Family Legacy Financial Solutions LLC Takes Position in Linde PLC $LIN

Key Points

• Family Legacy Financial Solutions LLC invested approximately $987,000 in Linde PLC by purchasing 2,103 shares, making it the firm's 25th largest position.
• Linde's quarterly earnings exceeded expectations, reporting $4.09 EPS, beating estimates by $0.06, with revenue reaching $8.50 billion.
• The company's recent dividend announcement includes a quarterly payment of $1.50 per share, representing an annual yield of 1.3% and a payout ratio of 42.67%.

Family Legacy Financial Solutions LLC purchased a new position in shares of Linde PLC (NASDAQ:LIN - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,103 shares of the basic materials company's stock, valued at approximately $987,000. Linde accounts for about 0.8% of Family Legacy Financial Solutions LLC's investment portfolio, making the stock its 25th largest holding.

Other institutional investors and hedge funds also recently bought and sold shares of the company. NorthCrest Asset Manangement LLC grew its holdings in shares of Linde by 0.9% in the second quarter. NorthCrest Asset Manangement LLC now owns 57,233 shares of the basic materials company's stock valued at $27,219,000 after purchasing an additional 500 shares in the last quarter. Community Trust & Investment Co. raised its stake in shares of Linde by 0.3% in the second quarter. Community Trust & Investment Co. now owns 56,418 shares of the basic materials company's stock valued at $26,470,000 after acquiring an additional 155 shares in the last quarter. Wedmont Private Capital raised its stake in shares of Linde by 5.9% in the second quarter. Wedmont Private Capital now owns 4,666 shares of the basic materials company's stock valued at $2,199,000 after acquiring an additional 258 shares in the last quarter. Swedbank AB raised its stake in shares of Linde by 14.8% in the second quarter. Swedbank AB now owns 1,051,176 shares of the basic materials company's stock valued at $493,191,000 after acquiring an additional 135,856 shares in the last quarter. Finally, Alecta Tjanstepension Omsesidigt increased its holdings in Linde by 9.0% during the 2nd quarter. Alecta Tjanstepension Omsesidigt now owns 546,500 shares of the basic materials company's stock worth $256,276,000 after purchasing an additional 45,200 shares during the period. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Linde news, Director Stephen F. Angel sold 50,309 shares of the business's stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $473.38, for a total value of $23,815,274.42. Following the transaction, the director 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 SEC, which is available through the SEC website. 0.70% of the stock is owned by insiders.

Linde Price Performance

LIN stock traded up $3.01 during trading on Friday, hitting $479.01. The stock had a trading volume of 3,725,607 shares, compared to its average volume of 1,663,088. The stock has a market cap of $224.61 billion, a price-to-earnings ratio of 34.07, a price-to-earnings-growth ratio of 3.16 and a beta of 0.95. Linde PLC has a 1-year low of $408.65 and a 1-year high of $487.49. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.78 and a current ratio of 0.93. The company's 50 day moving average price is $473.32 and its two-hundred day moving average price is $463.35.

Linde (NASDAQ:LIN - Get Free Report) last announced its earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 quarter last year, the business earned $3.85 earnings per share. Linde'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, sell-side analysts forecast that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were given a $1.50 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $6.00 annualized dividend and a dividend yield of 1.3%. Linde's dividend payout ratio is presently 42.67%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Linde from $470.00 to $475.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. UBS Group increased their target price on shares of Linde from $485.00 to $504.00 and gave the company a "neutral" rating in a research report on Wednesday, July 9th. Citigroup raised shares of Linde from a "neutral" rating to a "buy" rating and increased their target price for the company from $500.00 to $535.00 in a research report on Monday, June 30th. Finally, Royal Bank Of Canada initiated coverage on shares of Linde in a research note on Friday, June 13th. They issued an "outperform" rating and a $576.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price 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.