Linde PLC $LIN Shares Purchased by Signal Advisors Wealth LLC

Key Points

• Signal Advisors Wealth LLC increased its stake in Linde PLC by 43.6% in the second quarter, owning a total of 4,679 shares worth $2,195,000.
• Linde recently reported earnings of $4.09 per share, exceeding analysts' expectations, with a revenue of $8.50 billion for the quarter.
• The company declared a quarterly dividend of $1.50 per share, with an annualized dividend yield of 1.3%, payable on September 18th.

Signal Advisors Wealth LLC grew its holdings in shares of Linde PLC (NASDAQ:LIN - Free Report) by 43.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,679 shares of the basic materials company's stock after acquiring an additional 1,421 shares during the period. Signal Advisors Wealth LLC's holdings in Linde were worth $2,195,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. North Capital Inc. acquired a new stake in shares of Linde during the first quarter valued at about $25,000. Putney Financial Group LLC acquired a new stake in shares of Linde during the fourth quarter valued at about $31,000. Capital A Wealth Management LLC acquired a new position in Linde in the fourth quarter worth about $37,000. Abound Financial LLC acquired a new position in Linde in the first quarter worth about $41,000. Finally, Vermillion Wealth Management Inc. acquired a new position in Linde in the fourth quarter worth about $42,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Stephen F. Angel sold 50,309 shares of the business's stock in a transaction that occurred on 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 sale, the director owned 480,543 shares of the company's stock, valued at $227,479,445.34. The trade was a 9.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

LIN has been the subject of a number of research reports. Citigroup upgraded Linde from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $500.00 to $535.00 in a research note on Monday, June 30th. JPMorgan Chase & Co. lifted 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. UBS Group lifted their target price on Linde from $485.00 to $504.00 and gave the company a "neutral" rating in a research note on Wednesday, July 9th. Finally, Royal Bank Of Canada initiated coverage on Linde in a research note on Friday, June 13th. They issued an "outperform" rating and a $576.00 target price for the company. Two investment 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 company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $519.63.

Linde Stock Performance

Shares of LIN traded up $3.01 during mid-day trading on Friday, reaching $479.01. 3,725,607 shares of the company's stock traded hands, compared to its average volume of 1,663,088. The business's 50-day moving average price is $473.32 and its 200-day moving average price is $463.38. The stock has a market capitalization of $224.61 billion, a P/E ratio of 34.07, a price-to-earnings-growth ratio of 3.14 and a beta of 0.95. 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 PLC has a 12 month low of $408.65 and a 12 month high of $487.49.

Linde (NASDAQ:LIN - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share for the quarter, beating analysts' consensus estimates of $4.03 by $0.06. The company 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 business's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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. Equities analysts predict that Linde PLC will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

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