Evernest Financial Advisors LLC Acquires 183 Shares of Linde PLC $LIN
by Teresa Graham · The Cerbat GemEvernest Financial Advisors LLC raised its position in shares of Linde PLC (NASDAQ:LIN – Free Report) by 30.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 777 shares of the basic materials company’s stock after purchasing an additional 183 shares during the period. Evernest Financial Advisors LLC’s holdings in Linde were worth $365,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. North Capital Inc. purchased a new stake in Linde during the first quarter valued at about $25,000. Abound Financial LLC purchased a new stake in Linde during the first quarter valued at about $41,000. eCIO Inc. purchased a new stake in Linde during the first quarter valued at about $45,000. Clal Insurance Enterprises Holdings Ltd raised its position in Linde by 445.0% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company’s stock valued at $51,000 after purchasing an additional 89 shares in the last quarter. Finally, Nova Wealth Management Inc. purchased a new stake in Linde during the first quarter valued at about $52,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.
Linde Stock Down 1.7%
LIN opened at $451.42 on Thursday. The company has a market cap of $211.68 billion, a P/E ratio of 32.11, a P/E/G ratio of 3.03 and a beta of 0.93. The business’s 50-day moving average price is $473.62 and its 200-day moving average price is $464.37. 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 PLC has a 12 month low of $408.65 and a 12 month high of $487.49.
Linde (NASDAQ:LIN – Get Free Report) last released its quarterly earnings data on Friday, August 1st. The basic materials company reported $4.09 EPS for the quarter, topping the consensus estimate of $4.03 by $0.06. The firm had revenue of $8.50 billion for the quarter, compared to the consensus estimate of $8.35 billion. Linde had a return on equity of 19.09% and a net margin of 20.20%.The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.85 earnings per share. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. On average, equities analysts expect that Linde PLC will post 16.54 EPS for the current year.
Linde Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were paid a $1.50 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $6.00 annualized dividend and a dividend yield of 1.3%. Linde’s dividend payout ratio (DPR) is presently 42.67%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. raised their price target on Linde from $470.00 to $475.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Weiss Ratings restated a “buy (b)” rating on shares of Linde in a research report on Wednesday, October 8th. UBS Group lowered 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. Finally, Citigroup lifted their price objective on Linde from $530.00 to $535.00 and gave the stock a “buy” rating in a report on Monday, October 6th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $520.00.
Get Our Latest Analysis on LIN
Insider Activity
In related 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 sale, the director directly owned 480,543 shares of the company’s stock, valued at $227,479,445.34. This trade represents a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.70% of the stock is owned by insiders.
Linde 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.
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