RWA Wealth Partners LLC Sells 1,119 Shares of Linde PLC $LIN

Key Points

• RWA Wealth Partners LLC decreased its holdings in Linde PLC by 1.7%, now owning 64,563 shares valued at approximately $30 million.
• Several institutional investors, including Strategy Asset Managers LLC and UBS Group, increased their stakes in Linde, indicating continued interest in the stock.
• Linde recently posted earnings of $4.09 EPS, surpassing estimates, and announced a quarterly dividend of $1.50 per share.

RWA Wealth Partners LLC decreased its holdings in shares of Linde PLC (NASDAQ:LIN - Free Report) by 1.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 64,563 shares of the basic materials company's stock after selling 1,119 shares during the quarter. RWA Wealth Partners LLC's holdings in Linde were worth $30,063,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Wellington Management Group LLP boosted its holdings in Linde by 18.6% during the first quarter. Wellington Management Group LLP now owns 7,542,991 shares of the basic materials company's stock worth $3,511,751,000 after purchasing an additional 1,182,157 shares during the last quarter. Freemont Capital Pte Ltd acquired a new position in Linde during the fourth quarter worth $2,128,233,000. Northern Trust Corp boosted its holdings in Linde by 11.3% during the fourth quarter. Northern Trust Corp now owns 4,925,322 shares of the basic materials company's stock worth $2,062,085,000 after purchasing an additional 500,489 shares during the last quarter. Nuveen LLC acquired a new position in Linde during the first quarter worth $2,097,793,000. Finally, Invesco Ltd. raised its position in Linde by 1.1% during the first quarter. Invesco Ltd. now owns 3,859,539 shares of the basic materials company's stock worth $1,797,156,000 after acquiring an additional 40,931 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company's stock.

Insider Buying and Selling

In related news, Director Stephen F. Angel sold 50,309 shares of the firm's 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 transaction, the director directly owned 480,543 shares of the company's stock, valued at approximately $227,479,445.34. This trade represents a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.70% of the company's stock.

Wall Street Analyst Weigh In

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

Linde Stock Performance

Shares of LIN traded up $0.96 during trading hours on Friday, hitting $481.67. The company had a trading volume of 1,782,427 shares, compared to its average volume of 2,061,979. The firm has a market cap of $225.86 billion, a price-to-earnings ratio of 34.26, a PEG ratio of 3.18 and a beta of 0.92. The business has a fifty day moving average of $468.98 and a 200-day moving average of $460.94. Linde PLC has a 12 month low of $408.65 and a 12 month high of $487.49. 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 (NASDAQ:LIN - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The basic materials company reported $4.09 earnings per share for the quarter, beating the consensus estimate of $4.03 by $0.06. The company had revenue of $8.50 billion for the quarter, compared to analyst estimates of $8.35 billion. Linde had a net margin of 20.20% and a return on equity of 19.09%. The company's revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $3.85 earnings per share. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. Equities analysts anticipate that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Dividend Announcement

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

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.