Nippon Life Global Investors Americas Inc. Sells 1,340 Shares of Linde PLC $LIN

Nippon Life Global Investors Americas Inc. trimmed its position in Linde PLC (NASDAQ:LIN) by 4.6% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 27,790 shares of the basic materials company’s stock after selling 1,340 shares during the period. Nippon Life Global Investors Americas Inc.’s holdings in Linde were worth $13,200,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of LIN. Darwin Wealth Management LLC purchased a new stake in shares of Linde during the second quarter valued at approximately $25,000. Marquette Asset Management LLC bought a new position in Linde in the 3rd quarter valued at $27,000. YANKCOM Partnership increased its position in shares of Linde by 195.2% during the 3rd quarter. YANKCOM Partnership now owns 62 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 41 shares during the last quarter. Albion Financial Group UT raised its stake in shares of Linde by 87.8% during the 3rd quarter. Albion Financial Group UT now owns 77 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 36 shares during the period. Finally, Howard Hughes Medical Institute purchased a new position in shares of Linde in the 2nd quarter worth about $48,000. Institutional investors own 82.80% of the company’s stock.

Linde Trading Down 0.2%

Shares of LIN opened at $438.96 on Friday. Linde PLC has a twelve month low of $387.78 and a twelve month high of $486.38. The stock has a market cap of $204.97 billion, a PE ratio of 29.40, a P/E/G ratio of 3.07 and a beta of 0.85. The company has a quick ratio of 0.69, a current ratio of 0.82 and a debt-to-equity ratio of 0.46. The business’s 50-day moving average price is $420.12 and its 200-day moving average price is $449.42.

Linde (NASDAQ:LIN) last released its quarterly earnings data on Friday, October 31st. The basic materials company reported $4.21 EPS for the quarter, beating analysts’ consensus estimates of $4.18 by $0.03. The company had revenue of $8.62 billion during the quarter, compared to analyst estimates of $8.62 billion. Linde had a net margin of 21.17% and a return on equity of 19.38%. Linde’s revenue was up 2.9% compared to the same quarter last year. During the same period last year, the business 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. On average, equities analysts forecast that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Dividend Announcement

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

Analyst Ratings Changes

Several analysts have commented on LIN shares. Seaport Res Ptn raised shares of Linde from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Royal Bank Of Canada lowered their price target on shares of Linde from $540.00 to $490.00 and set an “outperform” rating on the stock in a report on Friday, December 12th. Sanford C. Bernstein reissued an “outperform” rating and set a $516.00 price objective on shares of Linde in a report on Monday, November 3rd. Weiss Ratings restated a “hold (c+)” rating on shares of Linde in a research note on Monday, December 29th. Finally, BMO Capital Markets set a $501.00 price target on Linde in a research note on Wednesday, December 17th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $499.25.

Linde Company Profile

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.