Linde PLC $LIN Stock Position Decreased by AAFMAA Wealth Management & Trust LLC

Key Points

• AAFMAA Wealth Management & Trust LLC reduced its stake in Linde PLC by 13.7%, bringing its holdings to 3,671 shares valued at approximately $1.72 million.
• Linde reported earnings of $4.09 per share for the last quarter, surpassing analysts' expectations and reflecting a 2.3% year-over-year revenue increase to $8.50 billion.
• Analysts currently hold a consensus rating of "Buy" for Linde, with a target price averaging $519.63.

AAFMAA Wealth Management & Trust LLC lowered its stake in Linde PLC (NASDAQ:LIN - Free Report) by 13.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,671 shares of the basic materials company's stock after selling 582 shares during the quarter. AAFMAA Wealth Management & Trust LLC's holdings in Linde were worth $1,722,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of LIN. Brighton Jones LLC purchased a new position in Linde during the 4th quarter worth approximately $2,752,000. Revolve Wealth Partners LLC raised its position in Linde by 14.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company's stock valued at $325,000 after buying an additional 96 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in Linde by 8.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 57,589 shares of the basic materials company's stock worth $24,110,000 after acquiring an additional 4,514 shares in the last quarter. First Financial Bank Trust Division increased its stake in shares of Linde by 5.6% in the first quarter. First Financial Bank Trust Division now owns 505 shares of the basic materials company's stock worth $235,000 after acquiring an additional 27 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of Linde by 13.6% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,789 shares of the basic materials company's stock worth $833,000 after acquiring an additional 214 shares in the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Linde

In other Linde news, Director Stephen F. Angel sold 50,309 shares of the 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 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.70% of the stock is currently owned by company insiders.

Linde Stock Performance

NASDAQ:LIN opened at $473.78 on Friday. The firm has a market capitalization of $222.16 billion, a PE ratio of 33.70, a price-to-earnings-growth ratio of 3.13 and a beta of 0.95. 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 12-month low of $408.65 and a 12-month high of $487.49. The firm has a 50-day moving average price of $474.43 and a 200 day moving average price of $463.66.

Linde (NASDAQ:LIN - Get Free Report) last announced 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. Linde had a net margin of 20.20% and a return on equity of 19.09%. The business had revenue of $8.50 billion during the quarter, compared to analysts' expectations of $8.35 billion. During the same quarter last year, the company posted $3.85 EPS. The firm'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. Research analysts anticipate that Linde PLC will post 16.54 earnings per share 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 issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Thursday, September 4th. Linde's payout ratio is currently 42.67%.

Analyst Ratings Changes

LIN has been the subject of several analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Linde from $470.00 to $475.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Royal Bank Of Canada assumed coverage on Linde in a research note on Friday, June 13th. They set an "outperform" rating and a $576.00 price target for the company. Citigroup raised Linde from a "neutral" rating to a "buy" rating and increased their price objective for the company from $500.00 to $535.00 in a report on Monday, June 30th. Finally, UBS Group upped their target price on Linde from $485.00 to $504.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 9th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $519.63.

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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