Linde PLC $LIN Shares Acquired by Cerity Partners LLC

Cerity Partners LLC increased its stake in shares of Linde PLC (NASDAQ:LIN) by 12.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 182,829 shares of the basic materials company’s stock after buying an additional 19,952 shares during the quarter. Cerity Partners LLC’s holdings in Linde were worth $85,779,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC lifted its position in shares of Linde by 1.3% during the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 249,742 shares of the basic materials company’s stock valued at $117,174,000 after buying an additional 3,230 shares in the last quarter. Markel Group Inc. raised its position in Linde by 3.1% during the second quarter. Markel Group Inc. now owns 186,600 shares of the basic materials company’s stock worth $87,549,000 after acquiring an additional 5,600 shares during the period. Destiny Wealth Partners LLC purchased a new position in Linde during the second quarter valued at $465,000. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in Linde by 25.9% during the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 23,558 shares of the basic materials company’s stock valued at $10,970,000 after purchasing an additional 4,839 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp grew its position in shares of Linde by 27.2% in the second quarter. OMERS ADMINISTRATION Corp now owns 417,001 shares of the basic materials company’s stock valued at $195,649,000 after purchasing an additional 89,129 shares during the period. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Linde Trading Down 1.0%

LIN opened at $399.57 on Monday. The firm has a market capitalization of $186.58 billion, a price-to-earnings ratio of 26.76, a price-to-earnings-growth ratio of 3.07 and a beta of 0.85. The company’s 50 day simple moving average is $434.02 and its two-hundred day simple moving average is $457.93. Linde PLC has a 1-year low of $398.93 and a 1-year high of $486.38. 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 (NASDAQ:LIN) last posted its quarterly earnings results on Friday, October 31st. The basic materials company reported $4.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.18 by $0.03. Linde had a return on equity of 19.38% and a net margin of 21.17%.The business had revenue of $8.62 billion during the quarter, compared to analyst estimates of $8.62 billion. During the same period in the prior year, the business earned $3.94 earnings per share. The business’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. Analysts expect that Linde PLC will post 16.54 EPS for the current fiscal 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. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.5%. Linde’s dividend payout ratio (DPR) is 40.19%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on LIN. JPMorgan Chase & Co. reduced their price target 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. Seaport Res Ptn raised Linde from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Weiss Ratings restated a “buy (b-)” rating on shares of Linde in a research report on Monday, December 1st. Royal Bank Of Canada dropped their price target on Linde from $576.00 to $540.00 and set an “outperform” rating for the company in a research report on Thursday, November 6th. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $516.00 price objective on shares of Linde in a research note on Monday, November 3rd. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Linde currently has a consensus rating of “Buy” and a consensus target price of $509.00.

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.