Linde PLC (NASDAQ:LIN) Given Average Rating of “Buy” by Analysts

Linde PLC (NASDAQ:LIN) has been assigned an average recommendation of “Buy” from the nine analysts that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $499.25.

LIN has been the topic of a number of research analyst reports. Seaport Res Ptn raised Linde from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. CICC Research assumed coverage on shares of Linde in a report on Wednesday, December 3rd. They issued an “outperform” rating and a $510.00 target price on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Linde in a research report on Monday, December 29th. UBS Group reaffirmed a “buy” rating on shares of Linde in a research note on Friday, December 12th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $516.00 price target on shares of Linde in a report on Monday, November 3rd.

Hedge Funds Weigh In On Linde

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Darwin Wealth Management LLC bought a new position in shares of Linde during the 2nd quarter valued at approximately $25,000. Marquette Asset Management LLC purchased a new stake in Linde during the third quarter valued at $27,000. YANKCOM Partnership lifted its position in Linde by 195.2% during the third quarter. YANKCOM Partnership now owns 62 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 41 shares during the last quarter. KERR FINANCIAL PLANNING Corp bought a new position in Linde during the third quarter valued at $29,000. Finally, Saranac Partners Ltd purchased a new position in shares of Linde in the 3rd quarter worth $29,000. 82.80% of the stock is owned by institutional investors.

Linde Trading Down 0.1%

Shares of Linde stock opened at $443.63 on Tuesday. Linde has a fifty-two week low of $387.78 and a fifty-two week high of $486.38. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.69 and a current ratio of 0.82. The company has a market capitalization of $207.15 billion, a P/E ratio of 29.71, a P/E/G ratio of 3.11 and a beta of 0.85. The company has a fifty day moving average of $418.32 and a 200 day moving average of $450.10.

Linde (NASDAQ:LIN) last posted its quarterly earnings results on Friday, October 31st. The basic materials company reported $4.21 EPS for the quarter, beating analysts’ consensus estimates of $4.18 by $0.03. The business 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%.The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period last 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. On average, sell-side analysts anticipate that Linde will post 16.54 earnings per share 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 issued 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 payout ratio is 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.