Linde PLC $LIN Shares Sold by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. lowered its position in Linde PLC (NASDAQ:LIN) by 9.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 395,135 shares of the basic materials company’s stock after selling 39,100 shares during the period. Adage Capital Partners GP L.L.C. owned approximately 0.08% of Linde worth $185,389,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. AQR Capital Management LLC lifted its stake in Linde by 10.4% during the 2nd quarter. AQR Capital Management LLC now owns 182,237 shares of the basic materials company’s stock valued at $84,826,000 after acquiring an additional 17,196 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of Linde by 1.1% during the second quarter. Ameriprise Financial Inc. now owns 3,605,118 shares of the basic materials company’s stock worth $1,690,961,000 after purchasing an additional 40,216 shares during the last quarter. CTC Alternative Strategies Ltd. lifted its position in Linde by 304.0% during the second quarter. CTC Alternative Strategies Ltd. now owns 2,020 shares of the basic materials company’s stock valued at $948,000 after purchasing an additional 1,520 shares during the period. Strategic Wealth Investment Group LLC lifted its position in 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 during the period. Finally, Raymond James Financial Inc. boosted its holdings 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 valued at $353,915,000 after purchasing an additional 8,928 shares during the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. reduced their price objective on Linde from $475.00 to $455.00 and set an “overweight” rating for the company in a research note on Monday, November 3rd. Mizuho set a $495.00 target price on Linde in a report on Thursday. Seaport Res Ptn raised Linde from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. CICC Research initiated coverage on Linde in a research report on Wednesday, December 3rd. They issued an “outperform” rating and a $510.00 price objective on the stock. Finally, Royal Bank Of Canada dropped their price objective on shares of Linde from $540.00 to $490.00 and set an “outperform” rating on the stock in a research note on Friday. 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 MarketBeat, Linde has an average rating of “Buy” and an average target price of $501.00.

Linde Stock Up 3.2%

Linde stock opened at $416.24 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.82 and a quick ratio of 0.69. The stock has a market capitalization of $194.36 billion, a PE ratio of 27.88, a price-to-earnings-growth ratio of 3.09 and a beta of 0.85. The business has a 50 day simple moving average of $426.77 and a 200-day simple moving average of $455.84. Linde PLC has a 12 month low of $387.78 and a 12 month high of $486.38.

Linde (NASDAQ:LIN) last announced its 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. The firm had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.62 billion. Linde had a return on equity of 19.38% and a net margin of 21.17%.The business’s revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the firm posted $3.94 EPS. Linde has set its FY 2025 guidance at 16.350-16.450 EPS and its Q4 2025 guidance at 4.100-4.200 EPS. On average, analysts anticipate that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be paid a dividend of $1.50 per share. 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 1.4%. Linde’s payout ratio is currently 40.19%.

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.