3,702 Shares in Linde PLC $LIN Purchased by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. purchased a new position in Linde PLC (NASDAQ:LIN) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,702 shares of the basic materials company’s stock, valued at approximately $1,737,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new stake in shares of Linde in the fourth quarter worth approximately $2,752,000. Revolve Wealth Partners LLC raised its stake in Linde by 14.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company’s stock worth $325,000 after purchasing an additional 96 shares during the period. Vestmark Advisory Solutions Inc. boosted its holdings in shares of Linde by 29.1% in the 1st quarter. Vestmark Advisory Solutions Inc. now owns 1,380 shares of the basic materials company’s stock valued at $643,000 after purchasing an additional 311 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in shares of Linde by 1.2% in the 1st quarter. Raymond James Financial Inc. now owns 745,400 shares of the basic materials company’s stock valued at $347,088,000 after purchasing an additional 9,140 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its stake in shares of Linde by 10.6% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 41,161 shares of the basic materials company’s stock valued at $19,166,000 after buying an additional 3,953 shares during the period. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Linde Price Performance

LIN stock opened at $416.24 on Monday. The stock has a 50-day simple moving average of $426.77 and a 200-day simple moving average of $455.71. The firm has a market cap of $194.36 billion, a P/E ratio of 27.88, a price-to-earnings-growth ratio of 3.19 and a beta of 0.85. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.69 and a current ratio of 0.82. Linde PLC has a 1 year low of $387.78 and a 1 year high of $486.38.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Friday, October 31st. The basic materials company reported $4.21 earnings per share for the quarter, topping analysts’ consensus estimates of $4.18 by $0.03. Linde had a return on equity of 19.38% and a net margin of 21.17%.The firm had revenue of $8.62 billion during the quarter, compared to analysts’ expectations of $8.62 billion. Linde’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.94 EPS. Linde has set its FY 2025 guidance at 16.350-16.450 EPS and its Q4 2025 guidance at 4.100-4.200 EPS. On average, equities analysts predict that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd will be paid 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 40.19%.

Analyst Upgrades and Downgrades

LIN has been the topic of several research reports. Royal Bank Of Canada cut their target price on Linde from $540.00 to $490.00 and set an “outperform” rating on the stock in a research report on Friday. CICC Research began coverage on Linde in a research note on Wednesday, December 3rd. They set an “outperform” rating and a $510.00 price target for the company. JPMorgan Chase & Co. reduced their price objective on Linde from $475.00 to $455.00 and set an “overweight” rating on the stock in a research note on Monday, November 3rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Linde in a report on Monday, December 8th. Finally, UBS Group restated a “buy” rating on shares of Linde in a report on Friday. Two investment analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $501.00.

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.