United Asset Strategies Inc. Purchases 260 Shares of Linde PLC $LIN

United Asset Strategies Inc. lifted its holdings in Linde PLC (NASDAQ:LIN) by 33.5% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,037 shares of the basic materials company’s stock after buying an additional 260 shares during the period. United Asset Strategies Inc.’s holdings in Linde were worth $487,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of LIN. eCIO Inc. bought a new position in Linde in the 1st quarter worth approximately $45,000. Clal Insurance Enterprises Holdings Ltd lifted its position in shares of Linde by 445.0% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company’s stock worth $51,000 after acquiring an additional 89 shares in the last quarter. Nova Wealth Management Inc. bought a new position in shares of Linde in the first quarter worth $52,000. Costello Asset Management INC bought a new position in shares of Linde in the first quarter worth $54,000. Finally, Activest Wealth Management grew its position in shares of Linde by 5,800.0% in the first quarter. Activest Wealth Management now owns 118 shares of the basic materials company’s stock valued at $55,000 after purchasing an additional 116 shares in the last quarter. 82.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on LIN shares. Seaport Res Ptn raised shares of Linde from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Royal Bank Of Canada lowered their price objective on Linde from $576.00 to $540.00 and set an “outperform” rating on the stock in a research report on Thursday, November 6th. JPMorgan Chase & Co. dropped their price objective on Linde from $475.00 to $455.00 and set an “overweight” rating for the company in a research note on Monday, November 3rd. Sanford C. Bernstein reissued an “outperform” rating and set a $516.00 price objective on shares of Linde in a report on Monday, November 3rd. Finally, Citigroup decreased their price objective on shares of Linde from $535.00 to $520.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $508.83.

Linde Stock Performance

Shares of LIN opened at $428.96 on Thursday. The business’s 50 day moving average price is $456.07 and its 200-day moving average price is $462.83. The stock has a market cap of $200.30 billion, a P/E ratio of 30.51, a P/E/G ratio of 2.85 and a beta of 0.91. Linde PLC has a 52 week low of $408.65 and a 52 week high of $486.38. 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 released its quarterly earnings data on Friday, October 31st. The basic materials company reported $4.21 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $8.62 billion. During the same period last year, the business earned $3.94 EPS. Linde’s revenue was up 2.9% compared to the same quarter last year. Linde has set its FY 2025 guidance at 16.350-16.450 EPS. Q4 2025 guidance at 4.100-4.200 EPS. Equities research analysts anticipate that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd will be paid a dividend of $1.50 per share. The ex-dividend date is Wednesday, December 3rd. This represents a $6.00 dividend on an annualized basis and a yield of 1.4%. 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.