Exchange Traded Concepts LLC Sells 1,925 Shares of Linde PLC $LIN

Exchange Traded Concepts LLC decreased its position in shares of Linde PLC (NASDAQ:LIN) by 33.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,766 shares of the basic materials company’s stock after selling 1,925 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Linde were worth $1,789,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Bartlett & CO. Wealth Management LLC boosted its position in shares of Linde by 1.3% in the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 249,742 shares of the basic materials company’s stock worth $117,174,000 after purchasing an additional 3,230 shares in the last quarter. Markel Group Inc. increased its position in Linde by 3.1% during the 2nd quarter. Markel Group Inc. now owns 186,600 shares of the basic materials company’s stock valued at $87,549,000 after buying an additional 5,600 shares in the last quarter. Destiny Wealth Partners LLC acquired a new stake in Linde in the second quarter worth about $465,000. OMERS ADMINISTRATION Corp boosted its holdings in Linde by 27.2% in the second quarter. OMERS ADMINISTRATION Corp now owns 417,001 shares of the basic materials company’s stock worth $195,649,000 after acquiring an additional 89,129 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. grew its stake in shares of Linde by 25.9% during the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 23,558 shares of the basic materials company’s stock worth $10,970,000 after acquiring an additional 4,839 shares during the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Linde Trading Down 0.0%

Shares of Linde stock opened at $424.77 on Friday. The stock has a market cap of $198.35 billion, a PE ratio of 28.45, a price-to-earnings-growth ratio of 3.26 and a beta of 0.85. The firm has a fifty day moving average price of $419.51 and a 200 day moving average price of $452.60. Linde PLC has a 1 year low of $387.78 and a 1 year high of $486.38. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.82 and a quick ratio of 0.69.

Linde (NASDAQ:LIN) last posted 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%. The firm’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the company 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. Equities research analysts predict that Linde PLC will post 16.54 earnings per share for the current year.

Linde Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd were given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 1.4%. The ex-dividend date was Wednesday, December 3rd. Linde’s dividend payout ratio (DPR) is currently 40.19%.

Wall Street Analyst Weigh In

A number of research firms recently commented on LIN. CICC Research began coverage on shares of Linde in a research note on Wednesday, December 3rd. They issued an “outperform” rating and a $510.00 target price for the company. Royal Bank Of Canada decreased their price target on shares of Linde from $540.00 to $490.00 and set an “outperform” rating for the company in a report on Friday, December 12th. Weiss Ratings lowered shares of Linde from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. Sanford C. Bernstein reissued an “outperform” rating and issued a $516.00 target price on shares of Linde in a research report on Monday, November 3rd. Finally, BMO Capital Markets set a $501.00 price target on Linde in a research report on Wednesday, December 17th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $501.00.

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.