.00 in a research note on Monday, June 30th. Finally, Royal Bank Of Canada assumed coverage on Linde in a report on Friday, June 13th. They set an "outperform" rating and a $576.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $519.63.

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.