Linde PLC $LIN Stock Holdings Increased by AE Wealth Management LLC

AE Wealth Management LLC lifted its holdings in Linde PLC (NASDAQ:LIN) by 26.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,568 shares of the basic materials company’s stock after purchasing an additional 3,083 shares during the quarter. AE Wealth Management LLC’s holdings in Linde were worth $6,836,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of LIN. Price T Rowe Associates Inc. MD raised its position in shares of Linde by 5.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,600,297 shares of the basic materials company’s stock worth $4,470,284,000 after buying an additional 453,108 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Linde by 18.6% during the first quarter. Wellington Management Group LLP now owns 7,542,991 shares of the basic materials company’s stock valued at $3,511,751,000 after acquiring an additional 1,182,157 shares during the period. Nuveen LLC bought a new stake in Linde during the first quarter worth approximately $2,097,793,000. Invesco Ltd. lifted its position in Linde by 1.1% in the first quarter. Invesco Ltd. now owns 3,859,539 shares of the basic materials company’s stock worth $1,797,156,000 after purchasing an additional 40,931 shares during the period. Finally, WCM Investment Management LLC boosted its stake in Linde by 1.9% during the 2nd quarter. WCM Investment Management LLC now owns 3,401,590 shares of the basic materials company’s stock valued at $1,577,624,000 after purchasing an additional 61,829 shares in the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Linde Stock Up 1.2%

LIN stock opened at $420.51 on Monday. Linde PLC has a 52-week low of $408.65 and a 52-week high of $486.38. The company’s 50 day simple moving average is $459.02 and its 200-day simple moving average is $463.43. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.93 and a quick ratio of 0.78. The firm has a market capitalization of $196.36 billion, a P/E ratio of 29.91, a P/E/G ratio of 2.85 and a beta of 0.91.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Friday, October 31st. The basic materials company reported $4.21 EPS for the quarter, topping analysts’ consensus estimates of $4.18 by $0.03. Linde had a net margin of 20.20% and a return on equity of 19.09%. The firm had revenue of $8.62 billion during the quarter, compared to analyst estimates of $8.62 billion. During the same quarter last year, the business posted $3.94 EPS. The company’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. As a group, equities research analysts anticipate that Linde PLC will post 16.54 EPS for the current year.

Linde Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Investors 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 yield of 1.4%. The ex-dividend date of this dividend is Wednesday, December 3rd. Linde’s payout ratio is presently 40.19%.

Analyst Ratings Changes

LIN has been the topic of several research reports. Royal Bank Of Canada dropped their price target on shares of Linde from $576.00 to $540.00 and set an “outperform” rating on the stock in a research report on Thursday. Citigroup lowered their price objective on shares of Linde from $535.00 to $520.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. JPMorgan Chase & Co. cut their target price on shares of Linde from $475.00 to $455.00 and set an “overweight” rating for the company in a research note on Monday, November 3rd. Sanford C. Bernstein restated an “outperform” rating and issued a $516.00 price target on shares of Linde in a research report on Monday, November 3rd. Finally, UBS Group cut their price objective on Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Linde has an average rating of “Buy” and an average price target of $508.83.

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.