Sequoia Financial Advisors LLC Has $6.96 Million Stock Position in Linde PLC $LIN

Key Points

• Sequoia Financial Advisors LLC increased its position in Linde PLC by 21.2%, bringing its stake to a total of 14,838 shares valued at approximately $6.96 million.
• Linde recently reported $4.09 earnings per share for the quarter, exceeding analysts' forecasts and showing a 2.3% year-over-year revenue growth.
• The company announced a quarterly dividend of $1.50, resulting in an annualized yield of 1.3% with a dividend payout ratio of 42.67%.

Sequoia Financial Advisors LLC boosted its stake in Linde PLC (NASDAQ:LIN - Free Report) by 21.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 14,838 shares of the basic materials company's stock after buying an additional 2,596 shares during the period. Sequoia Financial Advisors LLC's holdings in Linde were worth $6,962,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. North Capital Inc. acquired a new position in Linde in the 1st quarter valued at about $25,000. Abound Financial LLC acquired a new position in shares of Linde during the 1st quarter worth approximately $41,000. eCIO Inc. bought a new position in shares of Linde during the first quarter worth approximately $45,000. Clal Insurance Enterprises Holdings Ltd raised its position in shares of Linde by 445.0% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company's stock valued at $51,000 after buying an additional 89 shares in the last quarter. Finally, Nova Wealth Management Inc. acquired a new stake in shares of Linde in the first quarter valued at approximately $52,000. Institutional investors and hedge funds own 82.80% of the company's stock.

Analyst Upgrades and Downgrades

LIN has been the subject of a number of analyst reports. UBS Group dropped their price target on shares of Linde from $510.00 to $507.00 and set a "neutral" rating for the company in a research report on Monday, October 6th. Weiss Ratings reiterated a "buy (b)" rating on shares of Linde in a research report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price target on shares of Linde from $470.00 to $475.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Finally, Citigroup lifted their price target on shares of Linde from $530.00 to $535.00 and gave the company a "buy" rating in a research report on Monday, October 6th. 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.com, the stock currently has a consensus rating of "Buy" and an average price target of $520.00.

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 issued its quarterly earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share for the quarter, topping analysts' consensus estimates of $4.03 by $0.06. Linde had a net margin of 20.20% and a return on equity of 19.09%. The company had revenue of $8.50 billion during the quarter, compared to the consensus estimate of $8.35 billion. During the same quarter in the prior year, the firm posted $3.85 EPS. The firm'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 research analysts forecast that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Announces Dividend

The business 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 is presently 42.67%.

Insider Buying and Selling

In related news, Director Stephen F. Angel sold 50,309 shares of the stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $473.38, for a total value of $23,815,274.42. Following the completion of the transaction, the director owned 480,543 shares of the company's stock, valued at $227,479,445.34. This represents a 9.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.70% of the stock is currently owned by insiders.

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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