S.E.E.D. Planning Group LLC Raises Stock Holdings in Linde PLC $LIN

S.E.E.D. Planning Group LLC boosted its position in shares of Linde PLC (NASDAQ:LIN) by 76.1% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 25,107 shares of the basic materials company’s stock after acquiring an additional 10,848 shares during the quarter. Linde comprises about 3.5% of S.E.E.D. Planning Group LLC’s portfolio, making the stock its 11th largest position. S.E.E.D. Planning Group LLC’s holdings in Linde were worth $11,926,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Linde by 0.7% in the second quarter. Vanguard Group Inc. now owns 44,638,847 shares of the basic materials company’s stock worth $20,943,654,000 after purchasing an additional 292,492 shares during the last quarter. Norges Bank acquired a new position in Linde in the 2nd quarter worth approximately $3,098,772,000. Invesco Ltd. raised its position in Linde by 4.8% during the 2nd quarter. Invesco Ltd. now owns 4,044,833 shares of the basic materials company’s stock worth $1,897,755,000 after buying an additional 185,294 shares during the last quarter. Franklin Resources Inc. raised its position in Linde by 0.7% during the 2nd quarter. Franklin Resources Inc. now owns 3,718,376 shares of the basic materials company’s stock worth $1,744,588,000 after buying an additional 24,046 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Linde by 1.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,605,118 shares of the basic materials company’s stock valued at $1,690,961,000 after acquiring an additional 40,216 shares during the period. 82.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on LIN shares. Royal Bank Of Canada cut their price objective on shares of Linde from $540.00 to $490.00 and set an “outperform” rating on the stock in a research note on Friday, December 12th. UBS Group reaffirmed a “buy” rating on shares of Linde in a report on Friday, December 12th. Citigroup cut their price target on Linde from $535.00 to $520.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Linde in a research note on Monday, December 15th. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $516.00 target price on shares of Linde in a research note on Monday, November 3rd. Two analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. Based on data from MarketBeat.com, Linde has a consensus rating of “Buy” and a consensus price target of $501.00.

Linde Stock Up 0.6%

LIN stock opened at $421.43 on Monday. The firm has a market cap of $196.79 billion, a PE ratio of 28.23, a P/E/G ratio of 3.23 and a beta of 0.85. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.69 and a current ratio of 0.82. The firm’s fifty day moving average is $422.46 and its 200 day moving average is $454.05. Linde PLC has a one year low of $387.78 and a one year high of $486.38.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Friday, October 31st. The basic materials company reported $4.21 earnings per share for the quarter, topping analysts’ consensus estimates of $4.18 by $0.03. Linde had a net margin of 21.17% and a return on equity of 19.38%. The business had revenue of $8.62 billion during the quarter, compared to the consensus estimate of $8.62 billion. During the same quarter in the prior year, the firm posted $3.94 earnings per share. The company’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. On average, research analysts forecast that Linde PLC will post 16.54 EPS for the current year.

Linde Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd were given a dividend of $1.50 per share. The ex-dividend date was Wednesday, December 3rd. This represents a $6.00 dividend on an annualized basis and a yield of 1.4%. Linde’s dividend payout ratio is currently 40.19%.

About Linde

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.