Lord & Richards Wealth Management LLC Purchases 211 Shares of Linde PLC $LIN

Lord & Richards Wealth Management LLC grew its stake in shares of Linde PLC (NASDAQ:LIN) by 33.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 847 shares of the basic materials company’s stock after acquiring an additional 211 shares during the period. Lord & Richards Wealth Management LLC’s holdings in Linde were worth $397,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Abound Financial LLC purchased a new stake in shares of Linde during the first quarter worth $41,000. eCIO Inc. purchased a new stake in shares of Linde during the first quarter worth $45,000. Clal Insurance Enterprises Holdings Ltd lifted its position 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 acquiring an additional 89 shares in the last quarter. Nova Wealth Management Inc. purchased a new stake in shares of Linde during the first quarter worth $52,000. Finally, Costello Asset Management INC purchased a new stake in shares of Linde during the first quarter worth $54,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on LIN shares. Citigroup lowered their price objective on Linde from $535.00 to $520.00 and set a “buy” rating on the stock in a research report on Monday. UBS Group lowered their price objective on Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Weiss Ratings restated a “buy (b)” rating on shares of Linde in a research report on Wednesday, October 8th. Seaport Res Ptn upgraded Linde from a “hold” rating to a “strong-buy” rating in a research report on Monday. Finally, JPMorgan Chase & Co. lowered their price target on Linde from $475.00 to $455.00 and set an “overweight” rating on the stock in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $514.83.

Linde Stock Down 1.5%

Shares of NASDAQ:LIN opened at $412.18 on Tuesday. The stock’s 50-day moving average price is $464.09 and its 200-day moving average price is $464.32. Linde PLC has a 12-month low of $408.65 and a 12-month high of $486.38. The stock has a market capitalization of $193.28 billion, a P/E ratio of 29.32, a price-to-earnings-growth ratio of 2.85 and a beta of 0.93. 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 (NASDAQ:LIN) last announced its quarterly earnings data on Friday, October 31st. The basic materials company reported $4.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.18 by $0.03. Linde had a return on equity of 19.09% and a net margin of 20.20%.The firm had revenue of $8.62 billion for the quarter, compared to analysts’ expectations of $8.62 billion. During the same period last year, the firm earned $3.94 earnings per share. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. Linde has set its FY 2025 guidance at 16.350-16.450 EPS. Q4 2025 guidance at 4.100-4.200 EPS. On average, equities analysts anticipate that Linde PLC will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Wednesday, December 3rd. Linde’s dividend payout ratio (DPR) is 40.19%.

Insider Activity

In other news, Director Stephen F. Angel sold 50,309 shares of the firm’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 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.70% of the company’s stock.

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.