BKM Wealth Management LLC Raises Position in Linde PLC $LIN

BKM Wealth Management LLC raised its stake in shares of Linde PLC (NASDAQ:LIN) by 0.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,163 shares of the basic materials company’s stock after purchasing an additional 33 shares during the period. Linde accounts for about 0.9% of BKM Wealth Management LLC’s portfolio, making the stock its 28th biggest position. BKM Wealth Management LLC’s holdings in Linde were worth $2,422,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. North Capital Inc. purchased a new stake in Linde during the first quarter valued at approximately $25,000. Abound Financial LLC purchased a new stake in Linde during the first quarter valued at approximately $41,000. eCIO Inc. purchased a new stake in Linde during the first quarter valued at approximately $45,000. Clal Insurance Enterprises Holdings Ltd raised its holdings in shares of Linde by 445.0% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company’s stock worth $51,000 after buying an additional 89 shares during the period. Finally, Nova Wealth Management Inc. purchased a new stake in shares of Linde in the first quarter worth approximately $52,000. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Linde Stock Up 1.5%

Shares of NASDAQ:LIN opened at $450.89 on Friday. Linde PLC has a 52-week low of $408.65 and a 52-week high of $487.27. The stock has a market cap of $211.43 billion, a P/E ratio of 32.07, a price-to-earnings-growth ratio of 2.98 and a beta of 0.93. The business’s 50 day moving average is $472.69 and its 200 day moving average is $464.07. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 0.49.

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, topping the consensus estimate of $4.03 by $0.06. Linde had a return on equity of 19.09% and a net margin of 20.20%.The company had revenue of $8.50 billion for the quarter, compared to analysts’ expectations of $8.35 billion. During the same quarter in the prior year, the firm earned $3.85 earnings per share. Linde’s 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. Sell-side analysts predict that Linde PLC will post 16.54 EPS for the current year.

Linde Announces Dividend

The business also recently announced 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. This represents a $6.00 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, September 4th. Linde’s dividend payout ratio (DPR) is 42.67%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their price target on Linde from $470.00 to $475.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Weiss Ratings reiterated a “buy (b)” rating on shares of Linde in a report on Wednesday, October 8th. UBS Group reduced their price target on Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. Finally, Citigroup increased their price target on Linde from $530.00 to $535.00 and gave the stock a “buy” rating in a report on Monday, October 6th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $520.00.

Insider Transactions at Linde

In other Linde news, Director Stephen F. Angel sold 50,309 shares of the stock in a transaction 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 sale, the director owned 480,543 shares of the company’s stock, valued at approximately $227,479,445.34. This trade represents a 9.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company 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.