Linde PLC $LIN Holdings Raised by Mayflower Financial Advisors LLC

Mayflower Financial Advisors LLC boosted its holdings in shares of Linde PLC (NASDAQ:LIN) by 5.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,476 shares of the basic materials company’s stock after buying an additional 131 shares during the period. Mayflower Financial Advisors LLC’s holdings in Linde were worth $1,162,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Breakwater Capital Group raised its position in Linde by 2.3% during the second quarter. Breakwater Capital Group now owns 980 shares of the basic materials company’s stock valued at $460,000 after buying an additional 22 shares during the period. Canopy Partners LLC raised its position in Linde by 2.9% during the second quarter. Canopy Partners LLC now owns 788 shares of the basic materials company’s stock valued at $370,000 after buying an additional 22 shares during the period. Mitchell Sinkler & Starr PA raised its position in Linde by 1.9% during the second quarter. Mitchell Sinkler & Starr PA now owns 1,192 shares of the basic materials company’s stock valued at $559,000 after buying an additional 22 shares during the period. Clarendon Private LLC raised its position in Linde by 1.0% during the second quarter. Clarendon Private LLC now owns 2,273 shares of the basic materials company’s stock valued at $1,066,000 after buying an additional 22 shares during the period. Finally, Strategy Asset Managers LLC raised its position in Linde by 2.8% during the first quarter. Strategy Asset Managers LLC now owns 834 shares of the basic materials company’s stock valued at $388,000 after buying an additional 23 shares during the period. 82.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LIN has been the topic of several recent analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Linde in a research report on Wednesday, October 8th. UBS Group dropped their target price on Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Citigroup upped their target price on Linde from $530.00 to $535.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Finally, JPMorgan Chase & Co. upped their target price on Linde from $470.00 to $475.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. 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. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $520.00.

Insider Activity

In other news, Director Stephen F. Angel sold 50,309 shares of the company’s stock in a transaction dated 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 approximately $227,479,445.34. This represents a 9.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.70% of the company’s stock.

Linde Stock Performance

Shares of LIN stock opened at $442.72 on Wednesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.93 and a quick ratio of 0.78. Linde PLC has a fifty-two week low of $408.65 and a fifty-two week high of $486.38. The stock’s 50-day moving average is $468.68 and its two-hundred day moving average is $464.89. The firm has a market cap of $207.60 billion, a P/E ratio of 31.49, a PEG ratio of 2.94 and a beta of 0.93.

Linde (NASDAQ:LIN) last issued its earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share for the quarter, topping the consensus estimate 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 was up 2.3% compared to the same quarter last year. During the same period in the prior 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. Analysts predict that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Wednesday, December 3rd. Linde’s dividend payout ratio is 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.