Destiny Wealth Partners LLC Buys New Position in Linde PLC $LIN

Key Points

• Destiny Wealth Partners LLC has acquired a new position in Linde PLC, purchasing 992 shares valued at approximately $465,000 during the second quarter.
• Analysts have recently raised their price targets for Linde, with notable increases from UBS Group ($485 to $504) and Citigroup (from neutral to buy, target raised from $500 to $535).
• Linde has announced a quarterly dividend of $1.50 per share, equating to an annualized dividend yield of 1.3% and a payout ratio of 42.67%.

Destiny Wealth Partners LLC purchased a new position in Linde PLC (NASDAQ:LIN - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 992 shares of the basic materials company's stock, valued at approximately $465,000.

A number of other hedge funds also recently bought and sold shares of the company. Breakwater Capital Group lifted its stake in Linde by 2.3% during the second quarter. Breakwater Capital Group now owns 980 shares of the basic materials company's stock valued at $460,000 after buying an additional 22 shares in the last quarter. Strategy Asset Managers LLC lifted its stake in Linde by 2.8% during the first quarter. Strategy Asset Managers LLC now owns 834 shares of the basic materials company's stock valued at $388,000 after buying an additional 23 shares in the last quarter. Diversify Advisory Services LLC lifted its stake in Linde by 2.5% during the first quarter. Diversify Advisory Services LLC now owns 999 shares of the basic materials company's stock valued at $450,000 after buying an additional 24 shares in the last quarter. IFP Advisors Inc lifted its stake in Linde by 0.8% during the first quarter. IFP Advisors Inc now owns 3,207 shares of the basic materials company's stock valued at $1,493,000 after buying an additional 24 shares in the last quarter. Finally, Richards Merrill & Peterson Inc. lifted its stake in Linde by 3.0% during the first quarter. Richards Merrill & Peterson Inc. now owns 816 shares of the basic materials company's stock valued at $380,000 after buying an additional 24 shares in the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LIN has been the subject of a number of analyst reports. UBS Group upped their price objective on shares of Linde from $485.00 to $504.00 and gave the company a "neutral" rating in a research note on Wednesday, July 9th. JPMorgan Chase & Co. raised their price objective on Linde from $470.00 to $475.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Citigroup upgraded Linde from a "neutral" rating to a "buy" rating and raised their price objective 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 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Linde presently has a consensus rating of "Buy" and an average price target of $519.63.

Linde Stock Down 0.1%

Shares of Linde stock opened at $473.78 on Friday. The firm has a market cap of $222.16 billion, a price-to-earnings ratio of 33.70, a P/E/G ratio of 3.13 and a beta of 0.95. 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 52-week low of $408.65 and a 52-week high of $487.49. The stock has a 50-day simple moving average of $474.43 and a 200-day simple moving average of $463.66.

Linde (NASDAQ:LIN - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.03 by $0.06. The business had revenue of $8.50 billion during 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% on a year-over-year basis. During the same period in the previous 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. On average, equities research analysts expect that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Announces Dividend

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

Insider Activity

In other news, Director Stephen F. Angel sold 50,309 shares of Linde stock in a transaction dated 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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.70% of the stock is currently owned by corporate insiders.

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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