Brown Advisory Inc. Raises Position in Linde PLC $LIN

Brown Advisory Inc. boosted its position in Linde PLC (NASDAQ:LIN) by 4.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 122,534 shares of the basic materials company’s stock after purchasing an additional 4,673 shares during the period. Brown Advisory Inc.’s holdings in Linde were worth $57,491,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of LIN. Breakwater Capital Group lifted its position in shares of Linde by 2.3% during the 2nd quarter. Breakwater Capital Group now owns 980 shares of the basic materials company’s stock valued at $460,000 after buying an additional 22 shares during the last quarter. Canopy Partners LLC raised its stake in Linde by 2.9% in the 2nd quarter. Canopy Partners LLC now owns 788 shares of the basic materials company’s stock valued at $370,000 after acquiring an additional 22 shares during the period. Mitchell Sinkler & Starr PA lifted its holdings in Linde by 1.9% during the second quarter. Mitchell Sinkler & Starr PA now owns 1,192 shares of the basic materials company’s stock valued at $559,000 after purchasing an additional 22 shares during the last quarter. Clarendon Private LLC lifted its holdings in Linde by 1.0% during the second quarter. Clarendon Private LLC now owns 2,273 shares of the basic materials company’s stock valued at $1,066,000 after purchasing an additional 22 shares during the last quarter. Finally, Sound Financial Strategies Group LLC boosted its position in Linde by 1.4% during the second quarter. Sound Financial Strategies Group LLC now owns 1,635 shares of the basic materials company’s stock worth $767,000 after purchasing an additional 22 shares during the period. 82.80% of the stock is owned by institutional investors.

Linde Stock Performance

NASDAQ LIN opened at $399.57 on Friday. The company’s 50 day simple moving average is $434.02 and its two-hundred day simple moving average is $457.92. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.82 and a quick ratio of 0.69. Linde PLC has a 1 year low of $398.93 and a 1 year high of $486.38. The stock has a market capitalization of $186.58 billion, a PE ratio of 26.76, a P/E/G ratio of 3.10 and a beta of 0.85.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Friday, October 31st. The basic materials company reported $4.21 EPS for the quarter, beating analysts’ consensus estimates of $4.18 by $0.03. Linde had a net margin of 21.17% and a return on equity of 19.38%. The firm had revenue of $8.62 billion during the quarter, compared to analyst estimates of $8.62 billion. During the same period in the previous year, the business earned $3.94 EPS. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. Linde has set its FY 2025 guidance at 16.350-16.450 EPS and its Q4 2025 guidance at 4.100-4.200 EPS. Analysts predict that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Announces Dividend

The firm 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 annualized dividend and a dividend yield of 1.5%. Linde’s dividend payout ratio (DPR) is presently 40.19%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on LIN. Seaport Res Ptn raised shares of Linde from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Linde in a report on Monday. Sanford C. Bernstein restated an “outperform” rating and set a $516.00 target price on shares of Linde in a research 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, JPMorgan Chase & Co. decreased their price objective on Linde from $475.00 to $455.00 and set an “overweight” rating on the stock in a research note on Monday, November 3rd. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Linde has an average rating of “Buy” and an average price target of $509.00.

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.