Linde PLC $LIN Shares Bought by Blue Zone Wealth Advisors LLC

Key Points

• Blue Zone Wealth Advisors LLC increased its stake in Linde PLC by 5.1%, now holding 12,444 shares worth approximately $5.84 million.
• Equities analysts have mixed views on Linde, with price targets ranging from $475.00 by JPMorgan to $576.00 by Royal Bank of Canada, and a general consensus rating of "Buy".
• Linde recently announced a quarterly dividend of $1.50, resulting in an annualized yield of 1.3% and a payout ratio of 42.67%.

Blue Zone Wealth Advisors LLC boosted its position in Linde PLC (NASDAQ:LIN - Free Report) by 5.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,444 shares of the basic materials company's stock after purchasing an additional 599 shares during the period. Blue Zone Wealth Advisors LLC's holdings in Linde were worth $5,838,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. PDS Planning Inc increased its stake in Linde by 41.7% in the 2nd quarter. PDS Planning Inc now owns 3,878 shares of the basic materials company's stock valued at $1,819,000 after purchasing an additional 1,141 shares in the last quarter. JB Capital LLC purchased a new position in Linde in the 2nd quarter valued at approximately $222,000. Blue Trust Inc. increased its stake in Linde by 12.2% in the 2nd quarter. Blue Trust Inc. now owns 8,159 shares of the basic materials company's stock valued at $3,828,000 after purchasing an additional 884 shares in the last quarter. Fourpath Capital Management LLC increased its stake in Linde by 1.7% in the 2nd quarter. Fourpath Capital Management LLC now owns 4,210 shares of the basic materials company's stock valued at $1,975,000 after purchasing an additional 72 shares in the last quarter. Finally, Cyndeo Wealth Partners LLC increased its stake in Linde by 2.5% in the 2nd quarter. Cyndeo Wealth Partners LLC now owns 16,005 shares of the basic materials company's stock valued at $7,509,000 after purchasing an additional 391 shares in the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. UBS Group dropped their price objective on Linde from $510.00 to $507.00 and set a "neutral" rating for the company in a research note on Monday. Citigroup raised their price target on Linde from $530.00 to $535.00 and gave the stock a "buy" rating in a research report on Monday. Royal Bank Of Canada started coverage on Linde in a research report on Friday, June 13th. They set an "outperform" rating and a $576.00 price target for the company. Weiss Ratings reissued a "buy (b)" rating on shares of Linde in a research report on Wednesday. Finally, JPMorgan Chase & Co. raised their price target on Linde from $470.00 to $475.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $520.00.

Linde Price Performance

Shares of NASDAQ:LIN opened at $453.82 on Friday. The company has a market cap of $212.80 billion, a P/E ratio of 32.28, a P/E/G ratio of 3.03 and a beta of 0.93. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 0.49. Linde PLC has a 52 week low of $408.65 and a 52 week high of $487.49. The business has a fifty day simple moving average of $474.45 and a 200-day simple moving average of $464.49.

Linde (NASDAQ:LIN - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The basic materials company reported $4.09 EPS for the quarter, beating analysts' consensus estimates of $4.03 by $0.06. The business had revenue of $8.50 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous 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. Equities research analysts forecast that Linde PLC will post 16.54 EPS for the current year.

Linde Announces Dividend

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 dividend on an annualized basis and a dividend yield of 1.3%. Linde's payout ratio is currently 42.67%.

Insider Activity at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of Linde stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $473.38, for a total value 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. 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 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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