Amalgamated Bank Has $43.33 Million Stake in Linde PLC $LIN

Amalgamated Bank decreased its stake in shares of Linde PLC (NASDAQ:LIN) by 2.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 91,229 shares of the basic materials company’s stock after selling 1,817 shares during the period. Amalgamated Bank’s holdings in Linde were worth $43,334,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in LIN. Bartlett & CO. Wealth Management LLC raised its position in shares of 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 acquiring an additional 3,230 shares in the last quarter. Markel Group Inc. grew its stake in Linde by 3.1% in the second quarter. Markel Group Inc. now owns 186,600 shares of the basic materials company’s stock valued at $87,549,000 after purchasing an additional 5,600 shares during the last quarter. Destiny Wealth Partners LLC purchased a new position in shares of Linde in the second quarter worth about $465,000. Cerity Partners LLC raised its stake in shares of Linde by 12.3% during the 3rd quarter. Cerity Partners LLC now owns 205,318 shares of the basic materials company’s stock worth $97,526,000 after buying an additional 22,489 shares during the period. Finally, OMERS ADMINISTRATION Corp lifted its position in Linde by 27.2% during the second quarter. OMERS ADMINISTRATION Corp now owns 417,001 shares of the basic materials company’s stock worth $195,649,000 after buying an additional 89,129 shares in the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LIN has been the subject of a number of research reports. Citigroup reduced their price target on shares of Linde from $535.00 to $520.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Mizuho set a $495.00 price objective on shares of Linde in a research report on Thursday, December 11th. Seaport Res Ptn upgraded Linde from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Sanford C. Bernstein restated an “outperform” rating and set a $516.00 price objective on shares of Linde in a report on Monday, November 3rd. Finally, BMO Capital Markets set a $501.00 price objective on Linde in a report on Wednesday, December 17th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $499.25.

Linde Stock Down 0.2%

LIN stock opened at $438.96 on Friday. The firm has a 50 day moving average of $420.12 and a 200 day moving average of $449.42. 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 stock has a market capitalization of $204.97 billion, a PE ratio of 29.40, a price-to-earnings-growth ratio of 3.07 and a beta of 0.85. Linde PLC has a 52 week low of $387.78 and a 52 week high of $486.38.

Linde (NASDAQ:LIN) last announced its quarterly earnings results on Friday, October 31st. The basic materials company reported $4.21 EPS for the quarter, beating the consensus estimate of $4.18 by $0.03. The business had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.62 billion. Linde had a return on equity of 19.38% and a net margin of 21.17%.The company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company 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. Sell-side analysts forecast that Linde PLC will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

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

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.