Simplicity Wealth LLC Boosts Stake in Linde PLC $LIN

Key Points

• Simplicity Wealth LLC increased its stake in Linde PLC by 48.4%, bringing its total shares to 3,937 and value to approximately $1.85 million.
• Linde recently reported earnings per share of $4.09, surpassing expectations, with revenue of $8.50 billion for the quarter.
• A quarterly dividend of $1.50 per share was declared, resulting in an annualized dividend of $6.00, reflecting a 1.3% yield.

Simplicity Wealth LLC lifted its holdings in shares of Linde PLC (NASDAQ:LIN - Free Report) by 48.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,937 shares of the basic materials company's stock after purchasing an additional 1,284 shares during the quarter. Simplicity Wealth LLC's holdings in Linde were worth $1,847,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LIN. North Capital Inc. purchased a new stake in shares of Linde in the 1st quarter valued at approximately $25,000. Abound Financial LLC purchased a new stake in Linde in the first quarter valued at approximately $41,000. eCIO Inc. acquired a new position in Linde during the first quarter worth $45,000. Clal Insurance Enterprises Holdings Ltd boosted 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 buying an additional 89 shares during the period. Finally, Nova Wealth Management Inc. acquired a new stake in shares of Linde in the first quarter valued at $52,000. 82.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on LIN. Royal Bank Of Canada began coverage on Linde in a research note on Friday, June 13th. They set an "outperform" rating and a $576.00 target price on the stock. UBS Group raised their price objective on shares of Linde from $485.00 to $504.00 and gave the company a "neutral" rating in a research note on Wednesday, July 9th. Citigroup upgraded shares of Linde from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $500.00 to $535.00 in a report on Monday, June 30th. Weiss Ratings reiterated a "buy (b)" rating on shares of Linde in a report on Saturday, September 27th. Finally, 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 research note on Monday, August 4th. Two investment 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 data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $519.63.

Insider Activity at Linde

In other 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 transaction, the director owned 480,543 shares in the company, valued at approximately $227,479,445.34. This represents a 9.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.70% of the company's stock.

Linde Trading Down 0.6%

NASDAQ LIN opened at $466.73 on Monday. Linde PLC has a 52 week low of $408.65 and a 52 week high of $487.49. The firm has a 50 day moving average of $474.57 and a two-hundred day moving average of $464.39. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $218.85 billion, a PE ratio of 33.20, a price-to-earnings-growth ratio of 3.08 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 earnings per share for the quarter, beating analysts' consensus estimates of $4.03 by $0.06. The business 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 last 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. As a group, research analysts expect that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Announces Dividend

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

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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