Linde PLC $LIN Stock Position Raised by Bartlett & CO. Wealth Management LLC

Key Points

• Bartlett & CO. Wealth Management LLC increased its stake in Linde PLC by 1.3% to a total of 249,742 shares, now representing 1.6% of its portfolio.
• Linde reported a quarterly earnings per share (EPS) of $4.09, exceeding analysts' expectations, with revenues of $8.50 billion, an increase of 2.3% year-over-year.
• The company declared a quarterly dividend of $1.50, translating to an annualized dividend of $6.00 with a yield of 1.3%.

Bartlett & CO. Wealth Management LLC raised its position in shares of Linde PLC (NASDAQ:LIN - Free Report) by 1.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 249,742 shares of the basic materials company's stock after purchasing an additional 3,230 shares during the period. Linde accounts for about 1.6% of Bartlett & CO. Wealth Management LLC's investment portfolio, making the stock its 15th largest position. Bartlett & CO. Wealth Management LLC owned approximately 0.05% of Linde worth $117,174,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Truist Financial Corp increased its holdings in shares of Linde by 75.0% during the 1st quarter. Truist Financial Corp now owns 193,563 shares of the basic materials company's stock valued at $90,131,000 after acquiring an additional 82,952 shares during the last quarter. Freedom Day Solutions LLC increased its holdings in shares of Linde by 9.6% during the 1st quarter. Freedom Day Solutions LLC now owns 6,102 shares of the basic materials company's stock valued at $2,841,000 after acquiring an additional 535 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its holdings in shares of Linde by 25.9% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 23,558 shares of the basic materials company's stock valued at $10,970,000 after acquiring an additional 4,839 shares during the last quarter. Exane Asset Management acquired a new position in shares of Linde during the 1st quarter valued at about $295,000. Finally, Hourglass Capital LLC acquired a new position in shares of Linde during the 1st quarter valued at about $935,000. Institutional investors and hedge funds own 82.80% of the company's stock.

Linde Price Performance

Shares of LIN stock opened at $475.00 on Wednesday. The stock has a 50 day moving average of $474.80 and a two-hundred day moving average of $464.19. 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 PLC has a 12 month low of $408.65 and a 12 month high of $487.49. The company has a market capitalization of $222.73 billion, a P/E ratio of 33.78, a P/E/G ratio of 3.15 and a beta of 0.95.

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, topping analysts' consensus estimates of $4.03 by $0.06. Linde had a return on equity of 19.09% and a net margin of 20.20%.The company had revenue of $8.50 billion during the quarter, compared to the consensus estimate of $8.35 billion. During the same quarter last year, the company earned $3.85 EPS. The company's quarterly revenue 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. As a group, equities analysts expect that Linde PLC will post 16.54 EPS for the current year.

Linde Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Shareholders 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 dividend on an annualized basis and a dividend yield of 1.3%. Linde's dividend payout ratio (DPR) is currently 42.67%.

Insider Activity at Linde

In other Linde news, Director Stephen F. Angel sold 50,309 shares of the firm'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 value of $23,815,274.42. Following the completion of the sale, the director owned 480,543 shares in the company, valued at approximately $227,479,445.34. This trade 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 the SEC website. Corporate insiders own 0.70% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on LIN shares. UBS Group increased their price objective on Linde from $485.00 to $504.00 and gave the company a "neutral" rating in a report on Wednesday, July 9th. Citigroup raised Linde from a "neutral" rating to a "buy" rating and raised their target price for the company from $500.00 to $535.00 in a report on Monday, June 30th. JPMorgan Chase & Co. raised their target price on Linde from $470.00 to $475.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Finally, Royal Bank Of Canada initiated coverage on Linde in a report on Friday, June 13th. They issued an "outperform" rating and a $576.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Linde has a consensus rating of "Buy" and a consensus price target of $519.63.

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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