Moran Wealth Management LLC decreased its position in Linde PLC (NASDAQ:LIN - Free Report) by 1.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 70,115 shares of the basic materials company's stock after selling 902 shares during the quarter. Linde comprises approximately 1.0% of Moran Wealth Management LLC's investment portfolio, making the stock its 14th biggest position. Moran Wealth Management LLC's holdings in Linde were worth $32,897,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Breakwater Capital Group lifted its holdings in shares of Linde by 2.3% during the second quarter. Breakwater Capital Group now owns 980 shares of the basic materials company's stock worth $460,000 after buying an additional 22 shares in the last quarter. Canopy Partners LLC increased its position in Linde by 2.9% during the second quarter. Canopy Partners LLC now owns 788 shares of the basic materials company's stock worth $370,000 after acquiring an additional 22 shares during the period. Mitchell Sinkler & Starr PA increased its position in Linde by 1.9% during the second quarter. Mitchell Sinkler & Starr PA now owns 1,192 shares of the basic materials company's stock worth $559,000 after acquiring an additional 22 shares during the period. Clarendon Private LLC increased its position in Linde by 1.0% during the second quarter. Clarendon Private LLC now owns 2,273 shares of the basic materials company's stock worth $1,066,000 after acquiring an additional 22 shares during the period. Finally, Strategy Asset Managers LLC increased its position in Linde by 2.8% during the first quarter. Strategy Asset Managers LLC now owns 834 shares of the basic materials company's stock worth $388,000 after acquiring an additional 23 shares during the period. Institutional investors and hedge funds own 82.80% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on the stock. UBS Group decreased their target price on shares of Linde from $510.00 to $507.00 and set a "neutral" rating on the stock in a research report on Monday, October 6th. Weiss Ratings reiterated a "buy (b)" rating on shares of Linde in a research note on Wednesday, October 8th. Citigroup boosted their price target on Linde from $530.00 to $535.00 and gave the company a "buy" rating in a research note on Monday, October 6th. Finally, JPMorgan Chase & Co. lifted their price objective on Linde from $470.00 to $475.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $520.00.
Read Our Latest Report on LIN
Linde Stock Performance
Shares of Linde stock opened at $456.64 on Tuesday. The company has a 50 day moving average of $474.23 and a 200-day moving average of $464.49. Linde PLC has a 1-year low of $408.65 and a 1-year high of $487.49. 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 company has a market cap of $214.12 billion, a PE ratio of 32.48, a price-to-earnings-growth ratio of 3.00 and a beta of 0.93.
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 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 business had revenue of $8.50 billion during the quarter, compared to the consensus estimate of $8.35 billion. During the same period in the previous year, the business earned $3.85 earnings per share. The company's 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 research analysts forecast that Linde PLC will post 16.54 earnings per share for the current fiscal year.
Linde Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were paid a $1.50 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $6.00 annualized dividend and a yield of 1.3%. Linde's dividend payout ratio (DPR) is 42.67%.
Insiders Place Their Bets
In related news, Director Stephen F. Angel sold 50,309 shares of the firm's stock in a transaction dated 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 sale, the director directly owned 480,543 shares of the company's stock, valued at $227,479,445.34. This trade represents a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.70% of the stock is owned by company insiders.
Linde Company Profile
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Free Report)
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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