Napa Wealth Management Makes New $513,000 Investment in Linde PLC $LIN

Key Points

• Napa Wealth Management has acquired 1,101 shares of Linde PLC, valued at approximately $513,000, highlighting increasing interest from institutional investors in the company.
• Several analysts have raised their price targets for Linde, with an overall consensus rating of "Buy" and an average target price of $519.63.
• Linde recently reported earnings of $4.09 per share, surpassing estimates, and announced a quarterly dividend of $1.50, which will be paid on September 18th, representing an annual yield of 1.2%.

Napa Wealth Management acquired a new stake in Linde PLC (NASDAQ:LIN - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,101 shares of the basic materials company's stock, valued at approximately $513,000.

Other institutional investors have also modified their holdings of the company. Prosperity Consulting Group LLC lifted its holdings in shares of Linde by 4.5% in the fourth quarter. Prosperity Consulting Group LLC now owns 7,788 shares of the basic materials company's stock valued at $3,261,000 after buying an additional 332 shares during the period. AlTi Global Inc. acquired a new stake in shares of Linde in the fourth quarter valued at $971,000. Truist Financial Corp lifted its holdings in shares of Linde by 75.0% in the first quarter. Truist Financial Corp now owns 193,563 shares of the basic materials company's stock valued at $90,131,000 after buying an additional 82,952 shares during the period. Freedom Day Solutions LLC lifted its holdings in shares of Linde by 9.6% in the first quarter. Freedom Day Solutions LLC now owns 6,102 shares of the basic materials company's stock valued at $2,841,000 after buying an additional 535 shares during the period. Finally, Castlekeep Investment Advisors LLC acquired a new stake in shares of Linde in the fourth quarter valued at $468,360,000. Institutional investors and hedge funds own 82.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. UBS Group upped 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 boosted their target price for the stock from $500.00 to $535.00 in a research report on Monday, June 30th. Royal Bank Of Canada initiated coverage on Linde in a research report on Friday, June 13th. They set an "outperform" rating and a $576.00 target price on the stock. Finally, JPMorgan Chase & Co. boosted their target price on Linde from $470.00 to $475.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. 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 company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $519.63.

Linde Stock Up 0.2%

Linde stock traded up $0.79 during mid-day trading on Wednesday, hitting $482.71. The company's stock had a trading volume of 2,259,628 shares, compared to its average volume of 2,055,147. The firm's 50 day moving average is $469.94 and its 200 day moving average is $461.48. The company has a market cap of $226.35 billion, a PE ratio of 34.33, a price-to-earnings-growth ratio of 3.16 and a beta of 0.92. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.93 and a quick ratio of 0.78. Linde PLC has a 52-week low of $408.65 and a 52-week high of $487.49.

Linde (NASDAQ:LIN - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The basic materials company reported $4.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.03 by $0.06. The firm had revenue of $8.50 billion during the quarter, compared to the consensus estimate of $8.35 billion. Linde had a return on equity of 19.09% and a net margin of 20.20%.The business's revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the prior year, the business earned $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, analysts anticipate that Linde PLC will post 16.54 earnings per share for the current year.

Linde Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be paid a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, September 4th. Linde's dividend payout ratio is currently 42.67%.

Insider Transactions at Linde

In related news, Director Stephen F. Angel sold 50,309 shares of the 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 completion of the sale, the director directly owned 480,543 shares of the company's stock, valued at approximately $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 is accessible through this hyperlink. Corporate insiders own 0.70% of the company's stock.

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.