GC Wealth Management RIA LLC Increases Stake in Linde PLC $LIN

Key Points

• GC Wealth Management RIA LLC increased its stake in Linde PLC by 390.9% in the second quarter, now holding 8,935 shares valued at approximately $4.19 million.
• Several analysts have recently issued bullish ratings on Linde, with price targets ranging from $475.00 to $576.00, indicating a strong positive outlook.
• Linde reported $4.09 earnings per share for the last quarter, exceeding analysts' expectations and showing a 2.3% increase in revenue year-over-year.

GC Wealth Management RIA LLC boosted its stake in shares of Linde PLC (NASDAQ:LIN - Free Report) by 390.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,935 shares of the basic materials company's stock after acquiring an additional 7,115 shares during the quarter. GC Wealth Management RIA LLC's holdings in Linde were worth $4,192,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. North Capital Inc. purchased a new stake in shares of Linde during the first quarter valued at approximately $25,000. Abound Financial LLC purchased a new stake in Linde during the 1st quarter valued at $41,000. eCIO Inc. purchased a new stake in Linde during the 1st quarter valued at $45,000. Clal Insurance Enterprises Holdings Ltd boosted its position in Linde by 445.0% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company's stock valued at $51,000 after buying an additional 89 shares during the period. Finally, Nova Wealth Management Inc. purchased a new stake in Linde during the 1st quarter valued at $52,000. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on LIN. JPMorgan Chase & Co. raised 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 price objective on Linde from $485.00 to $504.00 and gave the stock a "neutral" rating in a report on Wednesday, July 9th. Royal Bank Of Canada initiated coverage on Linde in a report on Friday, June 13th. They issued an "outperform" rating and a $576.00 price objective for the company. Finally, Citigroup raised Linde from a "neutral" rating to a "buy" rating and raised their price target for the stock from $500.00 to $535.00 in a research note on Monday, June 30th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $519.63.

Linde Price Performance

NASDAQ:LIN opened at $474.41 on Monday. The company has a market cap of $222.46 billion, a P/E ratio of 33.74, a P/E/G ratio of 3.13 and a beta of 0.95. Linde PLC has a 52-week low of $408.65 and a 52-week high of $487.49. The stock's 50-day simple moving average is $474.62 and its 200 day simple moving average is $463.97. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.78 and a current ratio of 0.93.

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, topping analysts' consensus estimates of $4.03 by $0.06. The business had revenue of $8.50 billion for the quarter, compared to the consensus estimate of $8.35 billion. Linde had a net margin of 20.20% and a return on equity of 19.09%. The firm's revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the previous year, the company 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, sell-side analysts forecast that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were issued a $1.50 dividend. 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 is currently 42.67%.

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 value of $23,815,274.42. Following the transaction, the director directly owned 480,543 shares in the company, valued at approximately $227,479,445.34. This represents a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.70% of the stock is currently owned by corporate insiders.

About Linde

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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