Invesco Ltd. Boosts Holdings in Linde PLC $LIN

Invesco Ltd. increased its holdings in Linde PLC (NASDAQ:LIN) by 4.8% in the second quarter, Holdings Channel.com reports. The firm owned 4,044,833 shares of the basic materials company’s stock after acquiring an additional 185,294 shares during the period. Invesco Ltd.’s holdings in Linde were worth $1,897,755,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Bartlett & CO. Wealth Management LLC grew its holdings in Linde by 1.3% in the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 249,742 shares of the basic materials company’s stock worth $117,174,000 after acquiring an additional 3,230 shares during the last quarter. Markel Group Inc. boosted its holdings in shares of Linde by 3.1% during the second quarter. Markel Group Inc. now owns 186,600 shares of the basic materials company’s stock worth $87,549,000 after purchasing an additional 5,600 shares during the period. Destiny Wealth Partners LLC bought a new stake in shares of Linde in the second quarter worth about $465,000. Meiji Yasuda Asset Management Co Ltd. increased its holdings in Linde by 25.9% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 23,558 shares of the basic materials company’s stock valued at $10,970,000 after purchasing an additional 4,839 shares during the period. Finally, Ethos Financial Group LLC bought a new position in Linde during the 1st quarter valued at approximately $345,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Wall Street Analysts Forecast Growth

LIN has been the topic of a number of recent analyst reports. Citigroup reduced their target price on Linde from $535.00 to $520.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. Weiss Ratings restated a “buy (b-)” rating on shares of Linde in a report on Monday. UBS Group dropped their target price on shares of Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Sanford C. Bernstein reiterated an “outperform” rating and set a $516.00 price target on shares of Linde in a research report on Monday, November 3rd. Finally, Royal Bank Of Canada lowered their price objective on shares of Linde from $576.00 to $540.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Linde has a consensus rating of “Buy” and an average target price of $508.83.

Linde Price Performance

Shares of Linde stock opened at $408.79 on Wednesday. The stock has a market cap of $190.88 billion, a price-to-earnings ratio of 29.07, a price-to-earnings-growth ratio of 2.85 and a beta of 0.91. 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 has a 50 day moving average price of $438.22 and a 200-day moving average price of $459.08. Linde PLC has a one year low of $404.27 and a one year high of $486.38.

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

Linde Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd will be paid a $1.50 dividend. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $6.00 annualized dividend and a yield of 1.5%. Linde’s dividend payout ratio (DPR) is presently 40.19%.

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.