Addenda Capital Inc. Has $17.97 Million Position in Linde PLC $LIN

Addenda Capital Inc. boosted its holdings in Linde PLC (NASDAQ:LIN) by 41.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,834 shares of the basic materials company’s stock after buying an additional 11,112 shares during the quarter. Addenda Capital Inc.’s holdings in Linde were worth $17,971,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in LIN. Norges Bank bought a new position in shares of Linde during the second quarter valued at $3,098,772,000. Assenagon Asset Management S.A. increased its holdings in Linde by 82.5% in the third quarter. Assenagon Asset Management S.A. now owns 1,683,248 shares of the basic materials company’s stock valued at $799,543,000 after purchasing an additional 760,954 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in Linde by 18.5% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,972,515 shares of the basic materials company’s stock valued at $1,394,198,000 after purchasing an additional 463,977 shares during the period. Price T Rowe Associates Inc. MD raised its position in Linde by 5.0% during the 1st 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 purchasing an additional 453,108 shares during the last quarter. Finally, Alyeska Investment Group L.P. bought a new position in Linde during the 1st quarter worth $197,019,000. 82.80% of the stock is owned by institutional investors.

Linde Trading Down 0.8%

Shares of Linde stock opened at $418.99 on Friday. The company has a market capitalization of $195.65 billion, a P/E ratio of 28.06, a price-to-earnings-growth ratio of 3.24 and a beta of 0.85. The stock has a fifty day simple moving average of $423.11 and a 200 day simple moving average of $454.61. Linde PLC has a 12-month low of $387.78 and a 12-month high of $486.38. 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 (NASDAQ:LIN) last posted its quarterly earnings data on Friday, October 31st. The basic materials company reported $4.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 period in the previous year, the firm earned $3.94 EPS. The business’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. On average, sell-side analysts anticipate that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. UBS Group reiterated a “buy” rating on shares of Linde in a research report on Friday, December 12th. BMO Capital Markets set a $501.00 price objective on Linde in a research note on Wednesday. JPMorgan Chase & Co. reduced their target price on Linde from $475.00 to $455.00 and set an “overweight” rating on the stock in a report on Monday, November 3rd. CICC Research started coverage on shares of Linde in a report on Wednesday, December 3rd. They set an “outperform” rating and a $510.00 price target for the company. Finally, Citigroup dropped 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. Two research analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $501.00.

About Linde

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.