Wealth Enhancement Advisory Services LLC Sells 1,302 Shares of Linde PLC $LIN

Key Points

• Wealth Enhancement Advisory Services LLC reduced its stake in Linde PLC by 2.1%, selling 1,302 shares, leaving them with 60,125 shares valued at approximately $28.6 million.
• Director Stephen F. Angel sold 50,309 shares of Linde stock for about $23.8 million, resulting in a 9.48% drop in their ownership.
• Linde recently declared a quarterly dividend of $1.50 per share, with an annualized yield of 1.3% and a dividend payout ratio of 42.67%.

Wealth Enhancement Advisory Services LLC reduced its position in shares of Linde PLC (NASDAQ:LIN - Free Report) by 2.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 60,125 shares of the basic materials company's stock after selling 1,302 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Linde were worth $28,594,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. North Capital Inc. bought a new position in Linde in the 1st quarter valued at $25,000. Putney Financial Group LLC acquired a new stake in shares of Linde in the fourth quarter valued at $31,000. Capital A Wealth Management LLC acquired a new stake in shares of Linde in the fourth quarter valued at $37,000. Abound Financial LLC bought a new position in shares of Linde in the first quarter valued at about $41,000. Finally, Vermillion Wealth Management Inc. acquired a new position in Linde during the 4th quarter worth about $42,000. 82.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

LIN has been the topic of several research analyst reports. Royal Bank Of Canada assumed coverage on shares of Linde in a research note on Friday, June 13th. They set an "outperform" rating and a $576.00 price target on the stock. Citigroup upgraded 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. JPMorgan Chase & Co. raised their price target on Linde from $470.00 to $475.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Finally, UBS Group boosted their price objective on Linde from $485.00 to $504.00 and gave the stock a "neutral" rating in a report on Wednesday, July 9th. Two equities research 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 data from MarketBeat.com, Linde presently has an average rating of "Buy" and an average price target of $519.63.

Linde Price Performance

Shares of NASDAQ LIN traded up $3.01 during mid-day trading on Friday, reaching $479.01. The company had a trading volume of 3,725,607 shares, compared to its average volume of 1,663,088. The firm has a market cap of $224.61 billion, a price-to-earnings ratio of 34.07, a PEG ratio of 3.16 and a beta of 0.95. The business's 50-day simple moving average is $473.32 and its 200 day simple moving average is $463.35. Linde PLC has a one year low of $408.65 and a one year high of $487.49. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.78 and a current ratio of 0.93.

Linde (NASDAQ:LIN - Get Free Report) last issued its earnings results 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. The company had revenue of $8.50 billion during the quarter, compared to analysts' expectations of $8.35 billion. Linde had a net margin of 20.20% and a return on equity of 19.09%. The business's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company 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, research analysts predict that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Announces Dividend

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

Insider Buying and Selling at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of the firm's 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 sale, the director directly owned 480,543 shares in the company, valued at approximately $227,479,445.34. This trade represents a 9.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.70% of the stock is currently owned by corporate insiders.

About Linde

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.