Linde PLC $LIN Shares Sold by Baker Avenue Asset Management LP

Baker Avenue Asset Management LP decreased its holdings in shares of Linde PLC (NASDAQ:LIN) by 3.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,845 shares of the basic materials company’s stock after selling 1,346 shares during the quarter. Baker Avenue Asset Management LP’s holdings in Linde were worth $19,164,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC acquired a new position in Linde in the 4th quarter worth $2,752,000. Revolve Wealth Partners LLC increased its position in shares of Linde by 14.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company’s stock worth $325,000 after acquiring an additional 96 shares during the last quarter. AlphaCore Capital LLC acquired a new position in shares of Linde in the first quarter worth about $464,000. Savvy Advisors Inc. lifted its stake in shares of Linde by 9.5% in the first quarter. Savvy Advisors Inc. now owns 1,072 shares of the basic materials company’s stock worth $499,000 after acquiring an additional 93 shares in the last quarter. Finally, Townsquare Capital LLC boosted its holdings in Linde by 17.6% in the first quarter. Townsquare Capital LLC now owns 10,589 shares of the basic materials company’s stock valued at $4,931,000 after purchasing an additional 1,583 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on LIN. 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 research report on Monday, November 3rd. Royal Bank Of Canada reduced their price objective on shares of Linde from $576.00 to $540.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. CICC Research initiated coverage on shares of Linde in a research report on Wednesday, December 3rd. They issued an “outperform” rating and a $510.00 target price for the company. UBS Group cut their target price on shares of Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. Finally, Seaport Res Ptn raised shares of Linde from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $509.00.

Linde Trading Down 1.0%

Shares of LIN stock opened at $399.57 on Monday. Linde PLC has a 1 year low of $398.93 and a 1 year high of $486.38. The firm has a market capitalization of $186.58 billion, a PE ratio of 26.76, a price-to-earnings-growth ratio of 3.07 and a beta of 0.85. The stock has a fifty day moving average of $434.02 and a two-hundred day moving average of $457.93. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.69 and a current ratio of 0.82.

Linde (NASDAQ:LIN) last posted its quarterly earnings data 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 business had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.62 billion. During the same quarter last year, the business earned $3.94 earnings per share. 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. As a group, research analysts expect that Linde PLC will post 16.54 EPS for the current year.

Linde Dividend Announcement

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