Segment Wealth Management LLC Has $14.62 Million Position in Linde PLC $LIN

Segment Wealth Management LLC raised its stake in Linde PLC (NASDAQ:LIN) by 0.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,154 shares of the basic materials company’s stock after purchasing an additional 150 shares during the period. Segment Wealth Management LLC’s holdings in Linde were worth $14,617,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of LIN. Breakwater Capital Group grew its stake in shares of Linde by 2.3% in the second quarter. Breakwater Capital Group now owns 980 shares of the basic materials company’s stock valued at $460,000 after acquiring an additional 22 shares in the last quarter. Strategy Asset Managers LLC grew its stake in shares of Linde by 2.8% in the first quarter. Strategy Asset Managers LLC now owns 834 shares of the basic materials company’s stock valued at $388,000 after acquiring an additional 23 shares in the last quarter. Diversify Advisory Services LLC grew its stake in shares of Linde by 2.5% in the first quarter. Diversify Advisory Services LLC now owns 999 shares of the basic materials company’s stock valued at $450,000 after acquiring an additional 24 shares in the last quarter. IFP Advisors Inc grew its stake in shares of Linde by 0.8% in the first quarter. IFP Advisors Inc now owns 3,207 shares of the basic materials company’s stock valued at $1,493,000 after acquiring an additional 24 shares in the last quarter. Finally, Richards Merrill & Peterson Inc. grew its stake in shares of Linde by 3.0% in the first quarter. Richards Merrill & Peterson Inc. now owns 816 shares of the basic materials company’s stock valued at $380,000 after acquiring an additional 24 shares in the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Linde

In related news, Director Stephen F. Angel sold 50,309 shares of the stock in a transaction on 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. 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 company insiders.

Linde Stock Performance

NASDAQ:LIN opened at $466.73 on Friday. The company has a market capitalization of $218.85 billion, a PE ratio of 33.20, a P/E/G ratio of 3.10 and a beta of 0.93. The company has a 50 day simple moving average of $474.57 and a two-hundred day simple moving average of $464.31. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.78 and a current ratio of 0.93. Linde PLC has a fifty-two week low of $408.65 and a fifty-two week high of $487.49.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Friday, August 1st. The basic materials company reported $4.09 EPS for the quarter, topping the consensus estimate of $4.03 by $0.06. The company had revenue of $8.50 billion during the quarter, compared to the consensus estimate of $8.35 billion. Linde had a net margin of 20.20% and a return on equity of 19.09%. The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the firm 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. Research analysts anticipate that Linde PLC will post 16.54 earnings per share for the current year.

Linde Announces Dividend

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

Analyst Upgrades and Downgrades

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

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.