Ameritas Investment Partners Inc. Has $10.23 Million Stock Position in Linde PLC $LIN

Ameritas Investment Partners Inc. lifted its stake in shares of Linde PLC (NASDAQ:LIN) by 8.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,793 shares of the basic materials company’s stock after purchasing an additional 1,609 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Linde were worth $10,225,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. eCIO Inc. purchased a new stake in shares of Linde in the first quarter worth approximately $45,000. Clal Insurance Enterprises Holdings Ltd increased its holdings 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 worth $51,000 after buying an additional 89 shares during the last quarter. Nova Wealth Management Inc. purchased a new stake in Linde in the first quarter worth $52,000. Costello Asset Management INC purchased a new stake in Linde in the 1st quarter worth about $54,000. Finally, Activest Wealth Management boosted its holdings in Linde by 5,800.0% in the 1st quarter. Activest Wealth Management now owns 118 shares of the basic materials company’s stock worth $55,000 after buying an additional 116 shares during the period. 82.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Seaport Res Ptn raised shares of Linde from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Citigroup reduced their price target on shares of Linde from $535.00 to $520.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Royal Bank Of Canada dropped their price objective on Linde from $576.00 to $540.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Linde in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. decreased their price objective on Linde from $475.00 to $455.00 and set an “overweight” rating for the company in a report on Monday, November 3rd. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Linde has a consensus rating of “Buy” and a consensus price target of $508.83.

Linde Stock Performance

LIN stock opened at $412.74 on Monday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.93 and a quick ratio of 0.78. Linde PLC has a 1 year low of $406.42 and a 1 year high of $486.38. The company has a market cap of $192.73 billion, a P/E ratio of 29.36, a price-to-earnings-growth ratio of 2.85 and a beta of 0.91. The stock’s fifty day moving average price is $447.88 and its 200-day moving average price is $461.27.

Linde (NASDAQ:LIN) last posted its earnings results 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 for the quarter, compared to the consensus estimate of $8.62 billion. During the same quarter in the prior year, the company earned $3.94 earnings per share. Linde’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. On average, equities analysts forecast that Linde PLC will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

The company also recently declared 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. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Wednesday, December 3rd. Linde’s dividend payout ratio is presently 40.19%.

Linde Company 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.