Friedenthal Financial Invests $91,000 in Linde PLC $LIN

Friedenthal Financial acquired a new position in Linde PLC (NASDAQ:LIN) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 195 shares of the basic materials company’s stock, valued at approximately $91,000.

Several other hedge funds have also recently made changes to their positions in LIN. Brighton Jones LLC bought a new position in shares of Linde in the 4th quarter worth about $2,752,000. Revolve Wealth Partners LLC increased its position in Linde by 14.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company’s stock valued at $325,000 after buying an additional 96 shares in the last quarter. Capital Investment Advisors LLC increased its position in Linde by 24.9% in the 1st quarter. Capital Investment Advisors LLC now owns 1,506 shares of the basic materials company’s stock valued at $701,000 after buying an additional 300 shares in the last quarter. First Citizens Bank & Trust Co. increased its position in Linde by 9.1% in the 1st quarter. First Citizens Bank & Trust Co. now owns 1,912 shares of the basic materials company’s stock valued at $890,000 after buying an additional 159 shares in the last quarter. Finally, Baldwin Wealth Partners LLC MA increased its position in Linde by 22.5% in the 1st quarter. Baldwin Wealth Partners LLC MA now owns 681 shares of the basic materials company’s stock valued at $317,000 after buying an additional 125 shares in the last quarter. 82.80% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Stephen F. Angel sold 50,309 shares of the company’s stock in a transaction that occurred 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 owned 480,543 shares in the company, valued at approximately $227,479,445.34. This represents a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.70% of the company’s stock.

Linde Price Performance

Shares of NASDAQ LIN opened at $470.37 on Wednesday. Linde PLC has a twelve month low of $408.65 and a twelve month high of $487.49. The stock’s 50 day moving average price is $474.57 and its 200-day moving average price is $464.50. The company has a market capitalization of $220.56 billion, a PE ratio of 33.45, a PEG ratio of 3.09 and a beta of 0.93. 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 posted its quarterly earnings data 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 return on equity of 19.09% and a net margin of 20.20%.The business had revenue of $8.50 billion for the quarter, compared to the consensus estimate of $8.35 billion. During the same quarter in the prior year, the business earned $3.85 earnings per share. Linde’s revenue for the quarter was up 2.3% on a year-over-year basis. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. On average, equities analysts anticipate that Linde PLC will post 16.54 EPS for the current year.

Linde Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. JPMorgan Chase & Co. boosted their target price on Linde from $470.00 to $475.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. UBS Group decreased their target price on Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a research report on Monday. Weiss Ratings reissued a “buy (b)” rating on shares of Linde in a report on Saturday, September 27th. Citigroup boosted their price objective on Linde from $530.00 to $535.00 and gave the stock a “buy” rating in a report on Monday. Finally, Royal Bank Of Canada assumed coverage on Linde in a report on Friday, June 13th. They set an “outperform” rating and a $576.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $520.00.

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.