Resonant Capital Advisors LLC Has $1.64 Million Holdings in Linde PLC $LIN

Resonant Capital Advisors LLC lifted its stake in shares of Linde PLC (NASDAQ:LIN) by 9.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,486 shares of the basic materials company’s stock after buying an additional 313 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Linde were worth $1,636,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC bought a new stake in Linde in the fourth quarter valued at $2,752,000. Revolve Wealth Partners LLC boosted its position in shares of Linde by 14.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company’s stock worth $325,000 after purchasing an additional 96 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Linde by 25.4% in the 1st quarter. GAMMA Investing LLC now owns 7,336 shares of the basic materials company’s stock valued at $3,416,000 after buying an additional 1,488 shares during the period. Pure Financial Advisors LLC bought a new stake in Linde in the 1st quarter valued at about $281,000. Finally, Sequoia Financial Advisors LLC raised its stake in Linde by 3.5% during the 1st quarter. Sequoia Financial Advisors LLC now owns 12,242 shares of the basic materials company’s stock worth $5,700,000 after buying an additional 413 shares during the period. Institutional investors own 82.80% of the company’s stock.

Linde Trading Down 0.9%

NASDAQ LIN opened at $446.00 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 0.49. The business has a fifty day simple moving average of $470.10 and a 200 day simple moving average of $464.69. Linde PLC has a 12 month low of $408.65 and a 12 month high of $486.38. The firm has a market capitalization of $209.13 billion, a P/E ratio of 31.72, a PEG ratio of 2.94 and a beta of 0.93.

Linde (NASDAQ:LIN) last posted its earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.03 by $0.06. The firm had revenue of $8.50 billion during the quarter, compared to analyst estimates of $8.35 billion. Linde had a net margin of 20.20% and a return on equity of 19.09%. The business’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.85 EPS. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. On average, analysts predict that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Shareholders 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 dividend payout ratio is presently 42.67%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Citigroup raised their price objective on Linde from $530.00 to $535.00 and gave the company a “buy” rating in a research note on Monday, October 6th. UBS Group decreased their price target on shares of Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Weiss Ratings restated a “buy (b)” rating on shares of Linde in a report on Saturday. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Linde from $470.00 to $475.00 and gave the company an “overweight” rating in a report on Monday, August 4th. 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 company. According to MarketBeat, Linde presently has an average rating of “Buy” and a consensus price target of $520.00.

Insider Buying and Selling

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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.70% of the company’s stock.

About Linde

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.