Linde PLC $LIN Position Cut by Burney Co.

Burney Co. reduced its holdings in Linde PLC (NASDAQ:LIN) by 36.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,150 shares of the basic materials company’s stock after selling 1,222 shares during the quarter. Burney Co.’s holdings in Linde were worth $1,021,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in LIN. Brighton Jones LLC bought a new stake in shares of Linde during the fourth quarter valued at about $2,752,000. Revolve Wealth Partners LLC raised its position in shares of Linde by 14.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company’s stock worth $325,000 after buying an additional 96 shares in the last quarter. Gamco Investors INC. ET AL acquired a new stake in shares of Linde in the 1st quarter worth approximately $220,000. CreativeOne Wealth LLC boosted its holdings in shares of Linde by 8.3% in the first quarter. CreativeOne Wealth LLC now owns 550 shares of the basic materials company’s stock valued at $256,000 after acquiring an additional 42 shares in the last quarter. Finally, Driehaus Capital Management LLC boosted its holdings in shares of Linde by 13.8% in the first quarter. Driehaus Capital Management LLC now owns 2,305 shares of the basic materials company’s stock valued at $1,073,000 after acquiring an additional 279 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Stock Performance

LIN opened at $424.77 on Monday. The firm has a market cap of $198.35 billion, a PE ratio of 28.45, a P/E/G ratio of 3.26 and a beta of 0.85. 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 business has a fifty day simple moving average of $419.51 and a 200-day simple moving average of $452.33. 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 earnings results 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. The company had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.62 billion. Linde had a return on equity of 19.38% and a net margin of 21.17%.Linde’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the firm 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. As a group, equities analysts predict that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on LIN. Mizuho set a $495.00 target price on Linde in a report on Thursday, December 11th. JPMorgan Chase & Co. dropped their price objective on Linde from $475.00 to $455.00 and set an “overweight” rating on the stock in a research note on Monday, November 3rd. Seaport Res Ptn upgraded Linde from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Weiss Ratings cut Linde from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, December 22nd. Finally, Royal Bank Of Canada dropped their price target on shares of Linde from $540.00 to $490.00 and set an “outperform” rating on the stock in a research report on Friday, December 12th. Two equities 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 data from MarketBeat.com, Linde presently has an average rating of “Buy” and a consensus target price of $501.00.

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.