Linde PLC $LIN Shares Sold by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich lowered its stake in Linde PLC (NASDAQ:LIN) by 8.2% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 747,083 shares of the basic materials company’s stock after selling 66,930 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned approximately 0.16% of Linde worth $351,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. eCIO Inc. acquired a new position in shares of Linde in the first quarter worth $45,000. Clal Insurance Enterprises Holdings Ltd increased its position in Linde by 445.0% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company’s stock worth $51,000 after purchasing an additional 89 shares in the last quarter. Nova Wealth Management Inc. acquired a new position in Linde in the 1st quarter valued at about $52,000. Costello Asset Management INC purchased a new position in Linde in the 1st quarter valued at about $54,000. Finally, Activest Wealth Management boosted its stake in shares of Linde by 5,800.0% during the 1st quarter. Activest Wealth Management now owns 118 shares of the basic materials company’s stock worth $55,000 after purchasing an additional 116 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Stock Up 1.0%

Shares of NASDAQ LIN opened at $412.74 on Monday. The stock has a market capitalization of $192.73 billion, a PE ratio of 29.36, a P/E/G ratio of 2.85 and a beta of 0.91. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 0.49. The firm has a fifty day moving average of $447.88 and a 200-day moving average of $461.27. Linde PLC has a 52-week low of $406.42 and a 52-week high of $486.38.

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

Linde Announces Dividend

The company also recently disclosed 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 of this dividend is Wednesday, December 3rd. Linde’s payout ratio is currently 40.19%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on LIN. JPMorgan Chase & Co. cut 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Linde in a research note on Wednesday, October 8th. Royal Bank Of Canada reduced their price target on Linde from $576.00 to $540.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. Citigroup lowered their price objective on Linde from $535.00 to $520.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Finally, UBS Group dropped their target price on Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price 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.