Olistico Wealth LLC Acquires 220 Shares of Linde PLC $LIN

Olistico Wealth LLC increased its holdings in Linde PLC (NASDAQ:LIN) by 32.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 890 shares of the basic materials company’s stock after acquiring an additional 220 shares during the period. Olistico Wealth LLC’s holdings in Linde were worth $418,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Nuveen LLC bought a new stake in Linde in the first quarter worth about $2,097,793,000. Deutsche Bank AG raised its holdings in shares of Linde by 172.4% in the 1st 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 during the period. Wellington Management Group LLP lifted its stake in 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 purchasing an additional 1,182,157 shares during the last quarter. Alecta Tjanstepension Omsesidigt purchased a new position in Linde in the first quarter valued at approximately $233,405,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in Linde by 5.0% during 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 purchasing an additional 453,108 shares during the period. Institutional investors own 82.80% of the company’s stock.

Insider Buying and Selling

In other Linde news, Director Stephen F. Angel sold 50,309 shares of the firm’s stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $473.38, for a total value of $23,815,274.42. Following the completion of the transaction, the director directly owned 480,543 shares of the company’s stock, valued at $227,479,445.34. This trade represents a 9.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.70% of the stock is currently owned by insiders.

Linde Trading Down 0.6%

NASDAQ:LIN opened at $466.73 on Friday. The company has a market cap of $218.85 billion, a P/E ratio of 33.20, a P/E/G ratio of 3.08 and a beta of 0.93. The stock’s fifty day moving average price is $474.57 and its two-hundred day moving average price is $464.34. Linde PLC has a 1 year low of $408.65 and a 1 year high of $487.49. 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 (NASDAQ:LIN) last announced its quarterly earnings results on Friday, August 1st. The basic materials company reported $4.09 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 firm had revenue of $8.50 billion during the quarter, compared to the consensus estimate of $8.35 billion. During the same period last year, the firm earned $3.85 EPS. 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. As a group, analysts expect that Linde PLC will post 16.54 EPS for the current year.

Linde Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were issued a $1.50 dividend. 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 dividend payout ratio (DPR) is presently 42.67%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on LIN shares. JPMorgan Chase & Co. increased their price objective on Linde from $470.00 to $475.00 and gave the company an “overweight” rating in a report on Monday, August 4th. UBS Group increased their price target on Linde from $485.00 to $504.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 9th. Royal Bank Of Canada assumed coverage on Linde in a research note on Friday, June 13th. They set an “outperform” rating and a $576.00 price target for the company. Citigroup raised shares of Linde from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $500.00 to $535.00 in a report on Monday, June 30th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Linde in a report on Saturday, September 27th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $519.63.

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.