Boyd Watterson Asset Management LLC OH Trims Stock Holdings in Linde PLC $LIN

Boyd Watterson Asset Management LLC OH lessened its position in shares of Linde PLC (NASDAQ:LIN) by 0.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,310 shares of the basic materials company’s stock after selling 59 shares during the period. Linde makes up about 0.9% of Boyd Watterson Asset Management LLC OH’s holdings, making the stock its 29th biggest position. Boyd Watterson Asset Management LLC OH’s holdings in Linde were worth $2,961,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of LIN. Brighton Jones LLC bought a new stake in Linde during the 4th quarter worth approximately $2,752,000. Revolve Wealth Partners LLC lifted its holdings in shares of Linde by 14.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company’s stock worth $325,000 after acquiring an additional 96 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its holdings in shares of Linde by 9.3% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 329 shares of the basic materials company’s stock worth $153,000 after acquiring an additional 28 shares during the last quarter. Sovran Advisors LLC lifted its holdings in shares of Linde by 46.4% during the 1st quarter. Sovran Advisors LLC now owns 1,214 shares of the basic materials company’s stock worth $549,000 after acquiring an additional 385 shares during the last quarter. Finally, Essex Financial Services Inc. lifted its holdings in shares of Linde by 2.8% during the 1st quarter. Essex Financial Services Inc. now owns 3,302 shares of the basic materials company’s stock worth $1,538,000 after acquiring an additional 89 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

Analyst Ratings Changes

LIN has been the subject of a number of research reports. JPMorgan Chase & Co. upped their price objective 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Linde in a research note on Wednesday, October 8th. Citigroup upped their price objective on shares of Linde from $530.00 to $535.00 and gave the company a “buy” rating in a research note on Monday, October 6th. Finally, UBS Group cut their price objective on shares of Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $520.00.

Linde Stock Down 0.3%

Shares of NASDAQ LIN opened at $444.82 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 0.49. Linde PLC has a 12 month low of $408.65 and a 12 month high of $486.38. The firm has a market capitalization of $208.58 billion, a PE ratio of 31.64, a price-to-earnings-growth ratio of 2.94 and a beta of 0.93. The firm has a fifty day simple moving average of $469.43 and a two-hundred day simple moving average of $464.82.

Linde (NASDAQ:LIN) last issued 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. Linde had a net margin of 20.20% and a return on equity of 19.09%. The business had revenue of $8.50 billion during the quarter, compared to analyst estimates of $8.35 billion. During the same period in the prior year, the business earned $3.85 EPS. The company’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. Equities analysts expect 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 will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd will be issued a $1.50 dividend. The ex-dividend date is Wednesday, December 3rd. This represents a $6.00 annualized dividend and a yield of 1.3%. Linde’s dividend payout ratio is 42.67%.

Insider Buying and Selling at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of the company’s stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $473.38, for a total value of $23,815,274.42. Following the sale, the director directly owned 480,543 shares of the company’s stock, valued at $227,479,445.34. This represents a 9.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.70% of the stock is owned by corporate insiders.

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.