Linde PLC $LIN Shares Sold by Fortitude Advisory Group L.L.C.

Fortitude Advisory Group L.L.C. lowered its position in Linde PLC (NASDAQ:LIN) by 4.6% in the second quarter, Holdings Channel.com reports. The firm owned 804 shares of the basic materials company’s stock after selling 39 shares during the quarter. Fortitude Advisory Group L.L.C.’s holdings in Linde were worth $377,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Marietta Wealth Management LLC lifted its position in Linde by 2.5% in the second quarter. Marietta Wealth Management LLC now owns 23,399 shares of the basic materials company’s stock valued at $10,978,000 after purchasing an additional 560 shares during the period. Simplicity Wealth LLC lifted its position in Linde by 48.4% in the second quarter. Simplicity Wealth LLC now owns 3,937 shares of the basic materials company’s stock valued at $1,847,000 after purchasing an additional 1,284 shares during the period. Brown Miller Wealth Management LLC lifted its position in Linde by 0.7% in the second quarter. Brown Miller Wealth Management LLC now owns 9,226 shares of the basic materials company’s stock valued at $4,329,000 after purchasing an additional 64 shares during the period. Olistico Wealth LLC lifted its position in Linde by 32.8% in the second quarter. Olistico Wealth LLC now owns 890 shares of the basic materials company’s stock valued at $418,000 after purchasing an additional 220 shares during the period. Finally, Wealthcare Advisory Partners LLC lifted its position in Linde by 7.3% in the second quarter. Wealthcare Advisory Partners LLC now owns 2,369 shares of the basic materials company’s stock valued at $1,111,000 after purchasing an additional 161 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on LIN shares. UBS Group raised their price objective on shares of Linde from $485.00 to $504.00 and gave the company a “neutral” rating in a research report on Wednesday, July 9th. Royal Bank Of Canada assumed coverage on shares of Linde in a research report on Friday, June 13th. They set an “outperform” rating and a $576.00 price target for the company. JPMorgan Chase & Co. lifted their price target on shares of Linde from $470.00 to $475.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Weiss Ratings reiterated a “buy (b)” rating on shares of Linde in a research report on Saturday, September 27th. Finally, Citigroup upgraded shares of Linde from a “neutral” rating to a “buy” rating and lifted their price target for the company from $500.00 to $535.00 in a research report on Monday, June 30th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $519.63.

Linde Trading Down 0.6%

Shares of Linde stock opened at $466.73 on Friday. 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 PLC has a 1 year low of $408.65 and a 1 year high of $487.49. The company has a market capitalization of $218.85 billion, a P/E ratio of 33.20, a P/E/G ratio of 3.08 and a beta of 0.93. The business has a 50 day moving average price of $474.57 and a 200 day moving average price of $464.34.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Friday, August 1st. The basic materials company reported $4.09 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $8.50 billion during the quarter, compared to the consensus estimate of $8.35 billion. During the same period in the previous year, the firm posted $3.85 EPS. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. Sell-side analysts anticipate that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were paid a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, September 4th. Linde’s payout ratio is presently 42.67%.

Insider Buying and Selling

In other Linde news, Director Stephen F. Angel sold 50,309 shares of Linde stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $473.38, for a total value 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. The trade was a 9.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.