Farther Finance Advisors LLC Acquires 1,302 Shares of Linde PLC $LIN

Key Points

• Farther Finance Advisors LLC increased its position in Linde PLC by 34% during the 2nd quarter, now owning 5,135 shares valued at approximately $2.41 million.
• Director Stephen F. Angel sold 50,309 shares of Linde stock, resulting in a 9.48% decrease in his ownership, following the transaction on August 7th.
• Analysts have upgraded Linde's stock ratings, with target prices ranging from $475 to $576 and an average target price of $519.63, reflecting a consensus "Buy" rating.

Farther Finance Advisors LLC lifted its position in shares of Linde PLC (NASDAQ:LIN - Free Report) by 34.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 5,135 shares of the basic materials company's stock after acquiring an additional 1,302 shares during the quarter. Farther Finance Advisors LLC's holdings in Linde were worth $2,409,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Silver Oak Securities Incorporated boosted its position in shares of Linde by 42.6% during the second quarter. Silver Oak Securities Incorporated now owns 1,931 shares of the basic materials company's stock valued at $906,000 after purchasing an additional 577 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of Linde by 7.5% in the 2nd quarter. UMB Bank n.a. now owns 87,483 shares of the basic materials company's stock valued at $41,045,000 after purchasing an additional 6,074 shares during the last quarter. Shelton Wealth Management LLC raised its holdings in shares of Linde by 8.9% in the second quarter. Shelton Wealth Management LLC now owns 1,717 shares of the basic materials company's stock worth $806,000 after buying an additional 141 shares during the period. My Legacy Advisors LLC boosted its position in Linde by 11.6% during the 2nd quarter. My Legacy Advisors LLC now owns 1,929 shares of the basic materials company's stock valued at $907,000 after acquiring an additional 201 shares in the last quarter. Finally, AA Financial Advisors LLC boosted its position in shares of Linde by 18.6% in the 2nd quarter. AA Financial Advisors LLC now owns 1,839 shares of the basic materials company's stock worth $863,000 after purchasing an additional 289 shares in the last quarter. Hedge funds and other institutional investors own 82.80% of the company's stock.

Linde Stock Performance

LIN traded down $1.25 during trading on Monday, hitting $477.76. The stock had a trading volume of 1,562,462 shares, compared to its average volume of 1,761,068. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 0.49. The firm has a market cap of $224.03 billion, a PE ratio of 33.98, a P/E/G ratio of 3.16 and a beta of 0.95. The company has a 50 day simple moving average of $473.50 and a 200-day simple moving average of $463.39. Linde PLC has a 12 month low of $408.65 and a 12 month high of $487.49.

Linde (NASDAQ:LIN - Get Free Report) last issued its earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share for the quarter, beating the consensus estimate of $4.03 by $0.06. The business had revenue of $8.50 billion for the quarter, compared to analyst estimates of $8.35 billion. Linde had a net margin of 20.20% and a return on equity of 19.09%. The firm's revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the business 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. Analysts expect that Linde PLC will post 16.54 EPS for the current year.

Linde Dividend Announcement

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. This represents a $6.00 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, September 4th. Linde's dividend payout ratio is 42.67%.

Insider Transactions at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of the firm's stock in a transaction dated Thursday, August 7th. The shares were 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 owned 480,543 shares in the company, valued at approximately $227,479,445.34. This trade represents a 9.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.70% of the company's stock.

Wall Street Analysts Forecast Growth

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