JCIC Asset Management Inc. Makes New $2.98 Million Investment in Linde PLC $LIN

JCIC Asset Management Inc. purchased a new stake in shares of Linde PLC (NASDAQ:LIN) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 6,282 shares of the basic materials company’s stock, valued at approximately $2,984,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of LIN. Norges Bank bought a new position in Linde in the 2nd quarter valued at $3,098,772,000. Assenagon Asset Management S.A. raised its position in shares of Linde by 82.5% in the third quarter. Assenagon Asset Management S.A. now owns 1,683,248 shares of the basic materials company’s stock worth $799,543,000 after buying an additional 760,954 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in Linde by 18.5% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,972,515 shares of the basic materials company’s stock valued at $1,394,198,000 after buying an additional 463,977 shares during the period. ABN AMRO Bank N.V. purchased a new position in Linde during the second quarter worth about $187,359,000. Finally, Neuberger Berman Group LLC increased its stake in Linde by 48.7% in the 2nd quarter. Neuberger Berman Group LLC now owns 1,131,132 shares of the basic materials company’s stock worth $530,617,000 after acquiring an additional 370,261 shares during the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Mizuho set a $495.00 price target on Linde in a research report on Thursday, December 11th. Citigroup cut their price target on shares of Linde from $535.00 to $520.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. BMO Capital Markets set a $501.00 price objective on shares of Linde in a research report on Wednesday, December 17th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $516.00 target price on shares of Linde in a research report on Monday, November 3rd. Finally, UBS Group reissued a “buy” rating on shares of Linde in a research note on Friday, December 12th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $499.25.

Linde Stock Down 0.2%

Shares of NASDAQ:LIN opened at $438.96 on Monday. The stock has a market capitalization of $204.97 billion, a P/E ratio of 29.40, a price-to-earnings-growth ratio of 3.07 and a beta of 0.85. The stock’s 50-day moving average price is $420.12 and its 200-day moving average price is $449.22. The company has a current ratio of 0.82, a quick ratio of 0.69 and a debt-to-equity ratio of 0.46. Linde PLC has a 12-month low of $387.78 and a 12-month high of $486.38.

Linde (NASDAQ:LIN) last issued its earnings results on Friday, October 31st. The basic materials company reported $4.21 earnings per share for the quarter, beating the consensus estimate of $4.18 by $0.03. Linde had a return on equity of 19.38% and a net margin of 21.17%.The company had revenue of $8.62 billion during the quarter, compared to analysts’ expectations of $8.62 billion. During the same period in the prior year, the business posted $3.94 EPS. Linde’s quarterly revenue was up 2.9% compared to the same quarter last year. 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, equities analysts anticipate that Linde PLC will post 16.54 earnings per share for the current year.

Linde Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd were paid 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 presently 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.