Sax Wealth Advisors LLC Boosts Holdings in Linde PLC $LIN

Sax Wealth Advisors LLC increased its stake in shares of Linde PLC (NASDAQ:LIN) by 4.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,354 shares of the basic materials company’s stock after buying an additional 62 shares during the period. Sax Wealth Advisors LLC’s holdings in Linde were worth $635,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Nuveen LLC purchased a new position in shares of Linde in the first quarter worth about $2,097,793,000. Deutsche Bank AG increased its stake in shares of Linde by 172.4% in the first quarter. Deutsche Bank AG now owns 2,407,637 shares of the basic materials company’s stock worth $1,121,092,000 after purchasing an additional 1,523,702 shares in the last quarter. Wellington Management Group LLP boosted 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 acquiring an additional 1,182,157 shares during the period. Alecta Tjanstepension Omsesidigt bought a new position in shares of Linde in the first quarter valued at approximately $233,405,000. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Linde by 5.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,600,297 shares of the basic materials company’s stock valued at $4,470,284,000 after acquiring an additional 453,108 shares during the period. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. UBS Group cut their price objective on shares of Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a research report on Monday. Royal Bank Of Canada assumed coverage on shares of Linde in a research report on Friday, June 13th. They issued an “outperform” rating and a $576.00 price objective for the company. Weiss Ratings restated a “buy (b)” rating on shares of Linde in a research report on Wednesday. JPMorgan Chase & Co. raised their price objective 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. Finally, Citigroup raised their price objective on shares of Linde from $530.00 to $535.00 and gave the company a “buy” rating in a research report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $520.00.

Insider Activity at Linde

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 transaction of $23,815,274.42. Following the transaction, the director directly owned 480,543 shares of the company’s stock, valued at approximately $227,479,445.34. This trade represents a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.70% of the company’s stock.

Linde Trading Down 0.5%

Shares of Linde stock opened at $467.83 on Thursday. Linde PLC has a 1 year low of $408.65 and a 1 year high of $487.49. The firm has a market cap of $219.37 billion, a PE ratio of 33.27, a PEG ratio of 3.11 and a beta of 0.93. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.93 and a quick ratio of 0.78. The company has a 50 day simple moving average of $474.60 and a two-hundred day simple moving average of $464.52.

Linde (NASDAQ:LIN) last announced its earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.03 by $0.06. Linde had a net margin of 20.20% and a return on equity of 19.09%. The business had revenue of $8.50 billion during the quarter, compared to analyst estimates of $8.35 billion. During the same period in the previous year, the business posted $3.85 earnings per share. Linde’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. Analysts expect that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Dividend Announcement

The firm also recently declared 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 annualized dividend and a dividend yield of 1.3%. Linde’s dividend payout ratio (DPR) is 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.