Baker Tilly Wealth Management LLC Has $1.03 Million Stock Holdings in Linde PLC $LIN

Baker Tilly Wealth Management LLC cut its stake in Linde PLC (NASDAQ:LIN) by 20.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,205 shares of the basic materials company’s stock after selling 567 shares during the period. Baker Tilly Wealth Management LLC’s holdings in Linde were worth $1,034,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LIN. North Capital Inc. acquired a new position in Linde in the 1st quarter valued at $25,000. Putney Financial Group LLC acquired a new position in Linde in the 4th quarter valued at $31,000. Capital A Wealth Management LLC acquired a new position in Linde in the 4th quarter valued at $37,000. Abound Financial LLC bought a new position in shares of Linde in the 1st quarter valued at $41,000. Finally, Vermillion Wealth Management Inc. bought a new position in shares of Linde in the 4th quarter valued at $42,000. 82.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. lifted their price target 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 target on Linde from $485.00 to $504.00 and gave the company a “neutral” rating in a research note on Wednesday, July 9th. Royal Bank Of Canada assumed coverage on Linde in a research note on Friday, June 13th. They issued an “outperform” rating and a $576.00 price target on the stock. Finally, Citigroup upgraded 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 equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Linde has a consensus rating of “Buy” and a consensus price target of $519.63.

Linde Stock Up 1.8%

Shares of NASDAQ:LIN opened at $479.86 on Thursday. The company has a market capitalization of $225.01 billion, a price-to-earnings ratio of 34.13, a P/E/G ratio of 3.11 and a beta of 0.95. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.93 and a quick ratio of 0.78. The business’s 50-day moving average is $473.01 and its 200-day moving average is $463.17. Linde PLC has a 1 year low of $408.65 and a 1 year high of $487.49.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Friday, August 1st. The basic materials company reported $4.09 earnings per share (EPS) for the quarter, beating 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%.The firm’s revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the business earned $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 predict that Linde PLC will post 16.54 earnings per share for the current year.

Linde Announces Dividend

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

Insider Activity

In other news, Director Stephen F. Angel sold 50,309 shares of the business’s stock in a transaction dated 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 transaction, the director directly owned 480,543 shares of the company’s stock, valued at $227,479,445.34. The trade was a 9.48% decrease in their position. The sale 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 corporate insiders.

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.