Farther Finance Advisors LLC Raises Holdings in 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 increased its position in Linde PLC (NASDAQ:LIN - Free Report) by 34.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,135 shares of the basic materials company's stock after buying an additional 1,302 shares during the quarter. Farther Finance Advisors LLC's holdings in Linde were worth $2,409,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in LIN. Price T Rowe Associates Inc. MD boosted its stake in Linde by 5.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,600,297 shares of the basic materials company's stock valued at $4,470,284,000 after acquiring an additional 453,108 shares during the last quarter. Wellington Management Group LLP boosted its stake in Linde by 18.6% during 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 acquiring an additional 1,182,157 shares during the last quarter. Nuveen LLC bought a new position in Linde during the 1st quarter valued at $2,097,793,000. Invesco Ltd. boosted its stake in Linde by 1.1% during the 1st quarter. Invesco Ltd. now owns 3,859,539 shares of the basic materials company's stock valued at $1,797,156,000 after acquiring an additional 40,931 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Linde by 58,312.0% during 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 acquiring an additional 3,410,087 shares during the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Stephen F. Angel sold 50,309 shares of the company'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 of the company's stock, valued at $227,479,445.34. This represents a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. UBS Group boosted their target price 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. Citigroup upgraded shares of Linde from a "neutral" rating to a "buy" rating and boosted their target price for the company from $500.00 to $535.00 in a research note on Monday, June 30th. JPMorgan Chase & Co. raised their target price on Linde from $470.00 to $475.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Finally, Royal Bank Of Canada assumed coverage on Linde in a research note on Friday, June 13th. They issued an "outperform" rating and a $576.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $519.63.

Linde Stock Up 0.6%

Shares of NASDAQ:LIN opened at $479.01 on Monday. The firm has a market cap of $224.61 billion, a P/E ratio of 34.07, a P/E/G ratio of 3.16 and a beta of 0.95. Linde PLC has a 12 month low of $408.65 and a 12 month high of $487.49. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 0.49. The company's 50-day moving average price is $473.32 and its two-hundred day moving average price is $463.33.

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 (EPS) for the quarter, topping analysts' consensus estimates of $4.03 by $0.06. The firm had revenue of $8.50 billion for the quarter, compared to analysts' expectations of $8.35 billion. Linde had a return on equity of 19.09% and a net margin of 20.20%.The company's revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the business earned $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. As a group, research analysts forecast that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, September 4th. Linde's dividend payout ratio (DPR) is currently 42.67%.

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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