World Investment Advisors Has $1.33 Million Stock Holdings in Linde PLC $LIN

World Investment Advisors boosted its holdings in shares of Linde PLC (NASDAQ:LIN) by 34.9% in the second quarter, according to its most recent filing with the SEC. The firm owned 2,843 shares of the basic materials company’s stock after acquiring an additional 735 shares during the period. World Investment Advisors’ holdings in Linde were worth $1,334,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of LIN. North Capital Inc. bought a new position in shares of Linde during the first quarter worth $25,000. Abound Financial LLC bought a new position in shares of Linde during the first quarter worth $41,000. eCIO Inc. bought a new position in shares of Linde during the first quarter worth $45,000. Clal Insurance Enterprises Holdings Ltd boosted 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 purchasing an additional 89 shares in the last quarter. Finally, Nova Wealth Management Inc. bought a new position in shares of Linde during the first quarter worth $52,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Trading Down 2.6%

LIN opened at $418.68 on Friday. The stock has a market capitalization of $196.32 billion, a P/E ratio of 29.78, a P/E/G ratio of 2.85 and a beta of 0.93. Linde PLC has a 12 month low of $408.65 and a 12 month high of $486.38. The firm’s fifty day simple moving average is $465.40 and its 200 day simple moving average is $464.39. 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 posted its quarterly earnings data on Friday, October 31st. The basic materials company reported $4.21 EPS for the quarter, beating the consensus estimate of $4.18 by $0.03. The business had revenue of $8.62 billion for the quarter, compared to analysts’ expectations of $8.62 billion. Linde had a net margin of 20.20% and a return on equity of 19.09%. The firm’s revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.94 EPS. Linde has set its FY 2025 guidance at 16.350-16.450 EPS. Q4 2025 guidance at 4.100-4.200 EPS. As a group, research analysts anticipate that Linde PLC will post 16.54 EPS 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 given a dividend of $1.50 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $6.00 annualized dividend and a yield of 1.4%. Linde’s payout ratio is 42.67%.

Insider Buying and Selling

In other Linde news, Director Stephen F. Angel sold 50,309 shares of the business’s stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $473.38, for a total transaction of $23,815,274.42. Following the sale, the director directly owned 480,543 shares of the company’s stock, valued at $227,479,445.34. The trade was a 9.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

LIN has been the topic of a number of recent analyst reports. UBS Group reduced their price target on shares of Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. JPMorgan Chase & Co. lifted their price target on shares of Linde from $470.00 to $475.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Weiss Ratings reissued a “buy (b)” rating on shares of Linde in a research report on Wednesday, October 8th. Finally, Citigroup lifted their price target on shares of Linde from $530.00 to $535.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Linde has an average rating of “Buy” and a consensus price target of $521.60.

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.