Linde PLC $LIN is Martin Currie Ltd.’s 7th Largest Position

Martin Currie Ltd. reduced its position in shares of Linde PLC (NASDAQ:LIN) by 3.4% during the 2nd quarter, HoldingsChannel reports. The firm owned 314,341 shares of the basic materials company’s stock after selling 10,964 shares during the period. Linde comprises about 5.7% of Martin Currie Ltd.’s investment portfolio, making the stock its 7th largest holding. Martin Currie Ltd.’s holdings in Linde were worth $147,483,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. eCIO Inc. purchased a new stake in Linde in the first quarter worth about $45,000. Clal Insurance Enterprises Holdings Ltd raised its holdings in shares of Linde by 445.0% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company’s stock valued at $51,000 after purchasing an additional 89 shares in the last quarter. Nova Wealth Management Inc. purchased a new stake in shares of Linde in the 1st quarter worth approximately $52,000. Costello Asset Management INC bought a new position in shares of Linde during the first quarter valued at approximately $54,000. Finally, Activest Wealth Management boosted its stake in shares of Linde by 5,800.0% during the first quarter. Activest Wealth Management now owns 118 shares of the basic materials company’s stock valued at $55,000 after purchasing an additional 116 shares in the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Linde Stock Performance

Shares of LIN stock opened at $408.51 on Friday. Linde PLC has a 52-week low of $408.21 and a 52-week high of $486.38. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 0.49. The stock has a market cap of $190.75 billion, a PE ratio of 29.05, a price-to-earnings-growth ratio of 2.85 and a beta of 0.91. The business has a 50-day simple moving average of $449.27 and a 200-day simple moving average of $461.37.

Linde (NASDAQ:LIN) last announced its quarterly 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 19.09% and a net margin of 20.20%.The company had revenue of $8.62 billion during the quarter, compared to analysts’ expectations of $8.62 billion. During the same period last year, the business earned $3.94 earnings per share. Linde’s quarterly revenue was up 2.9% on a year-over-year basis. 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 expect that Linde PLC will post 16.54 EPS for the current year.

Linde Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd will be issued a dividend of $1.50 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $6.00 dividend on an annualized basis and a yield of 1.5%. Linde’s dividend payout ratio is 40.19%.

Analyst Ratings Changes

A number of brokerages recently commented on LIN. Weiss Ratings reissued a “buy (b)” rating on shares of Linde in a research note on Wednesday, October 8th. JPMorgan Chase & Co. reduced their price target on Linde from $475.00 to $455.00 and set an “overweight” rating for the company in a research report on Monday, November 3rd. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $516.00 price objective on shares of Linde in a research report on Monday, November 3rd. Royal Bank Of Canada decreased their price target on shares of Linde from $576.00 to $540.00 and set an “outperform” rating for the company in a research report on Thursday, November 6th. Finally, Citigroup reduced their price objective 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. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $508.83.

Linde Company 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.