Linde PLC $LIN Shares Purchased by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. boosted its holdings in Linde PLC (NASDAQ:LIN) by 0.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,651 shares of the basic materials company’s stock after acquiring an additional 267 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Linde were worth $16,257,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD increased its position in Linde by 5.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,600,297 shares of the basic materials company’s stock valued at $4,470,284,000 after acquiring an additional 453,108 shares during the period. Wellington Management Group LLP increased its position in Linde by 18.6% in the 1st quarter. Wellington Management Group LLP now owns 7,542,991 shares of the basic materials company’s stock valued at $3,511,751,000 after acquiring an additional 1,182,157 shares during the period. Nuveen LLC acquired a new position in shares of Linde during the 1st quarter valued at $2,097,793,000. Invesco Ltd. increased its position in shares of Linde by 1.1% during the 1st quarter. Invesco Ltd. now owns 3,859,539 shares of the basic materials company’s stock valued at $1,797,156,000 after purchasing an additional 40,931 shares during the period. Finally, WCM Investment Management LLC increased its position in shares of Linde by 0.3% during the 1st quarter. WCM Investment Management LLC now owns 3,339,761 shares of the basic materials company’s stock valued at $1,533,318,000 after purchasing an additional 9,870 shares during the period. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. UBS Group lowered their price target on Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Linde in a research report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price target on Linde from $470.00 to $475.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Finally, Citigroup lifted their price target on Linde from $530.00 to $535.00 and gave the company a “buy” rating in a research report on Monday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $520.00.

Linde Stock Performance

Shares of NASDAQ LIN opened at $456.64 on Tuesday. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $214.12 billion, a price-to-earnings ratio of 32.48, a PEG ratio of 3.00 and a beta of 0.93. The stock’s fifty day simple moving average is $474.23 and its 200 day simple moving average is $464.49. Linde PLC has a 52-week low of $408.65 and a 52-week high of $487.49.

Linde (NASDAQ:LIN) last issued its earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.03 by $0.06. The business had revenue of $8.50 billion for the quarter, compared to analysts’ expectations of $8.35 billion. Linde had a return on equity of 19.09% and a net margin of 20.20%.The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the previous 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. As a group, sell-side analysts forecast that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Dividend Announcement

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

Insider Activity

In related news, Director Stephen F. Angel sold 50,309 shares of Linde 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. The trade was a 9.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.70% of the stock is owned by insiders.

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.