Bank of New York Mellon Corp Sells 379,979 Shares of Linde PLC $LIN

Bank of New York Mellon Corp decreased its position in Linde PLC (NASDAQ:LIN) by 6.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,601,483 shares of the basic materials company’s stock after selling 379,979 shares during the period. Bank of New York Mellon Corp owned approximately 1.19% of Linde worth $2,660,705,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Brighton Jones LLC acquired a new position in shares of Linde in the 4th quarter valued at approximately $2,752,000. Revolve Wealth Partners LLC increased its position in shares of Linde by 14.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company’s stock worth $325,000 after acquiring an additional 96 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in shares of Linde by 19.8% during the second quarter. Sivia Capital Partners LLC now owns 1,569 shares of the basic materials company’s stock worth $736,000 after acquiring an additional 259 shares during the period. Avior Wealth Management LLC lifted its position in Linde by 75.8% in the 2nd quarter. Avior Wealth Management LLC now owns 1,510 shares of the basic materials company’s stock valued at $708,000 after acquiring an additional 651 shares in the last quarter. Finally, Independence Bank of Kentucky lifted its position in Linde by 3.3% in the 2nd quarter. Independence Bank of Kentucky now owns 1,253 shares of the basic materials company’s stock valued at $588,000 after acquiring an additional 40 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.

Linde Stock Down 0.4%

Linde stock opened at $453.03 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.82 and a quick ratio of 0.69. The company’s 50-day moving average is $423.24 and its 200-day moving average is $447.92. The firm has a market capitalization of $211.54 billion, a PE ratio of 30.34, a P/E/G ratio of 3.19 and a beta of 0.85. Linde PLC has a fifty-two week low of $387.78 and a fifty-two week 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 (EPS) for the quarter, beating the consensus estimate of $4.18 by $0.03. The business had revenue of $8.62 billion during the quarter, compared to the consensus estimate of $8.62 billion. Linde had a net margin of 21.17% and a return on equity of 19.38%. Linde’s revenue was up 2.9% on a year-over-year basis. During the same period last year, the business 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 anticipate that Linde PLC will post 16.54 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on LIN. Mizuho set a $495.00 price target on Linde in a report on Thursday, December 11th. 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. BMO Capital Markets set a $501.00 price target on shares of Linde in a research note on Wednesday, December 17th. Weiss Ratings restated a “hold (c+)” rating on shares of Linde in a report on Monday, December 29th. Finally, CICC Research initiated coverage on shares of Linde in a research note on Wednesday, December 3rd. They issued an “outperform” rating and a $510.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus 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.