Whalen Wealth Management Inc. Makes New Investment in Linde PLC $LIN

Whalen Wealth Management Inc. bought a new position in Linde PLC (NASDAQ:LIN) during the second quarter, HoldingsChannel.com reports. The fund bought 807 shares of the basic materials company’s stock, valued at approximately $379,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in LIN. North Capital Inc. bought a new position in shares of Linde during the 1st quarter worth $25,000. Abound Financial LLC bought a new position in shares of Linde during the 1st quarter worth $41,000. eCIO Inc. bought a new position in shares of Linde during the 1st quarter worth $45,000. Clal Insurance Enterprises Holdings Ltd grew its position in shares of Linde by 445.0% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company’s stock worth $51,000 after buying an additional 89 shares in the last quarter. Finally, Nova Wealth Management Inc. bought a new position in shares of Linde during the 1st quarter worth $52,000. Institutional investors own 82.80% of the company’s stock.

Linde Price Performance

Shares of LIN stock opened at $442.72 on Wednesday. Linde PLC has a 1-year low of $408.65 and a 1-year high of $486.38. The stock’s 50-day moving average is $468.68 and its 200 day moving average is $464.89. The company 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. 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 (NASDAQ:LIN) last issued its quarterly earnings data on Friday, August 1st. The basic materials company reported $4.09 earnings per share for the quarter, beating analysts’ consensus estimates of $4.03 by $0.06. Linde had a return on equity of 19.09% and a net margin of 20.20%.The company had revenue of $8.50 billion for the quarter, compared to the consensus estimate of $8.35 billion. During the same quarter last year, the company earned $3.85 earnings per share. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. Research analysts predict that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd will be issued a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Wednesday, December 3rd. Linde’s dividend payout ratio (DPR) is currently 42.67%.

Wall Street Analysts Forecast Growth

LIN has been the topic of a number of recent research reports. UBS Group dropped their price target 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 reissued a “buy (b)” rating on shares of Linde in a research report on Wednesday, October 8th. Citigroup increased their price target 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. raised their price objective on Linde from $470.00 to $475.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Linde has an average rating of “Buy” and a consensus target price of $520.00.

Insiders Place Their Bets

In other Linde 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 value of $23,815,274.42. Following the completion of the sale, the director 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.70% of the company’s stock.

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.