Allworth Financial LP Increases Stake in Linde PLC $LIN

Allworth Financial LP raised its holdings in Linde PLC (NASDAQ:LIN) by 8.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,652 shares of the basic materials company’s stock after acquiring an additional 868 shares during the period. Allworth Financial LP’s holdings in Linde were worth $5,467,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Addison Advisors LLC lifted its holdings in Linde by 68.2% in the second quarter. Addison Advisors LLC now owns 249 shares of the basic materials company’s stock valued at $117,000 after acquiring an additional 101 shares during the last quarter. Americana Partners LLC increased its stake in Linde by 10.1% during the second quarter. Americana Partners LLC now owns 22,214 shares of the basic materials company’s stock worth $10,423,000 after acquiring an additional 2,036 shares during the last quarter. Hughes Financial Services LLC raised its position in Linde by 280.6% in the second quarter. Hughes Financial Services LLC now owns 137 shares of the basic materials company’s stock valued at $65,000 after purchasing an additional 101 shares during the period. Profund Advisors LLC raised its position in Linde by 7.6% in the second quarter. Profund Advisors LLC now owns 42,421 shares of the basic materials company’s stock valued at $19,903,000 after purchasing an additional 2,986 shares during the period. Finally, Bornite Capital Management LP lifted its stake in shares of Linde by 1,782.9% in the 2nd quarter. Bornite Capital Management LP now owns 77,200 shares of the basic materials company’s stock valued at $36,221,000 after purchasing an additional 73,100 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Linde Stock Up 1.4%

Shares of NASDAQ:LIN opened at $426.65 on Wednesday. The firm has a 50 day simple moving average of $456.92 and a 200-day simple moving average of $463.07. Linde PLC has a twelve month low of $408.65 and a twelve month high of $486.38. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $199.22 billion, a PE ratio of 30.34, a P/E/G ratio of 2.85 and a beta of 0.91.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Friday, October 31st. The basic materials company reported $4.21 earnings per share for the quarter, beating analysts’ consensus estimates of $4.18 by $0.03. Linde had a return on equity of 19.09% and a net margin of 20.20%.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 earned $3.94 earnings per share. The firm’s revenue for the quarter 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 analysts predict that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd will be given a $1.50 dividend. The ex-dividend date is Wednesday, December 3rd. This represents a $6.00 annualized dividend and a yield of 1.4%. Linde’s dividend payout ratio is presently 40.19%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. UBS Group dropped their price target on shares of Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Citigroup lowered their price objective on shares of Linde from $535.00 to $520.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Seaport Res Ptn raised Linde from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Sanford C. Bernstein restated an “outperform” rating and set a $516.00 price target on shares of Linde in a research note on Monday, November 3rd. Finally, Royal Bank Of Canada lowered their price target on Linde from $576.00 to $540.00 and set an “outperform” rating for the company in a research report on Thursday, November 6th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Linde currently has a consensus rating of “Buy” and a consensus 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.