Sittner & Nelson LLC Lowers Stock Position in Linde PLC $LIN

Sittner & Nelson LLC cut its stake in shares of Linde PLC (NASDAQ:LIN) by 5.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,821 shares of the basic materials company’s stock after selling 200 shares during the quarter. Linde makes up approximately 0.7% of Sittner & Nelson LLC’s holdings, making the stock its 28th biggest position. Sittner & Nelson LLC’s holdings in Linde were worth $1,793,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its stake in Linde by 5.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,600,297 shares of the basic materials company’s stock worth $4,470,284,000 after buying an additional 453,108 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Linde by 18.6% during the first quarter. Wellington Management Group LLP now owns 7,542,991 shares of the basic materials company’s stock valued at $3,511,751,000 after purchasing an additional 1,182,157 shares in the last quarter. Nuveen LLC bought a new stake in shares of Linde in the first quarter worth about $2,097,793,000. Invesco Ltd. lifted its position in shares of Linde by 1.1% in the first quarter. Invesco Ltd. now owns 3,859,539 shares of the basic materials company’s stock worth $1,797,156,000 after buying an additional 40,931 shares in the last quarter. Finally, WCM Investment Management LLC boosted its stake in Linde by 1.9% during the second quarter. WCM Investment Management LLC now owns 3,401,590 shares of the basic materials company’s stock valued at $1,577,624,000 after buying an additional 61,829 shares during the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Linde Trading Down 0.1%

LIN opened at $428.64 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.78 and a current ratio of 0.93. The stock’s 50 day moving average price is $455.19 and its 200-day moving average price is $462.60. Linde PLC has a one year low of $408.65 and a one year high of $486.38. The stock has a market cap of $200.15 billion, a price-to-earnings ratio of 30.49, a P/E/G ratio of 2.85 and a beta of 0.91.

Linde (NASDAQ:LIN) last posted its quarterly earnings results on Friday, October 31st. The basic materials company reported $4.21 EPS for the quarter, topping the consensus estimate of $4.18 by $0.03. The company had revenue of $8.62 billion for the quarter, compared to the consensus estimate of $8.62 billion. Linde had a net margin of 20.20% and a return on equity of 19.09%. The firm’s revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the firm posted $3.94 EPS. Linde has set its FY 2025 guidance at 16.350-16.450 EPS. Q4 2025 guidance at 4.100-4.200 EPS. On average, equities analysts forecast that Linde PLC will post 16.54 EPS for the current year.

Linde Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be issued a $1.50 dividend. The ex-dividend date is Wednesday, December 3rd. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.4%. Linde’s dividend payout ratio (DPR) is currently 40.19%.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. JPMorgan Chase & Co. reduced their price objective on Linde from $475.00 to $455.00 and set an “overweight” rating on the stock in a research note on Monday, November 3rd. Citigroup decreased their price target on shares of Linde from $535.00 to $520.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. Royal Bank Of Canada dropped their price objective on shares of Linde from $576.00 to $540.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Weiss Ratings restated a “buy (b)” rating on shares of Linde in a report on Wednesday, October 8th. Finally, UBS Group decreased their target price on shares of Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $508.83.

Linde Profile

Linde plc operates as an industrial gas company in the Americas, Europe, the Middle East, Africa, Asia, and South Pacific. It offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.