CX Institutional Acquires 1,878 Shares of Linde PLC $LIN

CX Institutional increased its stake in Linde PLC (NASDAQ:LIN) by 66.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,687 shares of the basic materials company’s stock after acquiring an additional 1,878 shares during the quarter. CX Institutional’s holdings in Linde were worth $2,226,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bartlett & CO. Wealth Management LLC boosted its stake in 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 during the period. Markel Group Inc. lifted its holdings in shares of Linde by 3.1% in the second quarter. Markel Group Inc. now owns 186,600 shares of the basic materials company’s stock worth $87,549,000 after buying an additional 5,600 shares in the last quarter. Destiny Wealth Partners LLC bought a new position in shares of Linde in the second quarter valued at approximately $465,000. Cerity Partners LLC boosted its position in shares of Linde by 12.3% in the third quarter. Cerity Partners LLC now owns 205,318 shares of the basic materials company’s stock valued at $97,526,000 after acquiring an additional 22,489 shares during the period. Finally, OMERS ADMINISTRATION Corp grew its stake in Linde by 27.2% during the second quarter. OMERS ADMINISTRATION Corp now owns 417,001 shares of the basic materials company’s stock valued at $195,649,000 after acquiring an additional 89,129 shares in the last quarter. 82.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on LIN shares. UBS Group reiterated a “buy” rating on shares of Linde in a research note on Friday, December 12th. Citigroup lowered their price objective on Linde from $535.00 to $520.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. CICC Research began coverage on Linde in a research report on Wednesday, December 3rd. They set an “outperform” rating and a $510.00 target price for the company. Sanford C. Bernstein restated an “outperform” rating and issued a $516.00 target price on shares of Linde in a research note on Monday, November 3rd. Finally, Seaport Res Ptn upgraded Linde from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. 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 stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $501.00.

Linde Trading Up 1.3%

NASDAQ LIN opened at $439.69 on Friday. The stock’s 50-day simple moving average is $417.19 and its two-hundred day simple moving average is $450.52. Linde PLC has a twelve month low of $387.78 and a twelve 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 company has a market capitalization of $205.31 billion, a price-to-earnings ratio of 29.45, a PEG 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. Research analysts forecast that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd were issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Wednesday, December 3rd. Linde’s payout ratio is presently 40.19%.

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.