Pinnacle Financial Partners Inc Grows Position in Linde PLC $LIN

Pinnacle Financial Partners Inc grew its holdings in Linde PLC (NASDAQ:LIN) by 13.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,770 shares of the basic materials company’s stock after buying an additional 3,602 shares during the period. Pinnacle Financial Partners Inc’s holdings in Linde were worth $14,141,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Norges Bank purchased a new stake in Linde during the 2nd quarter valued at about $3,098,772,000. Assenagon Asset Management S.A. boosted its holdings in shares of Linde by 82.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,683,248 shares of the basic materials company’s stock worth $799,543,000 after purchasing an additional 760,954 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in shares of Linde by 18.5% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,972,515 shares of the basic materials company’s stock valued at $1,394,198,000 after purchasing an additional 463,977 shares in the last quarter. ABN AMRO Bank N.V. purchased a new stake in shares of Linde in the second quarter valued at approximately $187,359,000. Finally, Neuberger Berman Group LLC increased its holdings in shares of Linde by 48.7% in the second quarter. Neuberger Berman Group LLC now owns 1,131,132 shares of the basic materials company’s stock valued at $530,617,000 after purchasing an additional 370,261 shares during the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Linde Stock Performance

NASDAQ LIN opened at $438.96 on Friday. The stock has a fifty day simple moving average of $420.12 and a 200-day simple moving average of $449.61. The company has a current ratio of 0.82, a quick ratio of 0.69 and a debt-to-equity ratio of 0.46. The stock has a market cap of $204.97 billion, a PE ratio of 29.40, a P/E/G ratio of 3.08 and a beta of 0.85. Linde PLC has a twelve month low of $387.78 and a twelve month 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 (EPS) for the quarter, beating the consensus estimate of $4.18 by $0.03. The firm had revenue of $8.62 billion for 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% on a year-over-year basis. During the same period in the previous year, the firm earned $3.94 EPS. 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 anticipate that Linde PLC will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd were issued a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Wednesday, December 3rd. Linde’s dividend payout ratio is currently 40.19%.

Analyst Ratings Changes

A number of equities analysts have weighed in on LIN shares. Royal Bank Of Canada lowered their price objective on Linde from $540.00 to $490.00 and set an “outperform” rating on the stock in a research note on Friday, December 12th. Mizuho set a $495.00 price target on shares of Linde in a research report on Thursday, December 11th. Seaport Res Ptn raised shares of Linde from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. UBS Group reaffirmed a “buy” rating on shares of Linde in a research note on Friday, December 12th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Linde in a report on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $499.25.

Linde 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.