Linde PLC $LIN Shares Sold by PBMares Wealth Management LLC

PBMares Wealth Management LLC lowered its position in shares of Linde PLC (NASDAQ:LIN) by 5.6% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 442 shares of the basic materials company’s stock after selling 26 shares during the quarter. PBMares Wealth Management LLC’s holdings in Linde were worth $207,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. North Capital Inc. acquired a new stake in Linde during the 1st quarter worth about $25,000. Abound Financial LLC acquired a new stake in Linde during the 1st quarter worth about $41,000. eCIO Inc. acquired a new stake in Linde during the 1st quarter worth about $45,000. Clal Insurance Enterprises Holdings Ltd lifted its position in Linde by 445.0% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company’s stock worth $51,000 after acquiring an additional 89 shares during the period. Finally, Nova Wealth Management Inc. acquired a new stake in Linde during the 1st quarter worth about $52,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Wall Street Analysts Forecast Growth

LIN has been the subject of a number of research reports. Citigroup raised 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 report on Monday, June 30th. JPMorgan Chase & Co. lifted their price objective on Linde from $470.00 to $475.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. UBS Group lifted their price objective on Linde from $485.00 to $504.00 and gave the company a “neutral” rating in a research note on Wednesday, July 9th. Finally, Royal Bank Of Canada assumed coverage on Linde in a research note on Friday, June 13th. They set an “outperform” rating and a $576.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $519.63.

Linde Stock Performance

NASDAQ LIN opened at $475.00 on Wednesday. The stock has a market capitalization of $222.73 billion, a price-to-earnings ratio of 33.78, a PEG ratio of 3.15 and a beta of 0.95. The stock has a 50-day moving average of $474.80 and a 200 day moving average of $464.19. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 0.49. Linde PLC has a twelve month low of $408.65 and a twelve month high of $487.49.

Linde (NASDAQ:LIN) last issued its quarterly earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.03 by $0.06. The company had revenue of $8.50 billion for the quarter, compared to the consensus estimate of $8.35 billion. Linde had a return on equity of 19.09% and a net margin of 20.20%.Linde’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.85 earnings per share. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. Sell-side analysts anticipate that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were given 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 yield of 1.3%. Linde’s dividend payout ratio is currently 42.67%.

Insider Transactions at Linde

In other Linde 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 transaction of $23,815,274.42. Following the transaction, the director owned 480,543 shares in the company, valued at approximately $227,479,445.34. This represents a 9.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.70% of the company’s stock.

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.