Journey Strategic Wealth LLC Boosts Stake in Linde PLC $LIN

Journey Strategic Wealth LLC increased its position in shares of Linde PLC (NASDAQ:LIN) by 110.6% during the second quarter, HoldingsChannel reports. The institutional investor owned 4,783 shares of the basic materials company’s stock after buying an additional 2,512 shares during the quarter. Journey Strategic Wealth LLC’s holdings in Linde were worth $2,244,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. eCIO Inc. acquired a new position in shares of Linde in the 1st quarter valued at $45,000. Clal Insurance Enterprises Holdings Ltd grew its position in Linde by 445.0% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company’s stock worth $51,000 after purchasing an additional 89 shares during the last quarter. Nova Wealth Management Inc. acquired a new position in Linde in the first quarter valued at $52,000. Costello Asset Management INC purchased a new stake in shares of Linde in the first quarter valued at about $54,000. Finally, Activest Wealth Management grew its holdings in shares of Linde by 5,800.0% during the first quarter. Activest Wealth Management now owns 118 shares of the basic materials company’s stock worth $55,000 after buying an additional 116 shares during the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Royal Bank Of Canada reduced their price objective on Linde from $576.00 to $540.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. UBS Group cut their price target on Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Seaport Res Ptn upgraded shares of Linde from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. JPMorgan Chase & Co. dropped their price objective on shares of Linde from $475.00 to $455.00 and set an “overweight” rating on the stock in a research note on Monday, November 3rd. Finally, Citigroup lowered their target price on shares of Linde from $535.00 to $520.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Linde has a consensus rating of “Buy” and a consensus price target of $508.83.

Linde Price Performance

Linde stock opened at $408.51 on Friday. Linde PLC has a one year low of $408.21 and a one year high of $486.38. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.78 and a current ratio of 0.93. The business has a fifty day moving average of $449.27 and a two-hundred day moving average of $461.37. The company has a market cap of $190.75 billion, a P/E ratio of 29.05, a price-to-earnings-growth ratio of 2.85 and a beta of 0.91.

Linde (NASDAQ:LIN) last posted its quarterly earnings results on Friday, October 31st. The basic materials company reported $4.21 earnings per share for the quarter, topping analysts’ consensus estimates of $4.18 by $0.03. Linde had a net margin of 20.20% and a return on equity of 19.09%. The business had revenue of $8.62 billion for the quarter, compared to analysts’ expectations of $8.62 billion. During the same period in the prior year, the company posted $3.94 EPS. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. Linde has set its FY 2025 guidance at 16.350-16.450 EPS. Q4 2025 guidance at 4.100-4.200 EPS. As a group, analysts predict that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd will be issued a dividend of $1.50 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $6.00 annualized dividend and a yield of 1.5%. Linde’s payout ratio is currently 40.19%.

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.