Heirloom Wealth Management Has $13.77 Million Holdings in Linde PLC $LIN

Heirloom Wealth Management raised its stake in Linde PLC (NASDAQ:LIN) by 0.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,345 shares of the basic materials company’s stock after acquiring an additional 86 shares during the quarter. Linde comprises approximately 3.6% of Heirloom Wealth Management’s investment portfolio, making the stock its 12th biggest holding. Heirloom Wealth Management’s holdings in Linde were worth $13,768,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LIN. Brighton Jones LLC acquired a new stake in Linde in the 4th quarter valued at about $2,752,000. Revolve Wealth Partners LLC increased its position in Linde by 14.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company’s stock valued at $325,000 after acquiring an additional 96 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Linde by 25.4% in the 1st quarter. GAMMA Investing LLC now owns 7,336 shares of the basic materials company’s stock valued at $3,416,000 after purchasing an additional 1,488 shares during the last quarter. Pure Financial Advisors LLC acquired a new stake in shares of Linde during the 1st quarter worth approximately $281,000. Finally, Sequoia Financial Advisors LLC grew its position in shares of Linde by 3.5% during the 1st quarter. Sequoia Financial Advisors LLC now owns 12,242 shares of the basic materials company’s stock worth $5,700,000 after buying an additional 413 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Stock Down 0.9%

Linde stock opened at $446.00 on Friday. The company’s 50 day simple moving average is $470.10 and its 200 day simple moving average is $464.69. Linde PLC has a fifty-two week low of $408.65 and a fifty-two week high of $486.38. The firm has a market capitalization of $209.13 billion, a price-to-earnings ratio of 31.72, a PEG ratio of 2.94 and a beta of 0.93. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.93 and a quick ratio of 0.78.

Linde (NASDAQ:LIN) last released its quarterly earnings data on Friday, August 1st. The basic materials company reported $4.09 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $8.35 billion. During the same quarter last year, the firm earned $3.85 EPS. 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 anticipate that Linde PLC will post 16.54 EPS for the current year.

Linde Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were paid a dividend of $1.50 per share. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $6.00 annualized dividend and a yield of 1.3%. Linde’s dividend payout ratio (DPR) is presently 42.67%.

Analyst Ratings Changes

Several equities research analysts have recently commented on LIN shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Linde in a research report on Saturday. Citigroup lifted their price target on shares of Linde from $530.00 to $535.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. UBS Group lowered their price target on shares of Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Linde from $470.00 to $475.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $520.00.

Insiders Place Their Bets

In other Linde news, Director Stephen F. Angel sold 50,309 shares of the firm’s stock in a transaction that occurred 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 sale, the director directly owned 480,543 shares in the company, valued at approximately $227,479,445.34. This trade represents a 9.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.70% of the stock is owned by insiders.

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.