Wealth Enhancement Advisory Services LLC Buys 16,426 Shares of Linde PLC $LIN

Wealth Enhancement Advisory Services LLC lifted its stake in shares of Linde PLC (NASDAQ:LIN) by 27.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 76,551 shares of the basic materials company’s stock after acquiring an additional 16,426 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Linde were worth $36,008,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of LIN. Darwin Wealth Management LLC bought a new position in shares of Linde in the 2nd quarter worth $25,000. Marquette Asset Management LLC purchased a new stake in Linde during the 3rd quarter valued at about $27,000. YANKCOM Partnership raised its stake in shares of Linde by 195.2% in the third quarter. YANKCOM Partnership now owns 62 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 41 shares during the last quarter. Albion Financial Group UT boosted its position in Linde by 87.8% in the third quarter. Albion Financial Group UT now owns 77 shares of the basic materials company’s stock valued at $37,000 after buying an additional 36 shares during the last quarter. Finally, Howard Hughes Medical Institute purchased a new stake in Linde in the second quarter valued at $48,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on LIN. Mizuho set a $495.00 target price on Linde in a research note on Thursday, December 11th. JPMorgan Chase & Co. reduced their price objective on shares of Linde from $475.00 to $455.00 and set an “overweight” rating for the company in a research report on Monday, November 3rd. BMO Capital Markets set a $501.00 price objective on shares of Linde in a report on Wednesday, December 17th. Seaport Res Ptn raised shares of Linde from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Finally, Royal Bank Of Canada reduced their price target on shares of Linde from $540.00 to $490.00 and set an “outperform” rating for the company in a research report on Friday, December 12th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $499.25.

Linde Stock Up 0.3%

Shares of NASDAQ:LIN opened at $434.32 on Wednesday. The business has a fifty day moving average of $420.62 and a two-hundred day moving average of $448.66. The company has a quick ratio of 0.69, a current ratio of 0.82 and a debt-to-equity ratio of 0.46. The stock has a market cap of $202.80 billion, a P/E ratio of 29.09, a PEG ratio of 3.07 and a beta of 0.85. Linde PLC has a 52-week low of $387.78 and a 52-week high of $486.38.

Linde (NASDAQ:LIN) last issued its quarterly earnings data 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 21.17% and a return on equity of 19.38%. The firm had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.62 billion. During the same period in the prior year, the business posted $3.94 EPS. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. 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, research analysts expect that Linde PLC will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd were issued a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Wednesday, December 3rd. Linde’s payout ratio is currently 40.19%.

Linde Company Profile

Linde (NASDAQ: LIN) is a multinational industrial gases and engineering company that supplies gases, related technologies and services to a wide range of industries. The company traces its current form to the 2018 combination of Germany’s Linde AG and U.S.-based Praxair, creating one of the largest global providers of industrial, specialty and medical gases. Linde’s business model centers on production, processing and distribution of gases as well as the design and construction of the plants and equipment needed to produce them.

Core products and services include atmospheric and process gases such as oxygen, nitrogen and argon; hydrogen and helium; carbon dioxide; and a portfolio of higher‑value specialty and electronic gases.