Wealthstream Advisors Inc. Makes New Investment in Linde PLC $LIN

Wealthstream Advisors Inc. bought a new position in Linde PLC (NASDAQ:LIN) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 457 shares of the basic materials company’s stock, valued at approximately $214,000.

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 shares of Linde in the first quarter worth $41,000. eCIO Inc. bought a new stake in shares of Linde in the first quarter worth $45,000. Clal Insurance Enterprises Holdings Ltd grew its holdings in shares of Linde by 445.0% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company’s stock worth $51,000 after acquiring an additional 89 shares during the period. Finally, Nova Wealth Management Inc. bought a new stake in shares of Linde in the first quarter worth $52,000. Institutional investors own 82.80% of the company’s stock.

Insider Activity at Linde

In other 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 transaction, the director directly owned 480,543 shares in the company, valued at $227,479,445.34. The trade was a 9.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

LIN has been the subject of several research analyst reports. Citigroup lifted their price objective on Linde from $530.00 to $535.00 and gave the stock a “buy” rating in a report on Monday, October 6th. JPMorgan Chase & Co. lifted their price objective on Linde from $470.00 to $475.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. UBS Group lowered 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, October 6th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Linde in a research report on Wednesday, October 8th. Two investment 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $520.00.

Linde Price Performance

NASDAQ LIN opened at $450.89 on Friday. The company has a market capitalization of $211.43 billion, a PE ratio of 32.07, a price-to-earnings-growth ratio of 2.98 and a beta of 0.93. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.78 and a current ratio of 0.93. The business’s fifty day moving average is $472.69 and its 200 day moving average is $464.07. Linde PLC has a fifty-two week low of $408.65 and a fifty-two week high of $487.27.

Linde (NASDAQ:LIN) last released its earnings results 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 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 the consensus estimate of $8.35 billion. During the same period in the previous year, the business earned $3.85 earnings per share. Linde’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 predict that Linde PLC will post 16.54 earnings per share for the current year.

Linde Announces Dividend

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

Linde 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.