Arrowstreet Capital Limited Partnership Cuts Stake in Linde PLC $LIN

Arrowstreet Capital Limited Partnership lessened its holdings in shares of Linde PLC (NASDAQ:LIN) by 8.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 292,726 shares of the basic materials company’s stock after selling 28,520 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.06% of Linde worth $137,341,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in Linde in the second quarter valued at about $3,098,772,000. Nuveen LLC acquired a new position in shares of Linde during the first quarter valued at about $2,097,793,000. Deutsche Bank AG raised its position in shares of Linde by 172.4% in the 1st quarter. Deutsche Bank AG now owns 2,407,637 shares of the basic materials company’s stock valued at $1,121,092,000 after purchasing an additional 1,523,702 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Linde by 18.6% in the 1st quarter. Wellington Management Group LLP now owns 7,542,991 shares of the basic materials company’s stock valued at $3,511,751,000 after purchasing an additional 1,182,157 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in Linde by 5.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,600,297 shares of the basic materials company’s stock worth $4,470,284,000 after purchasing an additional 453,108 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Price Performance

NASDAQ:LIN opened at $408.79 on Wednesday. The firm’s fifty day moving average is $438.22 and its two-hundred day moving average is $459.08. The firm has a market cap of $190.88 billion, a price-to-earnings ratio of 29.07, a PEG ratio of 2.85 and a beta of 0.91. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.78 and a current ratio of 0.93. Linde PLC has a one year low of $404.27 and a one year high of $486.38.

Linde (NASDAQ:LIN) last released 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. The business 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%.The company’s revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the business posted $3.94 EPS. Linde has set its FY 2025 guidance at 16.350-16.450 EPS and its Q4 2025 guidance at 4.100-4.200 EPS. Research analysts expect that Linde PLC will post 16.54 EPS for the current year.

Linde Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd will be issued a $1.50 dividend. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $6.00 dividend on an annualized basis and a yield of 1.5%. Linde’s payout ratio is presently 40.19%.

Analyst Ratings Changes

LIN has been the subject of a number of research analyst reports. Citigroup decreased their price target on shares of Linde from $535.00 to $520.00 and set a “buy” rating for the company in a report on Monday, November 3rd. Sanford C. Bernstein reissued an “outperform” rating and issued a $516.00 target price on shares of Linde in a research report on Monday, November 3rd. JPMorgan Chase & Co. lowered their price target on Linde from $475.00 to $455.00 and set an “overweight” 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 report on Monday, November 3rd. Finally, UBS Group reduced their price objective 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, seven have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $508.83.

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.