Valeo Financial Advisors LLC Acquires 214 Shares of Linde PLC $LIN

Valeo Financial Advisors LLC grew its holdings in Linde PLC (NASDAQ:LIN) by 5.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,365 shares of the basic materials company’s stock after acquiring an additional 214 shares during the period. Valeo Financial Advisors LLC’s holdings in Linde were worth $2,048,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in LIN. Price T Rowe Associates Inc. MD increased its stake in shares of Linde by 5.0% in the first 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 purchasing an additional 453,108 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of 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 in the last quarter. Nuveen LLC purchased a new stake in shares of Linde in the first quarter worth $2,097,793,000. Invesco Ltd. increased its stake in shares of Linde by 1.1% in the first quarter. Invesco Ltd. now owns 3,859,539 shares of the basic materials company’s stock worth $1,797,156,000 after purchasing an additional 40,931 shares in the last quarter. Finally, WCM Investment Management LLC increased its stake in shares of Linde by 0.3% in the first quarter. WCM Investment Management LLC now owns 3,339,761 shares of the basic materials company’s stock worth $1,533,318,000 after purchasing an additional 9,870 shares in the last quarter. 82.80% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Linde news, Director Stephen F. Angel sold 50,309 shares of the stock in a transaction 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 transaction, the director owned 480,543 shares in the company, valued at $227,479,445.34. This trade represents a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.70% of the stock is owned by company insiders.

Linde Stock Performance

LIN opened at $468.55 on Tuesday. The stock has a market capitalization of $219.71 billion, a price-to-earnings ratio of 33.33, a PEG ratio of 3.08 and a beta of 0.93. The company has a fifty day moving average of $474.59 and a 200 day moving average of $464.46. Linde PLC has a fifty-two week low of $408.65 and a fifty-two week high of $487.49. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.78 and a current ratio of 0.93.

Linde (NASDAQ:LIN) last released 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 business had revenue of $8.50 billion during the quarter, compared to analyst estimates of $8.35 billion. During the same quarter last year, the business earned $3.85 earnings per share. Linde’s quarterly revenue was up 2.3% compared to the same quarter last year. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. As a group, sell-side 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. 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 annualized dividend and a yield of 1.3%. Linde’s dividend payout ratio (DPR) is 42.67%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on LIN shares. JPMorgan Chase & Co. increased their price objective on shares of Linde from $470.00 to $475.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Weiss Ratings reissued a “buy (b)” rating on shares of Linde in a research note on Saturday, September 27th. Royal Bank Of Canada started coverage on shares of Linde in a research note on Friday, June 13th. They issued an “outperform” rating and a $576.00 price objective for the company. Citigroup increased their price objective on shares of Linde from $530.00 to $535.00 and gave the stock a “buy” rating in a research note on Monday. Finally, UBS Group cut their target price on shares of Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a research note on Monday. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Linde has a consensus rating of “Buy” and a consensus price target of $520.00.

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.