AAFMAA Wealth Management & Trust LLC Sells 582 Shares of Linde PLC $LIN

AAFMAA Wealth Management & Trust LLC reduced its position in shares of Linde PLC (NASDAQ:LIN) by 13.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 3,671 shares of the basic materials company’s stock after selling 582 shares during the quarter. AAFMAA Wealth Management & Trust LLC’s holdings in Linde were worth $1,722,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of LIN. Breakwater Capital Group lifted its stake in shares of Linde by 2.3% in the 2nd quarter. Breakwater Capital Group now owns 980 shares of the basic materials company’s stock valued at $460,000 after purchasing an additional 22 shares during the period. Strategy Asset Managers LLC boosted its holdings in Linde by 2.8% during the first quarter. Strategy Asset Managers LLC now owns 834 shares of the basic materials company’s stock worth $388,000 after buying an additional 23 shares during the last quarter. Diversify Advisory Services LLC grew its position in shares of Linde by 2.5% during the 1st quarter. Diversify Advisory Services LLC now owns 999 shares of the basic materials company’s stock worth $450,000 after buying an additional 24 shares during the period. IFP Advisors Inc increased its stake in shares of Linde by 0.8% in the 1st quarter. IFP Advisors Inc now owns 3,207 shares of the basic materials company’s stock valued at $1,493,000 after acquiring an additional 24 shares during the last quarter. Finally, Richards Merrill & Peterson Inc. raised its position in shares of Linde by 3.0% in the 1st quarter. Richards Merrill & Peterson Inc. now owns 816 shares of the basic materials company’s stock valued at $380,000 after acquiring an additional 24 shares during the period. Institutional investors own 82.80% of the company’s stock.

Analyst Upgrades and Downgrades

LIN has been the subject of a number of research analyst reports. Royal Bank Of Canada started coverage on Linde in a research note on Friday, June 13th. They issued an “outperform” rating and a $576.00 target price for the company. UBS Group boosted their price objective on Linde from $485.00 to $504.00 and gave the company a “neutral” rating in a research report on Wednesday, July 9th. 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. Finally, Citigroup raised shares of Linde from a “neutral” rating to a “buy” rating and lifted their price target for the company from $500.00 to $535.00 in a research note on Monday, June 30th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $519.63.

Linde Stock Performance

Shares of LIN stock opened at $473.78 on Friday. Linde PLC has a 12 month low of $408.65 and a 12 month high of $487.49. The company’s fifty day simple moving average is $474.43 and its 200-day simple moving average is $463.66. The firm has a market cap of $222.16 billion, a PE ratio of 33.70, a P/E/G ratio of 3.13 and a beta of 0.95. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 0.49.

Linde (NASDAQ:LIN) last issued its quarterly earnings results on Friday, August 1st. The basic materials company reported $4.09 EPS for the quarter, topping the consensus estimate 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 company’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm posted $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 research analysts expect that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Dividend Announcement

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

Insider Activity at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of the stock in a transaction that occurred on 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 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.70% of the company’s stock.

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.