Linde PLC $LIN Shares Purchased by Ritholtz Wealth Management

Key Points

• Ritholtz Wealth Management increased its stake in Linde PLC by 11.7% in the second quarter, owning 5,898 shares valued at approximately $2.77 million according to recent SEC filings.
• Insider Stephen F. Angel sold 50,309 shares of Linde for over $23.8 million, resulting in a 9.48% decrease in his stake.
• Linde's quarterly earnings report indicated an EPS of $4.09, beating estimates, and the company declared a quarterly dividend of $1.50, representing a 1.3% yield.

Ritholtz Wealth Management raised its position in Linde PLC (NASDAQ:LIN - Free Report) by 11.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,898 shares of the basic materials company's stock after acquiring an additional 619 shares during the quarter. Ritholtz Wealth Management's holdings in Linde were worth $2,767,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC lifted its stake in Linde by 1.3% in the second quarter. Bartlett & CO. Wealth Management LLC now owns 249,742 shares of the basic materials company's stock worth $117,174,000 after acquiring an additional 3,230 shares during the last quarter. Truist Financial Corp lifted its stake in Linde by 75.0% in the first quarter. Truist Financial Corp now owns 193,563 shares of the basic materials company's stock worth $90,131,000 after acquiring an additional 82,952 shares during the last quarter. Freedom Day Solutions LLC lifted its stake in Linde by 9.6% in the first quarter. Freedom Day Solutions LLC now owns 6,102 shares of the basic materials company's stock worth $2,841,000 after acquiring an additional 535 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its stake in Linde by 25.9% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 23,558 shares of the basic materials company's stock worth $10,970,000 after acquiring an additional 4,839 shares during the last quarter. Finally, Exane Asset Management purchased a new position in Linde in the first quarter worth approximately $295,000. Hedge funds and other institutional investors own 82.80% of the company's stock.

Insider Buying and Selling

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

Analyst Ratings Changes

LIN has been the subject of a number of recent research reports. UBS Group decreased their price target on shares of Linde from $510.00 to $507.00 and set a "neutral" rating for the company in a research note on Monday, October 6th. Citigroup lifted their price target on shares of Linde from $530.00 to $535.00 and gave the stock a "buy" rating in a research note on Monday, October 6th. JPMorgan Chase & Co. boosted their price objective on shares of Linde from $470.00 to $475.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Linde in a research report on Wednesday, October 8th. Two investment 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 stock. According to MarketBeat, Linde presently has an average rating of "Buy" and a consensus target price of $520.00.

Linde Stock Down 1.7%

Shares of NASDAQ:LIN opened at $451.42 on Thursday. The firm has a 50 day simple moving average of $473.62 and a 200-day simple moving average of $464.37. Linde PLC has a twelve month low of $408.65 and a twelve month high of $487.49. The company has a market capitalization of $211.68 billion, a PE ratio of 32.11, a P/E/G ratio of 3.03 and a beta of 0.93. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 0.49.

Linde (NASDAQ:LIN - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The basic materials company reported $4.09 EPS for the quarter, beating the consensus estimate of $4.03 by $0.06. Linde had a net margin of 20.20% and a return on equity of 19.09%. The firm had revenue of $8.50 billion during the quarter, compared to the consensus estimate of $8.35 billion. During the same quarter in the prior year, the firm earned $3.85 EPS. Linde's revenue for the quarter was up 2.3% on a year-over-year basis. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. On average, equities analysts predict 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 $1.50 dividend. The ex-dividend date was Thursday, September 4th. This represents a $6.00 annualized dividend and a yield of 1.3%. Linde's dividend payout ratio is 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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