Capital Asset Advisory Services LLC Grows Stock Holdings in Linde PLC $LIN

Capital Asset Advisory Services LLC grew its holdings in shares of Linde PLC (NASDAQ:LIN) by 16.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,743 shares of the basic materials company’s stock after purchasing an additional 1,256 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in Linde were worth $4,153,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Darwin Wealth Management LLC purchased a new position in Linde during the second quarter worth about $25,000. eCIO Inc. acquired a new position in shares of Linde during the 1st quarter valued at about $45,000. Howard Hughes Medical Institute purchased a new position in shares of Linde during the 2nd quarter worth about $48,000. Nova Wealth Management Inc. acquired a new stake in shares of Linde in the first quarter worth approximately $52,000. Finally, Activest Wealth Management grew its holdings in Linde by 5,800.0% in the first quarter. Activest Wealth Management now owns 118 shares of the basic materials company’s stock valued at $55,000 after purchasing an additional 116 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analysts Set New Price Targets

LIN has been the topic of a number of recent analyst reports. Royal Bank Of Canada cut their price target on shares of Linde from $540.00 to $490.00 and set an “outperform” rating on the stock in a research note on Friday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Linde in a research report on Monday, December 8th. CICC Research started coverage on Linde in a research report on Wednesday, December 3rd. They set an “outperform” rating and a $510.00 price target for the company. UBS Group restated a “buy” rating on shares of Linde in a report on Friday. Finally, Citigroup reduced their price objective on Linde from $535.00 to $520.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. Two analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company. According to data from MarketBeat.com, Linde presently has a consensus rating of “Buy” and a consensus price target of $501.00.

Linde Stock Up 0.2%

Shares of Linde stock opened at $416.99 on Tuesday. Linde PLC has a twelve month low of $387.78 and a twelve month high of $486.38. The stock has a market cap of $194.71 billion, a price-to-earnings ratio of 27.93, a price-to-earnings-growth ratio of 3.19 and a beta of 0.85. The company has a current ratio of 0.82, a quick ratio of 0.69 and a debt-to-equity ratio of 0.46. The company has a fifty day moving average price of $425.74 and a 200 day moving average price of $455.38.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Friday, October 31st. The basic materials company reported $4.21 EPS for the quarter, topping 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 company had revenue of $8.62 billion for the quarter, compared to analysts’ expectations of $8.62 billion. During the same quarter in the previous year, the firm posted $3.94 earnings per share. The firm’s quarterly 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. Equities research analysts forecast that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Announces Dividend

The company also recently declared 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 of this dividend is Wednesday, December 3rd. Linde’s dividend payout ratio (DPR) is presently 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.