McKinley Carter Wealth Services Inc. Buys 1,523 Shares of Linde PLC $LIN

Key Points

• McKinley Carter Wealth Services Inc. has increased its holdings in Linde PLC by 8.3%, acquiring an additional 1,523 shares, bringing its total to 19,935 shares valued at approximately $9.35 million.
• Linde reported a quarterly earnings per share (EPS) of $4.09, surpassing analysts' estimates by $0.06 and achieving a revenue of $8.50 billion for the quarter, which reflects a 2.3% year-over-year growth.
• The company recently declared a quarterly dividend of $1.50 per share, resulting in an annualized dividend yield of 1.3% and a payout ratio of 42.67%.

McKinley Carter Wealth Services Inc. lifted its holdings in shares of Linde PLC (NASDAQ:LIN - Free Report) by 8.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,935 shares of the basic materials company's stock after acquiring an additional 1,523 shares during the period. McKinley Carter Wealth Services Inc.'s holdings in Linde were worth $9,353,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. North Capital Inc. bought a new stake in shares of Linde during the first quarter worth about $25,000. Abound Financial LLC bought a new stake in shares of Linde during the first quarter worth about $41,000. eCIO Inc. bought a new stake in shares of Linde during the first quarter worth about $45,000. Clal Insurance Enterprises Holdings Ltd increased its position in shares of Linde by 445.0% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company's stock worth $51,000 after acquiring an additional 89 shares in the last quarter. Finally, Nova Wealth Management Inc. bought a new stake in shares of Linde during the first quarter worth about $52,000. 82.80% of the stock is owned by institutional investors.

Linde Stock Performance

Shares of LIN stock opened at $458.16 on Friday. The stock has a market capitalization of $214.84 billion, a P/E ratio of 32.59, a PEG ratio of 3.09 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. The firm's 50 day moving average is $474.56 and its 200 day moving average is $464.52. 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 announced its quarterly earnings results 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 company had revenue of $8.50 billion for the quarter, compared to analysts' expectations of $8.35 billion. Linde had a net margin of 20.20% and a return on equity of 19.09%. Linde's revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the company posted $3.85 EPS. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. On average, sell-side analysts anticipate that Linde PLC will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Thursday, September 4th. Linde's dividend payout ratio is presently 42.67%.

Wall Street Analysts Forecast Growth

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

Insider Activity at Linde

In related news, Director Stephen F. Angel sold 50,309 shares of the company's stock in a transaction that occurred on 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 directly owned 480,543 shares in the company, valued at approximately $227,479,445.34. This represents a 9.48% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.70% of the company's stock.

Linde Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.