Barings LLC Trims Position in Linde PLC $LIN

Barings LLC lessened its holdings in shares of Linde PLC (NASDAQ:LIN) by 16.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,512 shares of the basic materials company’s stock after selling 6,015 shares during the quarter. Barings LLC’s holdings in Linde were worth $14,785,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LIN. eCIO Inc. bought a new position in Linde in the 1st quarter worth $45,000. Clal Insurance Enterprises Holdings Ltd increased its position in shares of 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 buying an additional 89 shares during the period. Nova Wealth Management Inc. bought a new position in Linde in the first quarter worth about $52,000. Costello Asset Management INC purchased a new stake in Linde in the first quarter worth about $54,000. Finally, Activest Wealth Management boosted its position in Linde by 5,800.0% during the 1st quarter. Activest Wealth Management now owns 118 shares of the basic materials company’s stock valued at $55,000 after acquiring an additional 116 shares in the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

LIN has been the subject of several research reports. Seaport Res Ptn raised Linde from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Citigroup reduced their price target on Linde from $535.00 to $520.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. Sanford C. Bernstein reissued an “outperform” rating and set a $516.00 price objective on shares of Linde in a research report on Monday, November 3rd. Royal Bank Of Canada reduced their target price on shares of Linde from $576.00 to $540.00 and set an “outperform” rating on the stock in a research report on Thursday, November 6th. Finally, JPMorgan Chase & Co. decreased their price target 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. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Linde presently has an average rating of “Buy” and an average price target of $508.83.

Linde Trading Up 1.0%

Linde stock opened at $412.74 on Friday. Linde PLC has a 12 month low of $406.42 and a 12 month high of $486.38. The company has a market capitalization of $192.73 billion, a price-to-earnings ratio of 29.36, a price-to-earnings-growth ratio of 2.85 and a beta of 0.91. The business’s fifty day simple moving average is $447.88 and its two-hundred day simple moving average is $461.19. 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 (NASDAQ:LIN) last posted its quarterly earnings results on Friday, October 31st. The basic materials company reported $4.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.18 by $0.03. The firm had revenue of $8.62 billion during the quarter, compared to analyst estimates of $8.62 billion. Linde had a return on equity of 19.09% and a net margin of 20.20%.Linde’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.94 EPS. 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 analysts predict that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Announces Dividend

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

About Linde

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.