Valmark Advisers Inc. Has $1.96 Million Holdings in Linde PLC $LIN

Valmark Advisers Inc. lessened its position in shares of Linde PLC (NASDAQ:LIN) by 0.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,182 shares of the basic materials company’s stock after selling 22 shares during the quarter. Valmark Advisers Inc.’s holdings in Linde were worth $1,962,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on LIN. 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 target on the stock. Citigroup boosted their price target on Linde from $530.00 to $535.00 and gave the company a “buy” rating in a research note on Monday. JPMorgan Chase & Co. boosted their price target on Linde from $470.00 to $475.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Linde in a research note on Wednesday. Finally, UBS Group decreased their price target on Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a research note on Monday. Two equities research 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 company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $520.00.

Insider Buying and Selling at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of the business’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $473.38, for a total transaction of $23,815,274.42. Following the completion of the sale, the director owned 480,543 shares in the company, valued at $227,479,445.34. The trade was a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.70% of the stock is currently owned by insiders.

Linde Trading Down 0.5%

Shares of LIN opened at $467.83 on Thursday. The stock has a fifty day moving average price of $474.60 and a two-hundred day moving average price of $464.52. 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 52-week low of $408.65 and a 52-week high of $487.49. The company has a market cap of $219.37 billion, a price-to-earnings ratio of 33.27, a PEG ratio of 3.11 and a beta of 0.93.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Friday, August 1st. The basic materials company reported $4.09 earnings per share (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 firm had revenue of $8.50 billion during the quarter, compared to the consensus estimate of $8.35 billion. During the same quarter in the previous year, the company posted $3.85 EPS. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. Analysts predict that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Dividend Announcement

The company also recently announced 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 was Thursday, September 4th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.3%. Linde’s payout ratio is presently 42.67%.

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.