Journey Strategic Wealth LLC Raises Stake in Linde PLC $LIN

by · The Markets Daily

Journey Strategic Wealth LLC grew its stake in Linde PLC (NASDAQ:LIN – Free Report) by 110.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,783 shares of the basic materials company’s stock after acquiring an additional 2,512 shares during the quarter. Journey Strategic Wealth LLC’s holdings in Linde were worth $2,244,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bartlett & CO. Wealth Management LLC lifted its holdings in Linde by 1.3% in the second quarter. Bartlett & CO. Wealth Management LLC now owns 249,742 shares of the basic materials company’s stock valued at $117,174,000 after acquiring an additional 3,230 shares during the last quarter. Markel Group Inc. lifted its stake in shares of Linde by 3.1% in the 2nd quarter. Markel Group Inc. now owns 186,600 shares of the basic materials company’s stock valued at $87,549,000 after purchasing an additional 5,600 shares during the last quarter. Destiny Wealth Partners LLC acquired a new position in shares of Linde in the 2nd quarter valued at $465,000. Meiji Yasuda Asset Management Co Ltd. grew its holdings in shares of Linde by 25.9% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 23,558 shares of the basic materials company’s stock worth $10,970,000 after purchasing an additional 4,839 shares during the period. Finally, Ethos Financial Group LLC acquired a new stake in shares of Linde during the 1st quarter worth about $345,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Stock Performance

Shares of Linde stock opened at $408.51 on Friday. The business has a 50-day simple moving average of $449.27 and a 200-day simple moving average of $461.37. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.78 and a current ratio of 0.93. Linde PLC has a one year low of $408.21 and a one year high of $486.38. The company has a market cap of $190.75 billion, a PE ratio of 29.05, a P/E/G ratio of 2.85 and a beta of 0.91.

Linde (NASDAQ:LIN – Get Free Report) last posted its quarterly earnings results on Friday, October 31st. The basic materials company reported $4.21 EPS for the quarter, topping the consensus estimate of $4.18 by $0.03. Linde had a net margin of 20.20% and a return on equity of 19.09%. The company had revenue of $8.62 billion during the quarter, compared to analysts’ expectations of $8.62 billion. During the same quarter in the previous year, the business posted $3.94 EPS. The firm’s revenue was up 2.9% on a year-over-year basis. 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 research analysts forecast that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Wednesday, December 3rd. Linde’s dividend payout ratio is currently 40.19%.

Wall Street Analyst Weigh In

A number of research firms have commented on LIN. Seaport Res Ptn raised shares of Linde from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Sanford C. Bernstein reissued an “outperform” rating and issued a $516.00 price target on shares of Linde in a research note on Monday, November 3rd. Royal Bank Of Canada lowered their price objective on shares of Linde from $576.00 to $540.00 and set an “outperform” rating for the company in a research report on Thursday, November 6th. JPMorgan Chase & Co. lowered their target price on Linde from $475.00 to $455.00 and set an “overweight” rating for the company in a report on Monday, November 3rd. Finally, 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. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $508.83.

Check Out Our Latest Report on LIN

Linde Company Profile

(Free Report)

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.

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