Linde PLC $LIN Position Trimmed by Advisors Asset Management Inc.

Advisors Asset Management Inc. reduced its stake in Linde PLC (NASDAQ:LIN) by 27.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,874 shares of the basic materials company’s stock after selling 6,325 shares during the period. Advisors Asset Management Inc.’s holdings in Linde were worth $7,917,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LIN. eCIO Inc. acquired a new position in shares of Linde during the first quarter valued at approximately $45,000. Clal Insurance Enterprises Holdings Ltd raised its holdings 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 acquiring an additional 89 shares during the period. Nova Wealth Management Inc. purchased a new stake in shares of Linde in the 1st quarter valued at approximately $52,000. Costello Asset Management INC acquired a new position in Linde during the first quarter valued at $54,000. Finally, Activest Wealth Management raised its position in Linde by 5,800.0% during the first quarter. Activest Wealth Management now owns 118 shares of the basic materials company’s stock valued at $55,000 after buying an additional 116 shares during the period. 82.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on LIN shares. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $516.00 price target on shares of Linde in a research note on Monday, November 3rd. 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 report on Monday, November 3rd. Seaport Res Ptn upgraded Linde from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Citigroup cut their price target on Linde from $535.00 to $520.00 and set a “buy” rating for the company in a report on Monday, November 3rd. Finally, UBS Group lowered their price target on shares of Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a report 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 stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $508.83.

Linde Trading Up 0.0%

LIN stock opened at $407.85 on Wednesday. The company has a market cap of $190.45 billion, a P/E ratio of 29.01, a PEG 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. Linde PLC has a twelve month low of $406.09 and a twelve month high of $486.38. The business has a fifty day moving average of $445.23 and a 200-day moving average of $460.63.

Linde (NASDAQ:LIN) last posted its quarterly earnings results on Friday, October 31st. The basic materials company reported $4.21 earnings per share for the quarter, topping analysts’ consensus estimates of $4.18 by $0.03. The business had revenue of $8.62 billion during the quarter, compared to the consensus estimate of $8.62 billion. Linde had a net margin of 20.20% and a return on equity of 19.09%. Linde’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.94 earnings per share. 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 expect that Linde PLC will post 16.54 EPS for the current year.

Linde Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Wednesday, December 3rd. Linde’s dividend payout ratio (DPR) 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.