Linde PLC $LIN Shares Sold by Calamos Wealth Management LLC

Calamos Wealth Management LLC trimmed its holdings in Linde PLC (NASDAQ:LIN) by 8.6% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 33,012 shares of the basic materials company’s stock after selling 3,109 shares during the period. Calamos Wealth Management LLC’s holdings in Linde were worth $15,681,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Linde by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 44,638,847 shares of the basic materials company’s stock valued at $20,943,654,000 after acquiring an additional 292,492 shares during the last quarter. Norges Bank acquired a new position in shares of Linde in the second quarter valued at approximately $3,098,772,000. Invesco Ltd. raised its stake in shares of Linde by 4.8% during the second quarter. Invesco Ltd. now owns 4,044,833 shares of the basic materials company’s stock worth $1,897,755,000 after purchasing an additional 185,294 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Linde by 0.7% during the second quarter. Franklin Resources Inc. now owns 3,718,376 shares of the basic materials company’s stock worth $1,744,588,000 after purchasing an additional 24,046 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Linde by 1.1% during the second quarter. Ameriprise Financial Inc. now owns 3,605,118 shares of the basic materials company’s stock worth $1,690,961,000 after purchasing an additional 40,216 shares during the period. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Linde Price Performance

Shares of NASDAQ:LIN opened at $428.36 on Wednesday. The firm has a market capitalization of $200.02 billion, a price-to-earnings ratio of 28.69, a price-to-earnings-growth ratio of 3.27 and a beta of 0.85. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.82 and a quick ratio of 0.69. The business’s 50 day simple moving average is $418.58 and its 200-day simple moving average is $451.75. Linde PLC has a 12 month low of $387.78 and a 12 month high of $486.38.

Linde (NASDAQ:LIN) last posted its earnings results on Friday, October 31st. The basic materials company reported $4.21 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 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 period in the previous 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. As a group, equities analysts forecast that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd were issued 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 40.19%.

Analysts Set New Price Targets

Several brokerages have issued reports on LIN. Weiss Ratings reissued a “hold (c+)” rating on shares of Linde in a research note on Monday. Mizuho set a $495.00 price target on shares of Linde in a research note on Thursday, December 11th. Royal Bank Of Canada cut 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. JPMorgan Chase & Co. lowered their price objective on Linde from $475.00 to $455.00 and set an “overweight” rating on the stock in a report on Monday, November 3rd. Finally, Seaport Res Ptn raised Linde from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Two equities 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 company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target 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.