KFG Wealth Management LLC Takes $210,000 Position in Linde PLC $LIN

KFG Wealth Management LLC acquired a new position in Linde PLC (NASDAQ:LIN) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 448 shares of the basic materials company’s stock, valued at approximately $210,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LIN. Truist Financial Corp raised its holdings in Linde by 75.0% during the first quarter. Truist Financial Corp now owns 193,563 shares of the basic materials company’s stock worth $90,131,000 after purchasing an additional 82,952 shares in the last quarter. Freedom Day Solutions LLC lifted its holdings in Linde by 9.6% in the 1st quarter. Freedom Day Solutions LLC now owns 6,102 shares of the basic materials company’s stock valued at $2,841,000 after acquiring an additional 535 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its position in shares of Linde by 25.9% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 23,558 shares of the basic materials company’s stock valued at $10,970,000 after purchasing an additional 4,839 shares in the last quarter. Hourglass Capital LLC acquired a new position in shares of Linde in the 1st quarter worth approximately $935,000. Finally, Exane Asset Management bought a new stake in shares of Linde in the 1st quarter worth approximately $295,000. Institutional investors own 82.80% of the company’s stock.

Linde Trading Down 0.3%

Shares of NASDAQ LIN opened at $477.76 on Tuesday. The business has a 50 day simple moving average of $473.50 and a 200 day simple moving average of $463.39. Linde PLC has a 52 week low of $408.65 and a 52 week high of $487.49. The stock has a market cap of $224.03 billion, a price-to-earnings ratio of 33.98, a PEG ratio of 3.16 and a beta of 0.95. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.78 and a current ratio of 0.93.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Friday, August 1st. The basic materials company reported $4.09 earnings per share for the quarter, beating the consensus estimate of $4.03 by $0.06. The firm had revenue of $8.50 billion for the quarter, compared to analyst estimates of $8.35 billion. Linde had a net margin of 20.20% and a return on equity of 19.09%. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter last year, the firm earned $3.85 earnings per share. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. On average, research analysts predict that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts recently weighed in on LIN shares. UBS Group raised their target price on shares of Linde from $485.00 to $504.00 and gave the stock a “neutral” rating in a report on Wednesday, July 9th. JPMorgan Chase & Co. raised their price objective on Linde from $470.00 to $475.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Citigroup raised Linde from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $500.00 to $535.00 in a research report on Monday, June 30th. Finally, Royal Bank Of Canada assumed coverage on Linde in a research report on Friday, June 13th. They issued an “outperform” rating and a $576.00 price target for the company. 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 stock. Based on data from MarketBeat, Linde presently has an average rating of “Buy” and a consensus target price of $519.63.

Insider Buying and Selling

In other Linde news, Director Stephen F. Angel sold 50,309 shares of the stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $473.38, for a total transaction 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. This represents a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.70% of the stock is owned by insiders.

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.