Linde PLC $LIN Shares Acquired by Brookstone Capital Management

Brookstone Capital Management boosted its stake in Linde PLC (NASDAQ:LIN) by 34.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,435 shares of the basic materials company’s stock after acquiring an additional 4,702 shares during the period. Brookstone Capital Management’s holdings in Linde were worth $8,756,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in LIN. Breakwater Capital Group lifted its position in shares of Linde by 2.3% during the second quarter. Breakwater Capital Group now owns 980 shares of the basic materials company’s stock worth $460,000 after purchasing an additional 22 shares during the last quarter. Canopy Partners LLC increased its holdings in Linde by 2.9% in the second quarter. Canopy Partners LLC now owns 788 shares of the basic materials company’s stock valued at $370,000 after buying an additional 22 shares during the last quarter. Mitchell Sinkler & Starr PA raised its stake in Linde by 1.9% during the second quarter. Mitchell Sinkler & Starr PA now owns 1,192 shares of the basic materials company’s stock valued at $559,000 after buying an additional 22 shares in the last quarter. Clarendon Private LLC lifted its holdings in Linde by 1.0% during the 2nd quarter. Clarendon Private LLC now owns 2,273 shares of the basic materials company’s stock worth $1,066,000 after buying an additional 22 shares during the last quarter. Finally, Sound Financial Strategies Group LLC grew its position in shares of Linde by 1.4% in the 2nd quarter. Sound Financial Strategies Group LLC now owns 1,635 shares of the basic materials company’s stock worth $767,000 after acquiring an additional 22 shares in the last quarter. 82.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Weiss Ratings lowered Linde from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. 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, December 12th. Citigroup reduced 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. Seaport Res Ptn raised shares of Linde from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Finally, CICC Research started coverage on shares of Linde in a report on Wednesday, December 3rd. They issued an “outperform” rating and a $510.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $501.00.

Linde Trading Down 1.0%

Shares of NASDAQ:LIN opened at $420.82 on Friday. 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 company’s 50-day moving average price is $420.03 and its 200 day moving average price is $452.93. The company has a market cap of $196.50 billion, a PE ratio of 28.19, a P/E/G ratio of 3.26 and a beta of 0.85. Linde PLC has a fifty-two week low of $387.78 and a fifty-two week high of $486.38.

Linde (NASDAQ:LIN) last announced its quarterly 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. The company had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.62 billion. Linde had a net margin of 21.17% and a return on equity of 19.38%. Linde’s revenue was up 2.9% compared to the same quarter last year. During the same quarter last 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. Sell-side analysts anticipate that Linde PLC will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

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

Linde Profile

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.