Wealthfront Advisers LLC Buys 556 Shares of Linde PLC $LIN

Wealthfront Advisers LLC boosted its stake in Linde PLC (NASDAQ:LIN) by 1.1% in the second quarter, HoldingsChannel reports. The firm owned 52,410 shares of the basic materials company’s stock after acquiring an additional 556 shares during the period. Wealthfront Advisers LLC’s holdings in Linde were worth $24,590,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Nuveen LLC bought a new stake in shares of Linde in the first quarter worth $2,097,793,000. Deutsche Bank AG lifted its holdings in Linde by 172.4% in the first quarter. Deutsche Bank AG now owns 2,407,637 shares of the basic materials company’s stock valued at $1,121,092,000 after acquiring an additional 1,523,702 shares during the period. Wellington Management Group LLP boosted its position 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 last quarter. Alecta Tjanstepension Omsesidigt bought a new stake in shares of Linde during the 1st quarter valued at about $233,405,000. Finally, Price T Rowe Associates Inc. MD increased its position in shares of 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 valued at $4,470,284,000 after purchasing an additional 453,108 shares during the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of the company’s 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 completion of the transaction, the director owned 480,543 shares of the company’s stock, valued at $227,479,445.34. This represents a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.70% of the stock is currently owned by company insiders.

Linde Stock Performance

LIN opened at $446.00 on Friday. The company has a 50 day simple moving average of $470.10 and a two-hundred day simple moving average of $464.69. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.93 and a quick ratio of 0.78. The firm has a market cap of $209.13 billion, a P/E ratio of 31.72, a PEG ratio of 2.94 and a beta of 0.93. Linde PLC has a 1-year low of $408.65 and a 1-year high of $486.38.

Linde (NASDAQ:LIN) last announced its quarterly earnings data 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. Linde had a net margin of 20.20% and a return on equity of 19.09%. The firm had revenue of $8.50 billion for the quarter, compared to the consensus estimate of $8.35 billion. During the same period last year, the firm earned $3.85 EPS. The company’s revenue was up 2.3% on a year-over-year basis. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. Equities analysts forecast that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Dividend Announcement

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 $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Thursday, September 4th. Linde’s payout ratio is presently 42.67%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on LIN shares. Citigroup raised their price objective on shares of Linde from $530.00 to $535.00 and gave the stock a “buy” rating in a report on Monday, October 6th. UBS Group dropped their price target on shares of Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. JPMorgan Chase & Co. boosted their price objective on shares of Linde from $470.00 to $475.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Linde in a report on Saturday. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $520.00.

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.