Global Wealth Strategies & Associates Decreases Stake in Linde PLC $LIN

Global Wealth Strategies & Associates lowered its position in Linde PLC (NASDAQ:LIN) by 13.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 156 shares of the basic materials company’s stock after selling 25 shares during the quarter. Global Wealth Strategies & Associates’ holdings in Linde were worth $73,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Linde by 12.7% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 9,109 shares of the basic materials company’s stock worth $4,274,000 after buying an additional 1,028 shares during the last quarter. Garde Capital Inc. lifted its position in shares of Linde by 69.0% during the 2nd quarter. Garde Capital Inc. now owns 196 shares of the basic materials company’s stock worth $92,000 after buying an additional 80 shares during the last quarter. HBW Advisory Services LLC acquired a new position in shares of Linde in the 2nd quarter valued at $1,393,000. Central Pacific Bank Trust Division increased its holdings in shares of Linde by 310.7% in the 2nd quarter. Central Pacific Bank Trust Division now owns 994 shares of the basic materials company’s stock valued at $466,000 after acquiring an additional 752 shares during the period. Finally, Swedbank AB increased its holdings in shares of Linde by 11.3% in the 1st quarter. Swedbank AB now owns 915,320 shares of the basic materials company’s stock valued at $426,210,000 after acquiring an additional 92,762 shares during the period. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on LIN shares. JPMorgan Chase & Co. lifted their target price on shares of Linde from $470.00 to $475.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Royal Bank Of Canada assumed coverage on shares of Linde in a research report on Friday, June 13th. They issued an “outperform” rating and a $576.00 price objective on the stock. UBS Group boosted their price objective on shares of Linde from $485.00 to $504.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 9th. Finally, Citigroup upgraded shares of Linde from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $500.00 to $535.00 in a research report on Monday, June 30th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $519.63.

Insider Buying and Selling at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of the stock in a transaction dated 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 directly owned 480,543 shares in the company, valued at $227,479,445.34. This represents a 9.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.70% of the stock is currently owned by insiders.

Linde Price Performance

NASDAQ:LIN opened at $482.04 on Friday. The firm has a market cap of $226.03 billion, a price-to-earnings ratio of 34.28, a price-to-earnings-growth ratio of 3.19 and a beta of 0.95. 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 company’s 50-day moving average is $472.66 and its two-hundred day moving average is $462.91. Linde PLC has a 12-month low of $408.65 and a 12-month high of $487.49.

Linde (NASDAQ:LIN) last released its earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.03 by $0.06. The company had revenue of $8.50 billion for 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 firm’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $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. Research analysts expect that Linde PLC will post 16.54 EPS for the current year.

Linde Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Thursday, September 4th. Linde’s dividend 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.