Opal Wealth Advisors LLC Has $285,000 Holdings in Linde PLC $LIN

Opal Wealth Advisors LLC raised its stake in Linde PLC (NASDAQ:LIN) by 45.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 608 shares of the basic materials company’s stock after buying an additional 189 shares during the quarter. Opal Wealth Advisors LLC’s holdings in Linde were worth $285,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of LIN. Price T Rowe Associates Inc. MD boosted its stake in Linde by 5.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,600,297 shares of the basic materials company’s stock worth $4,470,284,000 after acquiring an additional 453,108 shares during the last quarter. Wellington Management Group LLP raised its holdings in Linde by 18.6% in 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 period. Nuveen LLC bought a new position in shares of Linde during the first quarter worth $2,097,793,000. Invesco Ltd. grew its holdings in shares of Linde by 1.1% in the 1st quarter. Invesco Ltd. now owns 3,859,539 shares of the basic materials company’s stock valued at $1,797,156,000 after buying an additional 40,931 shares during the period. Finally, GAMMA Investing LLC increased its position in shares of Linde by 58,312.0% in the 1st quarter. GAMMA Investing LLC now owns 3,415,935 shares of the basic materials company’s stock valued at $1,590,596,000 after buying an additional 3,410,087 shares in the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of the company’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 transaction 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. This represents a 9.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Linde Stock Up 0.5%

NASDAQ LIN opened at $479.94 on Wednesday. The company has a market cap of $225.05 billion, a price-to-earnings ratio of 34.14, a PEG ratio of 3.15 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 current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 0.49. The company has a 50 day moving average of $473.89 and a 200-day moving average of $463.51.

Linde (NASDAQ:LIN) last announced 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 firm had revenue of $8.50 billion during the quarter, compared to analysts’ expectations of $8.35 billion. Linde had a return on equity of 19.09% and a net margin of 20.20%.The company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period 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. On average, equities research analysts expect that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were issued a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, September 4th. Linde’s dividend payout ratio (DPR) 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.