Wallington Asset Management LLC Purchases 995 Shares of Linde PLC $LIN

Wallington Asset Management LLC increased its position in Linde PLC (NASDAQ:LIN) by 1.4% during the second quarter, HoldingsChannel.com reports. The fund owned 72,985 shares of the basic materials company’s stock after acquiring an additional 995 shares during the quarter. Linde accounts for approximately 4.8% of Wallington Asset Management LLC’s holdings, making the stock its 3rd largest holding. Wallington Asset Management LLC’s holdings in Linde were worth $34,243,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. North Capital Inc. acquired a new stake in Linde during the 1st quarter valued at $25,000. Abound Financial LLC acquired a new stake in Linde during the 1st quarter valued at $41,000. eCIO Inc. acquired a new stake in Linde during the 1st quarter valued at $45,000. Clal Insurance Enterprises Holdings Ltd grew its holdings in Linde by 445.0% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company’s stock valued at $51,000 after buying an additional 89 shares during the last quarter. Finally, Nova Wealth Management Inc. acquired a new stake in Linde during the 1st quarter valued at $52,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Trading Down 0.6%

Shares of Linde stock opened at $466.73 on Friday. Linde PLC has a fifty-two week low of $408.65 and a fifty-two week high of $487.49. The firm has a market cap 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 business’s fifty day moving average is $474.57 and its two-hundred day moving average is $464.31. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 0.49.

Linde (NASDAQ:LIN) last issued its quarterly earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share for the quarter, topping 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 return on equity of 19.09% and a net margin of 20.20%.The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the company 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. Analysts anticipate that Linde PLC will post 16.54 earnings per share for the current year.

Linde Announces Dividend

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

Wall Street Analyst Weigh In

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

Insider Buying and Selling 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 of the company’s stock, valued at approximately $227,479,445.34. This trade represents a 9.48% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.70% of the company’s stock.

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.