Beverly Hills Private Wealth LLC Sells 271 Shares of Linde PLC $LIN

Beverly Hills Private Wealth LLC lowered its stake in shares of Linde PLC (NASDAQ:LIN) by 5.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,030 shares of the basic materials company’s stock after selling 271 shares during the period. Beverly Hills Private Wealth LLC’s holdings in Linde were worth $2,360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. Calamos Wealth Management LLC increased its position in Linde by 3.8% in the second quarter. Calamos Wealth Management LLC now owns 36,121 shares of the basic materials company’s stock worth $16,947,000 after purchasing an additional 1,315 shares during the last quarter. Chicago Partners Investment Group LLC increased its position in Linde by 2.7% in the second quarter. Chicago Partners Investment Group LLC now owns 4,121 shares of the basic materials company’s stock worth $1,937,000 after purchasing an additional 108 shares during the last quarter. BKM Wealth Management LLC increased its position in Linde by 0.6% in the second quarter. BKM Wealth Management LLC now owns 5,163 shares of the basic materials company’s stock worth $2,422,000 after purchasing an additional 33 shares during the last quarter. Violich Capital Management Inc. bought a new stake in Linde in the second quarter worth $664,000. Finally, Wealthstream Advisors Inc. bought a new stake in Linde in the second quarter worth $214,000. Institutional investors own 82.80% of the company’s stock.

Insider Activity 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 shares were sold at an average price of $473.38, for a total value of $23,815,274.42. Following the transaction, the director directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on LIN. Weiss Ratings restated a “buy (b)” rating on shares of Linde in a research report on Wednesday, October 8th. UBS Group dropped their price objective on shares of Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Citigroup lifted 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, October 6th. Finally, JPMorgan Chase & Co. lifted 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. Two research 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. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $520.00.

Linde Trading Up 1.5%

NASDAQ LIN opened at $450.89 on Monday. The company’s 50-day moving average price is $472.69 and its 200-day moving average price is $464.05. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 0.49. The stock has a market cap of $211.43 billion, a PE ratio of 32.07, a PEG ratio of 2.98 and a beta of 0.93. Linde PLC has a 12 month low of $408.65 and a 12 month high of $487.27.

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

Linde Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were issued a $1.50 dividend. 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 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.