Sequoia Financial Advisors LLC Buys 2,596 Shares of Linde PLC $LIN

Sequoia Financial Advisors LLC boosted its stake in Linde PLC (NASDAQ:LIN) by 21.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,838 shares of the basic materials company’s stock after purchasing an additional 2,596 shares during the period. Sequoia Financial Advisors LLC’s holdings in Linde were worth $6,962,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. North Capital Inc. bought a new position in shares of Linde during the first quarter valued at $25,000. Abound Financial LLC bought a new position in shares of Linde during the first quarter valued at $41,000. eCIO Inc. bought a new position in shares of Linde during the first quarter valued at $45,000. Clal Insurance Enterprises Holdings Ltd raised its stake in shares of 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 acquiring an additional 89 shares during the last quarter. Finally, Nova Wealth Management Inc. bought a new position in shares of Linde during the first quarter valued at $52,000. Institutional investors own 82.80% of the company’s stock.

Insider Buying and Selling

In related news, Director Stephen F. Angel sold 50,309 shares of the business’s stock in a transaction dated 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 completion of the sale, the director directly owned 480,543 shares of the company’s stock, valued at $227,479,445.34. The trade was a 9.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Linde from $470.00 to $475.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Citigroup increased their price objective on shares of Linde from $530.00 to $535.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. UBS Group decreased 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, October 6th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Linde in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Linde presently has an average rating of “Buy” and an average target price of $520.00.

Linde Price Performance

Shares of NASDAQ LIN opened at $456.64 on Tuesday. The firm’s 50-day moving average price is $474.23 and its 200-day moving average price is $464.49. Linde PLC has a 1-year low of $408.65 and a 1-year high of $487.49. The firm has a market capitalization of $214.12 billion, a P/E ratio of 32.48, a P/E/G ratio of 3.00 and a beta of 0.93. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 0.49.

Linde (NASDAQ:LIN) last announced 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. Linde had a net margin of 20.20% and a return on equity of 19.09%. The firm had revenue of $8.50 billion for the quarter, compared to analyst estimates of $8.35 billion. During the same quarter in the prior year, the business earned $3.85 earnings per share. The business’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. Equities research analysts anticipate that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis 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%.

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.