Bartlett & CO. Wealth Management LLC Sells 13,863 Shares of Linde PLC $LIN

Bartlett & CO. Wealth Management LLC decreased its holdings in shares of Linde PLC (NASDAQ:LIN) by 5.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 235,879 shares of the basic materials company’s stock after selling 13,863 shares during the quarter. Linde comprises approximately 1.5% of Bartlett & CO. Wealth Management LLC’s portfolio, making the stock its 17th biggest holding. Bartlett & CO. Wealth Management LLC owned approximately 0.05% of Linde worth $112,043,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on LIN. BMO Capital Markets set a $501.00 price target on shares of Linde in a report on Wednesday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Linde in a report on Monday. Citigroup cut their price target on shares of Linde from $535.00 to $520.00 and set a “buy” rating for the company in a report on Monday, November 3rd. Seaport Res Ptn upgraded shares of Linde from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Finally, Royal Bank Of Canada decreased their price target on shares of Linde from $540.00 to $490.00 and set an “outperform” rating on the stock in a report on Friday, December 12th. Two research analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $501.00.

Linde Price Performance

LIN opened at $421.43 on Friday. 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 stock has a market capitalization of $196.79 billion, a P/E ratio of 28.23, a PEG ratio of 3.21 and a beta of 0.85. The stock has a 50-day moving average price of $422.46 and a 200-day moving average price of $454.31. Linde PLC has a 12-month low of $387.78 and a 12-month high of $486.38.

Linde (NASDAQ:LIN) last released its earnings results on Friday, October 31st. The basic materials company reported $4.21 earnings per share for the quarter, topping analysts’ consensus estimates of $4.18 by $0.03. The company had revenue of $8.62 billion during the quarter, compared to the consensus estimate of $8.62 billion. Linde had a return on equity of 19.38% and a net margin of 21.17%.Linde’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company 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. Equities analysts predict that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Announces Dividend

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

About Linde

Linde (NASDAQ: LIN) is a multinational industrial gases and engineering company that supplies gases, related technologies and services to a wide range of industries. The company traces its current form to the 2018 combination of Germany’s Linde AG and U.S.-based Praxair, creating one of the largest global providers of industrial, specialty and medical gases. Linde’s business model centers on production, processing and distribution of gases as well as the design and construction of the plants and equipment needed to produce them.

Core products and services include atmospheric and process gases such as oxygen, nitrogen and argon; hydrogen and helium; carbon dioxide; and a portfolio of higher‑value specialty and electronic gases.