iA Global Asset Management Inc. Trims Stock Position in Linde PLC $LIN

iA Global Asset Management Inc. lessened its stake in Linde PLC (NASDAQ:LIN) by 36.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 199,572 shares of the basic materials company’s stock after selling 114,050 shares during the period. Linde accounts for approximately 1.3% of iA Global Asset Management Inc.’s portfolio, making the stock its 14th largest position. iA Global Asset Management Inc.’s holdings in Linde were worth $94,797,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Atlas Legacy Advisors LLC grew its stake in Linde by 1.8% during the 3rd quarter. Atlas Legacy Advisors LLC now owns 2,167 shares of the basic materials company’s stock worth $1,029,000 after buying an additional 39 shares during the last quarter. FWG Holdings LLC boosted its holdings in shares of Linde by 4.3% in the third quarter. FWG Holdings LLC now owns 1,292 shares of the basic materials company’s stock valued at $558,000 after acquiring an additional 53 shares during the period. Locust Wood Capital Advisers LLC boosted its holdings in shares of Linde by 7.9% in the third quarter. Locust Wood Capital Advisers LLC now owns 513,916 shares of the basic materials company’s stock valued at $244,110,000 after acquiring an additional 37,676 shares during the period. Triad Wealth Partners LLC grew its position in shares of Linde by 28.8% during the third quarter. Triad Wealth Partners LLC now owns 917 shares of the basic materials company’s stock worth $435,000 after acquiring an additional 205 shares during the last quarter. Finally, Tranquility Partners LLC increased its holdings in shares of Linde by 6.1% in the 3rd quarter. Tranquility Partners LLC now owns 554 shares of the basic materials company’s stock valued at $263,000 after acquiring an additional 32 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Trading Up 1.4%

Shares of Linde stock opened at $445.64 on Friday. The firm has a market cap of $208.09 billion, a price-to-earnings ratio of 29.85, a price-to-earnings-growth ratio of 3.08 and a beta of 0.85. Linde PLC has a 52-week low of $387.78 and a 52-week high of $486.38. The company’s 50-day simple moving average is $421.17 and its 200-day simple moving average is $448.58. The company has a quick ratio of 0.69, a current ratio of 0.82 and a debt-to-equity ratio of 0.46.

Linde (NASDAQ:LIN) last released its quarterly earnings data on Friday, October 31st. The basic materials company reported $4.21 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $8.62 billion during the quarter, compared to analysts’ expectations of $8.62 billion. During the same quarter in the prior year, the business posted $3.94 earnings per share. Linde’s 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. As a group, equities research analysts anticipate that Linde PLC will post 16.54 earnings per share for the current year.

Linde Announces Dividend

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

Analysts Set New Price Targets

A number of analysts recently weighed in on LIN shares. Mizuho set a $495.00 price target on shares of Linde in a research note on Thursday, December 11th. Weiss Ratings reissued a “hold (c+)” rating on shares of Linde in a report on Monday, December 29th. UBS Group restated a “buy” rating on shares of Linde in a research report on Friday, December 12th. CICC Research began coverage on Linde in a research report on Wednesday, December 3rd. They set an “outperform” rating and a $510.00 price objective for the company. Finally, Citigroup lifted their target price on Linde from $520.00 to $540.00 and gave the company a “buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $501.75.

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.