Ameriprise Financial Inc. Buys 40,216 Shares of Linde PLC $LIN

Ameriprise Financial Inc. boosted its stake in Linde PLC (NASDAQ:LIN) by 1.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,605,118 shares of the basic materials company’s stock after buying an additional 40,216 shares during the period. Ameriprise Financial Inc. owned 0.77% of Linde worth $1,690,961,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. CTC Alternative Strategies Ltd. raised its position in shares of Linde by 304.0% in the 2nd quarter. CTC Alternative Strategies Ltd. now owns 2,020 shares of the basic materials company’s stock worth $948,000 after acquiring an additional 1,520 shares in the last quarter. Strategic Wealth Investment Group LLC boosted its position in shares of Linde by 6.6% during the second quarter. Strategic Wealth Investment Group LLC now owns 2,746 shares of the basic materials company’s stock valued at $1,288,000 after purchasing an additional 169 shares in the last quarter. Raymond James Financial Inc. grew its stake in Linde by 1.2% in the second quarter. Raymond James Financial Inc. now owns 754,328 shares of the basic materials company’s stock worth $353,915,000 after purchasing an additional 8,928 shares during the period. Darwin Wealth Management LLC bought a new position in Linde in the second quarter worth $25,000. Finally, Schear Investment Advisers LLC raised its holdings in Linde by 1.5% in the second quarter. Schear Investment Advisers LLC now owns 4,398 shares of the basic materials company’s stock worth $2,063,000 after purchasing an additional 64 shares in the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. JPMorgan Chase & Co. dropped their target price on shares of Linde from $475.00 to $455.00 and set an “overweight” rating on the stock in a report on Monday, November 3rd. CICC Research assumed coverage on shares of Linde in a research note on Wednesday, December 3rd. They set an “outperform” rating and a $510.00 price objective on the stock. Citigroup cut their price objective on shares of Linde from $535.00 to $520.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. UBS Group reiterated a “buy” rating on shares of Linde in a report on Friday. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Linde in a research note on Monday. Two research analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $501.00.

Linde Stock Up 3.2%

NASDAQ:LIN opened at $416.24 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.69 and a current ratio of 0.82. The firm has a market cap of $194.36 billion, a P/E ratio of 27.88, a P/E/G ratio of 3.09 and a beta of 0.85. Linde PLC has a fifty-two week low of $387.78 and a fifty-two week high of $486.38. The firm has a 50-day simple moving average of $426.77 and a two-hundred day simple moving average of $455.84.

Linde (NASDAQ:LIN) last issued its earnings results on Friday, October 31st. The basic materials company reported $4.21 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $8.62 billion. During the same quarter in the prior year, the firm posted $3.94 earnings per share. The business’s revenue 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 announced a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd will be paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 1.4%. The ex-dividend date is Wednesday, December 3rd. Linde’s dividend payout ratio (DPR) is currently 40.19%.

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.