Chicago Capital LLC Sells 1,857 Shares of Linde PLC $LIN

Chicago Capital LLC lessened its stake in shares of Linde PLC (NASDAQ:LIN) by 49.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,880 shares of the basic materials company’s stock after selling 1,857 shares during the quarter. Chicago Capital LLC’s holdings in Linde were worth $893,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Darwin Wealth Management LLC bought a new position in shares of Linde in the second quarter valued at approximately $25,000. YANKCOM Partnership lifted its stake in Linde by 195.2% in the 3rd quarter. YANKCOM Partnership now owns 62 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 41 shares in the last quarter. Albion Financial Group UT lifted its stake in Linde by 87.8% in the 3rd quarter. Albion Financial Group UT now owns 77 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 36 shares in the last quarter. eCIO Inc. bought a new position in Linde in the 1st quarter valued at $45,000. Finally, Howard Hughes Medical Institute bought a new position in shares of Linde in the second quarter worth $48,000. 82.80% of the stock is owned by hedge funds and other institutional investors.

Linde Trading Up 0.9%

Shares of LIN stock opened at $437.16 on Wednesday. The business has a 50-day moving average price of $416.95 and a two-hundred day moving average price of $450.71. Linde PLC has a 12-month low of $387.78 and a 12-month 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. The firm has a market cap of $204.13 billion, a P/E ratio of 29.28, a price-to-earnings-growth ratio of 3.06 and a beta of 0.85.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Friday, October 31st. The basic materials company reported $4.21 earnings per share for the quarter, beating analysts’ consensus estimates of $4.18 by $0.03. The company had revenue of $8.62 billion for the quarter, compared to analysts’ expectations 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 last year, the firm posted $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. Equities analysts anticipate that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Announces Dividend

The firm 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 of this dividend was Wednesday, December 3rd. This represents a $6.00 annualized dividend and a dividend yield of 1.4%. Linde’s dividend payout ratio (DPR) is 40.19%.

Analyst Upgrades and Downgrades

LIN has been the subject of several research analyst reports. CICC Research started coverage on Linde in a research note on Wednesday, December 3rd. They set an “outperform” rating and a $510.00 price objective for the company. Seaport Res Ptn raised Linde from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Royal Bank Of Canada dropped their price target on Linde from $540.00 to $490.00 and set an “outperform” rating for the company in a research report on Friday, December 12th. Sanford C. Bernstein restated an “outperform” rating and issued a $516.00 price objective on shares of Linde in a research report on Monday, November 3rd. Finally, BMO Capital Markets set a $501.00 target price on shares of Linde in a research note on Wednesday, December 17th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Linde currently has an average rating of “Buy” and an average price target of $501.00.

Linde Company 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.