Belpointe Asset Management LLC Sells 141 Shares of Linde PLC $LIN

Belpointe Asset Management LLC lowered its position in Linde PLC (NASDAQ:LINFree Report) by 6.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,081 shares of the basic materials company’s stock after selling 141 shares during the period. Belpointe Asset Management LLC’s holdings in Linde were worth $976,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of LIN. North Capital Inc. bought a new stake in shares of Linde in the first quarter worth $25,000. Abound Financial LLC bought a new stake in Linde during the first quarter valued at about $41,000. eCIO Inc. bought a new stake in Linde during the first quarter valued at about $45,000. Clal Insurance Enterprises Holdings Ltd grew its holdings in Linde by 445.0% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company’s stock valued at $51,000 after purchasing an additional 89 shares during the period. Finally, Nova Wealth Management Inc. bought a new stake in Linde during the first quarter valued at about $52,000. Institutional investors own 82.80% of the company’s stock.

Linde Trading Up 0.4%

Shares of NASDAQ LIN opened at $470.37 on Wednesday. The business’s 50 day moving average is $474.57 and its two-hundred day moving average is $464.50. 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 stock has a market capitalization of $220.56 billion, a P/E ratio of 33.45, a PEG ratio of 3.09 and a beta of 0.93.

Linde (NASDAQ:LINGet Free Report) last issued its quarterly earnings data on Friday, August 1st. The basic materials company reported $4.09 earnings per share 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 company had revenue of $8.50 billion for the quarter, compared to analysts’ expectations of $8.35 billion. During the same period in the previous year, the firm posted $3.85 earnings per share. The firm’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. As a group, research analysts expect that Linde PLC will post 16.54 EPS for the current year.

Linde Dividend Announcement

The business 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. 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%.

Insiders Place Their Bets

In other news, Director Stephen F. Angel sold 50,309 shares of the stock in a transaction that occurred on 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 directly owned 480,543 shares in the company, valued at approximately $227,479,445.34. This represents a 9.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

LIN has been the subject of several recent research reports. Royal Bank Of Canada started coverage on Linde in a report on Friday, June 13th. They set an “outperform” rating and a $576.00 price target for the company. JPMorgan Chase & Co. boosted 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 reiterated a “buy (b)” rating on shares of Linde in a research report on Saturday, September 27th. UBS Group decreased their target price on Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a research report on Monday. Finally, Citigroup boosted their target price on Linde from $530.00 to $535.00 and gave the stock a “buy” rating in a research report on Monday. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $520.00.

View Our Latest Analysis on Linde

Linde Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Linde (NASDAQ:LIN)

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