Linde PLC $LIN Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. cut its stake in shares of Linde PLC (NASDAQ:LIN) by 19.3% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 13,209 shares of the basic materials company’s stock after selling 3,157 shares during the period. Edgestream Partners L.P.’s holdings in Linde were worth $6,197,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Norges Bank purchased a new position in shares of Linde in the second quarter valued at $3,098,772,000. Nuveen LLC acquired a new position in Linde in the 1st quarter worth $2,097,793,000. Deutsche Bank AG boosted its position in 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 buying an additional 1,523,702 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Linde by 18.6% during the first 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 acquiring an additional 1,182,157 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Linde by 5.0% during the first 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 acquiring an additional 453,108 shares during the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Linde Stock Performance

Shares of LIN opened at $408.79 on Wednesday. The stock has a market capitalization of $190.88 billion, a PE ratio of 29.07, a price-to-earnings-growth ratio of 2.85 and a beta of 0.91. The business’s fifty day moving average price is $438.22 and its 200 day moving average price is $459.08. 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 12-month low of $404.27 and a 12-month 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 analysts’ consensus estimates of $4.18 by $0.03. Linde had a net margin of 20.20% and a return on equity of 19.09%. The company had revenue of $8.62 billion for the quarter, compared to analysts’ expectations of $8.62 billion. During the same period in the prior year, the company earned $3.94 earnings per share. The firm’s revenue was up 2.9% compared to the same quarter last year. Linde has set its FY 2025 guidance at 16.350-16.450 EPS and its Q4 2025 guidance at 4.100-4.200 EPS. Equities research analysts forecast that Linde PLC will post 16.54 EPS for the current year.

Linde Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts recently commented on LIN shares. CICC Research assumed coverage on Linde in a report on Wednesday. They issued an “outperform” rating for the company. 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 research report on Monday, November 3rd. Seaport Res Ptn raised shares of Linde from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Sanford C. Bernstein reiterated an “outperform” rating and set a $516.00 price objective on shares of Linde in a research note on Monday, November 3rd. Finally, JPMorgan Chase & Co. dropped their target price 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. Two research 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, the stock currently has a consensus rating of “Buy” and an average price target of $508.83.

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.