Linde PLC $LIN Shares Acquired by Savant Capital LLC

Savant Capital LLC lifted its holdings in shares of Linde PLC (NASDAQ:LIN) by 17.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,927 shares of the basic materials company’s stock after acquiring an additional 1,349 shares during the period. Savant Capital LLC’s holdings in Linde were worth $4,189,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of LIN. eCIO Inc. acquired a new position in Linde in the first quarter valued at $45,000. Clal Insurance Enterprises Holdings Ltd grew its holdings in shares of Linde by 445.0% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company’s stock worth $51,000 after buying an additional 89 shares during the last quarter. Nova Wealth Management Inc. purchased a new position in shares of Linde during the first quarter worth about $52,000. Costello Asset Management INC acquired a new position in Linde in the 1st quarter valued at about $54,000. Finally, Activest Wealth Management increased its position in Linde by 5,800.0% in the 1st quarter. Activest Wealth Management now owns 118 shares of the basic materials company’s stock valued at $55,000 after acquiring an additional 116 shares during the period. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Linde Trading Up 1.2%

Shares of LIN stock opened at $420.51 on Monday. The business’s fifty day moving average price is $459.02 and its 200 day moving average price is $463.43. The firm has a market capitalization of $196.36 billion, a PE ratio of 29.91, a P/E/G ratio of 2.85 and a beta of 0.91. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.93 and a quick ratio of 0.78. Linde PLC has a 1-year low of $408.65 and a 1-year high of $486.38.

Linde (NASDAQ:LIN) last issued its 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. Linde had a net margin of 20.20% and a return on equity of 19.09%. The company had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.62 billion. During the same period in the previous year, the firm earned $3.94 EPS. The business’s 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. As a group, sell-side analysts forecast that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd will be given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 1.4%. The ex-dividend date is Wednesday, December 3rd. Linde’s dividend payout ratio is presently 40.19%.

Analysts Set New Price Targets

A number of analysts have weighed in on LIN shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Linde in a research report on Wednesday, October 8th. UBS Group cut their price target on Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. JPMorgan Chase & Co. lowered their price objective on shares of Linde from $475.00 to $455.00 and set an “overweight” rating on the stock in a research report 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 on the stock in a research note on Thursday. Finally, Seaport Res Ptn upgraded shares of Linde from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average 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.