Linde PLC $LIN Shares Bought by Braun Stacey Associates Inc.

Braun Stacey Associates Inc. grew its stake in shares of Linde PLC (NASDAQ:LIN) by 5.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 29,970 shares of the basic materials company’s stock after purchasing an additional 1,653 shares during the period. Braun Stacey Associates Inc.’s holdings in Linde were worth $14,236,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in LIN. Breakwater Capital Group grew its position in 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 buying an additional 22 shares during the period. Canopy Partners LLC boosted its stake in shares of Linde by 2.9% during the 2nd quarter. Canopy Partners LLC now owns 788 shares of the basic materials company’s stock worth $370,000 after acquiring an additional 22 shares in the last quarter. Mitchell Sinkler & Starr PA grew its holdings in shares of Linde by 1.9% in the 2nd quarter. Mitchell Sinkler & Starr PA now owns 1,192 shares of the basic materials company’s stock worth $559,000 after acquiring an additional 22 shares during the period. Clarendon Private LLC increased its position in shares of Linde by 1.0% in the second quarter. Clarendon Private LLC now owns 2,273 shares of the basic materials company’s stock valued at $1,066,000 after buying an additional 22 shares in the last quarter. Finally, Sound Financial Strategies Group LLC raised its stake in shares of Linde by 1.4% during the 2nd quarter. Sound Financial Strategies Group LLC now owns 1,635 shares of the basic materials company’s stock worth $767,000 after buying an additional 22 shares during the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Analyst Ratings Changes

LIN has been the subject of several recent research reports. Mizuho set a $495.00 target price on shares of Linde in a report on Thursday, December 11th. UBS Group reiterated a “buy” rating on shares of Linde in a report on Friday, December 12th. Weiss Ratings restated a “hold (c+)” rating on shares of Linde in a research report on Monday. JPMorgan Chase & Co. lowered their price target on shares of Linde from $475.00 to $455.00 and set an “overweight” rating for the company in a report on Monday, November 3rd. Finally, CICC Research started coverage on Linde in a research report on Wednesday, December 3rd. They issued an “outperform” rating and a $510.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $501.00.

Linde Stock Performance

NASDAQ:LIN opened at $426.39 on Friday. The company has a market cap of $199.10 billion, a P/E ratio of 28.56, a P/E/G ratio of 3.27 and a beta of 0.85. The firm’s 50 day moving average is $417.63 and its two-hundred day moving average is $451.40. Linde PLC has a fifty-two week low of $387.78 and a fifty-two week high of $486.38. The company has a quick ratio of 0.69, a current ratio of 0.82 and a debt-to-equity ratio of 0.46.

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

Linde Dividend Announcement

The company also recently declared 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 was Wednesday, December 3rd. This represents a $6.00 annualized dividend and a yield of 1.4%. Linde’s dividend payout ratio is currently 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.