Brown Miller Wealth Management LLC Increases Stake in Linde PLC $LIN

Brown Miller Wealth Management LLC lifted its stake in shares of Linde PLC (NASDAQ:LIN) by 0.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,226 shares of the basic materials company’s stock after buying an additional 64 shares during the quarter. Linde makes up approximately 1.3% of Brown Miller Wealth Management LLC’s portfolio, making the stock its 14th biggest position. Brown Miller Wealth Management LLC’s holdings in Linde were worth $4,329,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in LIN. Bartlett & CO. Wealth Management LLC grew its stake in shares of Linde by 1.3% during the second quarter. Bartlett & CO. Wealth Management LLC now owns 249,742 shares of the basic materials company’s stock worth $117,174,000 after purchasing an additional 3,230 shares in the last quarter. Truist Financial Corp increased its position in Linde by 75.0% during the first quarter. Truist Financial Corp now owns 193,563 shares of the basic materials company’s stock worth $90,131,000 after buying an additional 82,952 shares during the period. Freedom Day Solutions LLC grew its stake 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. Meiji Yasuda Asset Management Co Ltd. raised its stake in shares of Linde by 25.9% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 23,558 shares of the basic materials company’s stock worth $10,970,000 after buying an additional 4,839 shares in the last quarter. Finally, Hourglass Capital LLC purchased a new position in shares of Linde during the 1st quarter worth approximately $935,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analyst Ratings Changes

LIN has been the topic of a number of analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Linde in a research note on Saturday, September 27th. UBS Group boosted their target price on shares of Linde from $485.00 to $504.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 9th. Royal Bank Of Canada started coverage on shares of Linde in a report on Friday, June 13th. They issued an “outperform” rating and a $576.00 price target for the company. Citigroup upgraded shares of Linde from a “neutral” rating to a “buy” rating and raised their price objective for the company from $500.00 to $535.00 in a research note on Monday, June 30th. Finally, JPMorgan Chase & Co. upped their target price on shares of Linde from $470.00 to $475.00 and gave the stock an “overweight” rating in a research report 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 assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $519.63.

Insider Buying and Selling

In other Linde news, Director Stephen F. Angel sold 50,309 shares of the firm’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $473.38, for a total transaction of $23,815,274.42. Following the completion of the transaction, the director owned 480,543 shares of the company’s stock, valued at approximately $227,479,445.34. This trade represents a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.70% of the company’s stock.

Linde Trading Down 0.6%

NASDAQ:LIN opened at $466.73 on Friday. Linde PLC has a 52-week low of $408.65 and a 52-week high of $487.49. 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 fifty day simple moving average of $474.57 and a 200-day simple moving average of $464.34. The company 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) last issued its quarterly earnings data on Friday, August 1st. The basic materials company reported $4.09 EPS for the quarter, beating analysts’ consensus estimates of $4.03 by $0.06. The firm had revenue of $8.50 billion for 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 firm’s revenue was up 2.3% on a year-over-year basis. During the same period in the prior 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, equities research analysts expect that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a yield of 1.3%. Linde’s dividend payout ratio is presently 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.