Linde PLC $LIN Shares Bought by RMR Wealth Builders

RMR Wealth Builders raised its stake in Linde PLC (NASDAQ:LIN) by 12.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,729 shares of the basic materials company’s stock after purchasing an additional 525 shares during the quarter. RMR Wealth Builders’ holdings in Linde were worth $2,219,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Truist Financial Corp boosted its holdings in shares of Linde by 75.0% in the 1st quarter. Truist Financial Corp now owns 193,563 shares of the basic materials company’s stock valued at $90,131,000 after purchasing an additional 82,952 shares during the last quarter. Freedom Day Solutions LLC boosted its holdings in shares of Linde by 9.6% in the 1st quarter. Freedom Day Solutions LLC now owns 6,102 shares of the basic materials company’s stock valued at $2,841,000 after purchasing an additional 535 shares during the last quarter. Exane Asset Management acquired a new position in shares of Linde in the 1st quarter valued at $295,000. Hourglass Capital LLC purchased a new position in shares of Linde in the 1st quarter valued at $935,000. Finally, Ethos Financial Group LLC purchased a new position in shares of Linde in the 1st quarter valued at $345,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insider Buying and Selling at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of the business’s stock in a transaction dated 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 sale, the director owned 480,543 shares of the company’s stock, valued at approximately $227,479,445.34. The trade was a 9.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.70% of the company’s stock.

Linde Price Performance

LIN opened at $482.04 on Monday. The company has a 50-day moving average of $472.66 and a 200-day moving average of $462.93. The company has a market capitalization of $226.03 billion, a P/E ratio of 34.28, a PEG ratio of 3.18 and a beta of 0.95. Linde PLC has a 1-year low of $408.65 and a 1-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) last released its earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share for the quarter, topping the consensus estimate of $4.03 by $0.06. The company had revenue of $8.50 billion during the quarter, compared to the consensus estimate 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 quarter in the previous year, the firm 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. Equities analysts expect that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Dividend Announcement

The business also recently announced 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 payout ratio is presently 42.67%.

Analyst Ratings Changes

A number of brokerages have recently commented on LIN. UBS Group raised their target price 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. JPMorgan Chase & Co. raised their target price on shares of Linde from $470.00 to $475.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Royal Bank Of Canada started coverage on shares of Linde in a research note on Friday, June 13th. They issued an “outperform” rating and a $576.00 target price on the stock. Finally, Citigroup raised shares of Linde from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $500.00 to $535.00 in a research note on Monday, June 30th. Two 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 data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $519.63.

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.