Linde PLC $LIN Holdings Raised by Signature Estate & Investment Advisors LLC

Signature Estate & Investment Advisors LLC grew its stake in shares of Linde PLC (NASDAQ:LIN) by 8.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 620 shares of the basic materials company’s stock after acquiring an additional 48 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in Linde were worth $291,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Brighton Jones LLC acquired a new position in Linde during the fourth quarter valued at $2,752,000. Revolve Wealth Partners LLC raised its position in Linde by 14.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company’s stock valued at $325,000 after buying an additional 96 shares during the period. GAMMA Investing LLC raised its position in Linde by 25.4% during the first quarter. GAMMA Investing LLC now owns 7,336 shares of the basic materials company’s stock valued at $3,416,000 after buying an additional 1,488 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in Linde by 3.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 21,304 shares of the basic materials company’s stock valued at $9,920,000 after buying an additional 658 shares during the period. Finally, Flagship Harbor Advisors LLC raised its position in Linde by 39.2% during the first quarter. Flagship Harbor Advisors LLC now owns 1,253 shares of the basic materials company’s stock valued at $583,000 after buying an additional 353 shares during the period. 82.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on LIN. UBS Group dropped their price target on Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. JPMorgan Chase & Co. upped their target price on Linde from $470.00 to $475.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Linde in a research report on Wednesday, October 8th. Finally, Citigroup upped their target price on Linde from $530.00 to $535.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Two investment 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.com, the company currently has a consensus rating of “Buy” and an average target price of $520.00.

Linde Trading Up 0.1%

LIN stock opened at $451.56 on Tuesday. The business has a fifty day moving average price of $472.31 and a 200 day moving average price of $464.14. Linde PLC has a fifty-two week low of $408.65 and a fifty-two week high of $486.38. The stock has a market capitalization of $211.74 billion, a price-to-earnings ratio of 32.12, a P/E/G ratio of 2.98 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 earnings results on Friday, August 1st. The basic materials company reported $4.09 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $8.35 billion. During the same period last year, the firm earned $3.85 EPS. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. Analysts expect that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Announces Dividend

The company 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. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Thursday, September 4th. Linde’s payout ratio is 42.67%.

Insider Activity

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