Advisory Services Network LLC Purchases 1,498 Shares of Linde PLC $LIN

Advisory Services Network LLC lifted its stake in shares of Linde PLC (NASDAQ:LIN) by 12.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,852 shares of the basic materials company’s stock after purchasing an additional 1,498 shares during the quarter. Advisory Services Network LLC’s holdings in Linde were worth $6,376,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Bartlett & CO. Wealth Management LLC grew its position in 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 worth $117,174,000 after acquiring an additional 3,230 shares during the last quarter. Markel Group Inc. raised its position in Linde by 3.1% during the 2nd quarter. Markel Group Inc. now owns 186,600 shares of the basic materials company’s stock valued at $87,549,000 after purchasing an additional 5,600 shares during the last quarter. Destiny Wealth Partners LLC purchased a new stake in Linde in the 2nd quarter worth approximately $465,000. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in Linde by 25.9% in the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 23,558 shares of the basic materials company’s stock worth $10,970,000 after buying an additional 4,839 shares during the period. Finally, OMERS ADMINISTRATION Corp raised its holdings in shares of Linde by 27.2% during the second quarter. OMERS ADMINISTRATION Corp now owns 417,001 shares of the basic materials company’s stock valued at $195,649,000 after acquiring an additional 89,129 shares in the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Linde Stock Up 3.2%

Linde stock opened at $416.24 on Monday. The firm has a market cap of $194.36 billion, a price-to-earnings ratio of 27.88, a price-to-earnings-growth ratio of 3.19 and a beta of 0.85. Linde PLC has a 52 week low of $387.78 and a 52 week high of $486.38. The company has a quick ratio of 0.69, a current ratio of 0.82 and a debt-to-equity ratio of 0.46. The business’s 50-day moving average price is $426.77 and its 200 day moving average price is $455.71.

Linde (NASDAQ:LIN) last issued its quarterly earnings results on Friday, October 31st. The basic materials company reported $4.21 EPS for the quarter, topping the consensus estimate of $4.18 by $0.03. The firm had revenue of $8.62 billion during the quarter, compared to analysts’ expectations of $8.62 billion. Linde had a return on equity of 19.38% and a net margin of 21.17%.The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the previous year, the business earned $3.94 earnings per share. 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, sell-side analysts anticipate that Linde PLC will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Wednesday, December 3rd. Linde’s dividend payout ratio (DPR) is 40.19%.

Analysts Set New Price Targets

A number of analysts have recently commented on LIN shares. Royal Bank Of Canada dropped their target price on shares of Linde from $540.00 to $490.00 and set an “outperform” rating on the stock in a report on Friday. Weiss Ratings reissued a “buy (b-)” rating on shares of Linde in a research report on Monday, December 8th. Seaport Res Ptn upgraded Linde from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. UBS Group reissued a “buy” rating on shares of Linde in a report on Friday. Finally, JPMorgan Chase & Co. decreased their target price on shares of Linde from $475.00 to $455.00 and set an “overweight” rating on the stock in a research report on Monday, November 3rd. Two equities research analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $501.00.

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.