RWA Wealth Partners LLC Trims Stock Position in Linde PLC $LIN

RWA Wealth Partners LLC lessened its stake in Linde PLC (NASDAQ:LIN) by 3.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 62,377 shares of the basic materials company’s stock after selling 2,186 shares during the quarter. RWA Wealth Partners LLC’s holdings in Linde were worth $29,266,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of LIN. Summit Investment Advisors Inc. grew its stake in shares of Linde by 1.4% during the 1st quarter. Summit Investment Advisors Inc. now owns 20,184 shares of the basic materials company’s stock worth $9,398,000 after purchasing an additional 277 shares during the period. AE Wealth Management LLC grew its position in Linde by 26.8% during the second quarter. AE Wealth Management LLC now owns 14,568 shares of the basic materials company’s stock valued at $6,836,000 after buying an additional 3,083 shares during the period. Wedbush Securities Inc. grew its position in Linde by 13.6% during the second quarter. Wedbush Securities Inc. now owns 4,400 shares of the basic materials company’s stock valued at $2,064,000 after buying an additional 527 shares during the period. Vestmark Advisory Solutions Inc. increased its holdings in Linde by 29.3% in the second quarter. Vestmark Advisory Solutions Inc. now owns 1,784 shares of the basic materials company’s stock valued at $837,000 after buying an additional 404 shares in the last quarter. Finally, Walkner Condon Financial Advisors LLC acquired a new position in shares of Linde in the second quarter worth about $208,000. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on LIN. Weiss Ratings restated a “buy (b)” rating on shares of Linde in a research note on Wednesday, October 8th. UBS Group reduced their target price on Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Citigroup decreased their target price on Linde from $535.00 to $520.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Sanford C. Bernstein reissued an “outperform” rating and issued a $516.00 price target on shares of Linde in a report on Monday. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Linde from $475.00 to $455.00 and set an “overweight” rating on the stock in a report on Monday, November 3rd. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $508.83.

Linde Trading Up 1.2%

Shares of LIN stock opened at $420.51 on Friday. Linde PLC has a fifty-two week low of $408.65 and a fifty-two week high of $486.38. 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 stock’s fifty day moving average is $459.02 and its two-hundred day moving average is $463.26. The firm has a market capitalization of $196.36 billion, a P/E ratio of 29.91, a PEG ratio of 2.85 and a beta of 0.91.

Linde (NASDAQ:LIN) last posted its quarterly earnings results on Friday, October 31st. The basic materials company reported $4.21 earnings per share for the quarter, topping the consensus estimate of $4.18 by $0.03. The firm had revenue of $8.62 billion for the quarter, compared to the consensus estimate of $8.62 billion. Linde had a net margin of 20.20% and a return on equity of 19.09%. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period last year, the firm posted $3.94 earnings per share. Linde has set its FY 2025 guidance at 16.350-16.450 EPS. Q4 2025 guidance at 4.100-4.200 EPS. Research analysts expect that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be given a $1.50 dividend. The ex-dividend date is Wednesday, December 3rd. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.4%. Linde’s dividend payout ratio is 40.19%.

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.