Linde PLC $LIN Shares Sold by United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund trimmed its holdings in Linde PLC (NASDAQ:LIN) by 4.0% during the second quarter, HoldingsChannel.com reports. The fund owned 182,795 shares of the basic materials company’s stock after selling 7,651 shares during the period. Linde makes up approximately 3.3% of United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings, making the stock its 9th largest holding. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in Linde were worth $85,764,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of LIN. Nuveen LLC purchased a new position in Linde during the 1st quarter worth $2,097,793,000. Deutsche Bank AG boosted its stake in shares of Linde by 172.4% during the first quarter. Deutsche Bank AG now owns 2,407,637 shares of the basic materials company’s stock worth $1,121,092,000 after buying an additional 1,523,702 shares during the period. Wellington Management Group LLP grew its holdings 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 worth $3,511,751,000 after buying an additional 1,182,157 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position 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 valued at $4,470,284,000 after acquiring an additional 453,108 shares during the period. Finally, Alyeska Investment Group L.P. purchased a new stake in Linde during the 1st quarter valued at approximately $197,019,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Linde Trading Up 0.0%

Shares of Linde stock opened at $407.90 on Thursday. Linde PLC has a 12-month low of $406.09 and a 12-month high of $486.38. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 0.49. The stock has a market cap of $190.47 billion, a PE ratio of 29.01, a price-to-earnings-growth ratio of 2.85 and a beta of 0.91. The company has a 50-day moving average of $443.79 and a two-hundred day moving average of $460.26.

Linde (NASDAQ:LIN) last announced 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 business had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.62 billion. Linde had a return on equity of 19.09% and a net margin of 20.20%.The company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $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, research analysts anticipate that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be given 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 1.5%. Linde’s dividend payout ratio (DPR) is currently 40.19%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on LIN. JPMorgan Chase & Co. lowered their target price on Linde from $475.00 to $455.00 and set an “overweight” rating on the stock in a research note on Monday, November 3rd. Sanford C. Bernstein reissued an “outperform” rating and issued a $516.00 price objective on shares of Linde in a research note on Monday, November 3rd. Citigroup cut their price objective on shares of Linde from $535.00 to $520.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. UBS Group lowered their target price on shares of Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Linde in a report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Linde currently has an average rating of “Buy” and a consensus target price of $508.83.

About Linde

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.