Linde PLC $LIN Shares Bought by Vest Financial LLC

Vest Financial LLC grew its holdings in shares of Linde PLC (NASDAQ:LIN) by 0.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 141,423 shares of the basic materials company’s stock after purchasing an additional 491 shares during the quarter. Linde makes up about 0.9% of Vest Financial LLC’s investment portfolio, making the stock its 19th biggest position. Vest Financial LLC’s holdings in Linde were worth $66,353,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Clarendon Private LLC lifted its stake in shares of Linde by 1.0% during the 2nd quarter. Clarendon Private LLC now owns 2,273 shares of the basic materials company’s stock worth $1,066,000 after purchasing an additional 22 shares during the period. Mitchell Sinkler & Starr PA lifted its stake in shares of Linde by 1.9% during the 2nd quarter. Mitchell Sinkler & Starr PA now owns 1,192 shares of the basic materials company’s stock worth $559,000 after purchasing an additional 22 shares during the period. CWM LLC lifted its stake in shares of Linde by 2.1% during the 2nd quarter. CWM LLC now owns 11,417 shares of the basic materials company’s stock worth $5,357,000 after purchasing an additional 233 shares during the period. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Linde by 14.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 57,814 shares of the basic materials company’s stock worth $27,132,000 after purchasing an additional 7,401 shares during the period. Finally, Concurrent Investment Advisors LLC lifted its stake in shares of Linde by 12.9% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 10,001 shares of the basic materials company’s stock worth $4,692,000 after purchasing an additional 1,140 shares during the period. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Insider Transactions at Linde

In related news, Director Stephen F. Angel sold 50,309 shares of the 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 completion of the sale, the director directly owned 480,543 shares in the company, valued at approximately $227,479,445.34. This represents a 9.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on LIN shares. UBS Group reduced 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, October 6th. JPMorgan Chase & Co. increased their price target on Linde from $470.00 to $475.00 and gave the stock 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 report on Wednesday, October 8th. Finally, Citigroup increased 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. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $520.00.

Linde Trading Down 0.9%

Shares of LIN opened at $453.82 on Monday. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $212.80 billion, a P/E ratio of 32.28, a price-to-earnings-growth ratio of 3.00 and a beta of 0.93. The stock’s fifty day simple moving average is $474.45 and its 200 day simple moving average is $464.51. Linde PLC has a twelve month low of $408.65 and a twelve month 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 for the quarter, topping 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 analyst estimates of $8.35 billion. During the same period last year, the company posted $3.85 EPS. The business’s quarterly revenue 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 research analysts forecast that Linde PLC will post 16.54 earnings per share for the current year.

Linde Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 1.3%. The ex-dividend date was Thursday, September 4th. Linde’s dividend payout ratio is currently 42.67%.

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.