Linde PLC $LIN Shares Sold by San Luis Wealth Advisors LLC

San Luis Wealth Advisors LLC lessened its holdings in shares of Linde PLC (NASDAQ:LIN) by 8.3% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,954 shares of the basic materials company’s stock after selling 178 shares during the quarter. San Luis Wealth Advisors LLC’s holdings in Linde were worth $917,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nuveen LLC bought a new position in shares of Linde in the first quarter worth about $2,097,793,000. Deutsche Bank AG raised its stake in Linde by 172.4% in the 1st quarter. Deutsche Bank AG now owns 2,407,637 shares of the basic materials company’s stock valued at $1,121,092,000 after acquiring an additional 1,523,702 shares during the period. Wellington Management Group LLP raised its position in shares of Linde by 18.6% in the first quarter. Wellington Management Group LLP now owns 7,542,991 shares of the basic materials company’s stock valued at $3,511,751,000 after buying an additional 1,182,157 shares in the last quarter. Alecta Tjanstepension Omsesidigt bought a new position in Linde in the first quarter valued at about $233,405,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Linde by 5.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,600,297 shares of the basic materials company’s stock worth $4,470,284,000 after purchasing an additional 453,108 shares during the period. 82.80% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Linde

In related news, Director Stephen F. Angel sold 50,309 shares of the company’s 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 completion of the sale, the director directly owned 480,543 shares of the company’s stock, valued at approximately $227,479,445.34. This represents a 9.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on LIN shares. Royal Bank Of Canada started coverage on shares of Linde in a research report on Friday, June 13th. They issued an “outperform” rating and a $576.00 price target on the stock. 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. lifted their target price on Linde from $470.00 to $475.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Finally, Citigroup raised Linde from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $500.00 to $535.00 in a research note on Monday, June 30th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Linde currently has an average rating of “Buy” and an average price target of $519.63.

Linde Price Performance

Shares of NASDAQ:LIN opened at $474.41 on Friday. The company’s fifty day moving average price is $474.62 and its 200 day moving average price is $463.89. Linde PLC has a 12 month low of $408.65 and a 12 month high of $487.49. The firm has a market capitalization of $222.46 billion, a P/E ratio of 33.74, a P/E/G ratio of 3.13 and a beta of 0.95. 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 quarterly earnings data on Friday, August 1st. The basic materials company reported $4.09 EPS for the quarter, topping the consensus estimate of $4.03 by $0.06. The business 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 business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.85 EPS. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. As a group, sell-side 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 was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were paid a dividend of $1.50 per share. The ex-dividend date of this dividend 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%.

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.