Accelerate Investment Advisors LLC Sells 112 Shares of Linde PLC $LIN

Accelerate Investment Advisors LLC trimmed its stake in Linde PLC (NASDAQ:LIN) by 8.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,274 shares of the basic materials company’s stock after selling 112 shares during the period. Accelerate Investment Advisors LLC’s holdings in Linde were worth $598,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the business. Strategy Asset Managers LLC increased its position in Linde by 2.8% in the 1st quarter. Strategy Asset Managers LLC now owns 834 shares of the basic materials company’s stock worth $388,000 after buying an additional 23 shares during the period. Diversify Advisory Services LLC lifted its position in shares of Linde by 2.5% during the 1st quarter. Diversify Advisory Services LLC now owns 999 shares of the basic materials company’s stock worth $450,000 after buying an additional 24 shares during the period. IFP Advisors Inc lifted its position in shares of Linde by 0.8% during the 1st quarter. IFP Advisors Inc now owns 3,207 shares of the basic materials company’s stock worth $1,493,000 after buying an additional 24 shares during the period. Richards Merrill & Peterson Inc. lifted its position in shares of Linde by 3.0% during the 1st quarter. Richards Merrill & Peterson Inc. now owns 816 shares of the basic materials company’s stock worth $380,000 after buying an additional 24 shares during the period. Finally, Enterprise Financial Services Corp raised its position in Linde by 3.9% in the 1st quarter. Enterprise Financial Services Corp now owns 647 shares of the basic materials company’s stock valued at $301,000 after purchasing an additional 24 shares during the last quarter. 82.80% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Linde news, Director Stephen F. Angel sold 50,309 shares of the firm’s stock in a transaction on 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 transaction, the director owned 480,543 shares in the company, valued at $227,479,445.34. This trade represents a 9.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.70% of the stock is currently owned by company insiders.

Linde Price Performance

NASDAQ:LIN opened at $482.04 on Friday. The firm has a market capitalization of $226.03 billion, a price-to-earnings ratio of 34.28, a P/E/G ratio of 3.19 and a beta of 0.95. The company has a quick ratio of 0.78, a current ratio of 0.93 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 $487.49. The stock’s 50 day moving average price is $472.66 and its two-hundred day moving average price is $462.91.

Linde (NASDAQ:LIN) last announced its earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the company earned $3.85 earnings per share. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. On average, analysts anticipate 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 Thursday, September 18th. Shareholders of record on Thursday, September 4th will be paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Thursday, September 4th. Linde’s dividend payout ratio (DPR) is 42.67%.

Wall Street Analyst Weigh In

LIN has been the subject of several research analyst reports. UBS Group lifted their price objective on Linde from $485.00 to $504.00 and gave the company a “neutral” rating in a research report on Wednesday, July 9th. Royal Bank Of Canada initiated coverage on Linde in a report on Friday, June 13th. They issued an “outperform” rating and a $576.00 price objective for the company. Citigroup raised Linde from a “neutral” rating to a “buy” rating and boosted their target price for the company from $500.00 to $535.00 in a research note on Monday, June 30th. Finally, JPMorgan Chase & Co. boosted their target price on Linde from $470.00 to $475.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $519.63.

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.