Spire Wealth Management Has $4.35 Million Stock Position in Linde PLC $LIN

Spire Wealth Management lessened its stake in shares of Linde PLC (NASDAQ:LIN) by 42.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,533 shares of the basic materials company’s stock after selling 6,979 shares during the quarter. Spire Wealth Management’s holdings in Linde were worth $4,349,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of LIN. North Capital Inc. bought a new stake in Linde during the 1st quarter worth $25,000. Abound Financial LLC bought a new position in Linde in the first quarter valued at about $41,000. eCIO Inc. acquired a new stake in shares of Linde during the first quarter valued at about $45,000. Clal Insurance Enterprises Holdings Ltd grew its holdings in shares of Linde by 445.0% during the first 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 during the last quarter. Finally, Nova Wealth Management Inc. bought a new stake in shares of Linde during the first quarter worth about $52,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Stephen F. Angel sold 50,309 shares of Linde stock in a transaction dated 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 transaction, the director directly owned 480,543 shares of the company’s stock, valued at approximately $227,479,445.34. This trade represents a 9.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on LIN shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Linde in a research report on Wednesday, October 8th. UBS Group dropped their price target 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. Citigroup lifted their price target on shares of Linde from $530.00 to $535.00 and gave the stock a “buy” rating in a report on Monday, October 6th. Finally, JPMorgan Chase & Co. increased their price objective on Linde from $470.00 to $475.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $520.00.

Linde Stock Down 2.4%

Linde stock opened at $432.01 on Thursday. 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 $486.38. The firm has a 50 day moving average price of $467.68 and a two-hundred day moving average price of $464.82. The firm has a market cap of $202.57 billion, a price-to-earnings ratio of 30.73, a PEG ratio of 2.92 and a beta of 0.93.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Friday, August 1st. The basic materials company reported $4.09 EPS for the quarter, beating analysts’ consensus estimates of $4.03 by $0.06. Linde had a net margin of 20.20% and a return on equity of 19.09%. The company had revenue of $8.50 billion for the quarter, compared to analyst estimates of $8.35 billion. During the same period in the prior year, the firm posted $3.85 EPS. The company’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. Equities analysts predict that Linde PLC will post 16.54 EPS for the current year.

Linde Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd will be given a dividend of $1.50 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $6.00 dividend on an annualized basis and a yield of 1.4%. Linde’s dividend payout ratio is 42.67%.

Linde 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.