Kestra Investment Management LLC Has $604,000 Stock Position in Linde PLC $LIN

Kestra Investment Management LLC lessened its holdings in shares of Linde PLC (NASDAQ:LIN) by 49.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,287 shares of the basic materials company’s stock after selling 1,257 shares during the period. Kestra Investment Management LLC’s holdings in Linde were worth $604,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in Linde by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 44,638,847 shares of the basic materials company’s stock worth $20,943,654,000 after purchasing an additional 292,492 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Linde by 5.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,600,297 shares of the basic materials company’s stock worth $4,470,284,000 after acquiring an additional 453,108 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Linde by 18.6% in the first quarter. Wellington Management Group LLP now owns 7,542,991 shares of the basic materials company’s stock worth $3,511,751,000 after acquiring an additional 1,182,157 shares during the period. Norges Bank bought a new stake in Linde in the second quarter valued at approximately $3,098,772,000. Finally, Invesco Ltd. increased its position in Linde by 4.8% during the 2nd quarter. Invesco Ltd. now owns 4,044,833 shares of the basic materials company’s stock valued at $1,897,755,000 after purchasing an additional 185,294 shares during the period. Institutional investors own 82.80% of the company’s stock.

Linde Price Performance

Shares of NASDAQ LIN opened at $416.99 on Tuesday. The firm has a market capitalization of $194.71 billion, a P/E ratio of 27.93, a P/E/G ratio of 3.19 and a beta of 0.85. The firm’s 50-day moving average price is $425.74 and its 200-day moving average price is $455.38. The company has a current ratio of 0.82, a quick ratio of 0.69 and a debt-to-equity ratio of 0.46. Linde PLC has a 1-year low of $387.78 and a 1-year high of $486.38.

Linde (NASDAQ:LIN) last issued its earnings results on Friday, October 31st. The basic materials company reported $4.21 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $8.62 billion. During the same period last year, the business posted $3.94 EPS. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. 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 anticipate that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. lowered their price target on shares of Linde from $475.00 to $455.00 and set an “overweight” rating for the company in a report on Monday, November 3rd. Sanford C. Bernstein reissued an “outperform” rating and set a $516.00 target price on shares of Linde in a research note on Monday, November 3rd. Citigroup cut their price target on shares of Linde from $535.00 to $520.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Royal Bank Of Canada decreased their price target on Linde from $540.00 to $490.00 and set an “outperform” rating for the company in a report on Friday. Finally, CICC Research initiated coverage on Linde in a research report on Wednesday, December 3rd. They set an “outperform” rating and a $510.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $501.00.

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.