CIBC Asset Management Inc Cuts Position in Linde PLC $LIN

CIBC Asset Management Inc decreased its position in shares of Linde PLC (NASDAQ:LIN) by 12.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 239,304 shares of the basic materials company’s stock after selling 32,797 shares during the period. CIBC Asset Management Inc owned approximately 0.05% of Linde worth $113,591,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Darwin Wealth Management LLC bought a new stake in Linde in the 2nd quarter worth approximately $25,000. Marquette Asset Management LLC purchased a new position in shares of Linde during the third quarter worth approximately $27,000. YANKCOM Partnership raised its stake in shares of Linde by 195.2% during the third quarter. YANKCOM Partnership now owns 62 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 41 shares in the last quarter. Albion Financial Group UT lifted its holdings in shares of 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 acquiring an additional 36 shares during the last quarter. Finally, Howard Hughes Medical Institute purchased a new stake in shares of Linde in the 2nd quarter valued at $48,000. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Linde Stock Up 1.3%

Shares of NASDAQ:LIN opened at $451.57 on Friday. The stock’s 50-day moving average is $421.73 and its 200 day moving average is $448.30. The company has a market cap of $210.86 billion, a PE ratio of 30.25, a P/E/G ratio of 3.17 and a beta of 0.85. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.82 and a quick ratio of 0.69. Linde PLC has a 1 year low of $387.78 and a 1 year high of $486.38.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Friday, October 31st. The basic materials company reported $4.21 earnings per share for the quarter, topping analysts’ consensus estimates of $4.18 by $0.03. The firm 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 business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period last year, the company earned $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 anticipate that Linde PLC will post 16.54 EPS for the current year.

Linde Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd were issued a $1.50 dividend. The ex-dividend date was Wednesday, December 3rd. This represents a $6.00 annualized dividend and a yield of 1.3%. Linde’s dividend payout ratio is 40.19%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on LIN shares. JPMorgan Chase & Co. decreased their target price on shares of Linde from $475.00 to $455.00 and set an “overweight” rating on the stock in a research report on Monday, November 3rd. BMO Capital Markets set a $501.00 price objective on Linde in a report on Wednesday, December 17th. Sanford C. Bernstein reissued an “outperform” rating and issued a $516.00 target price on shares of Linde in a research note on Monday, November 3rd. Mizuho set a $495.00 price target on Linde in a research report on Thursday, December 11th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Linde in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $501.75.

Linde 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.