Public Sector Pension Investment Board Sells 46,755 Shares of Linde PLC $LIN

Public Sector Pension Investment Board lessened its holdings in Linde PLC (NASDAQ:LIN) by 10.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 410,416 shares of the basic materials company’s stock after selling 46,755 shares during the period. Linde accounts for 0.8% of Public Sector Pension Investment Board’s holdings, making the stock its 19th biggest position. Public Sector Pension Investment Board owned about 0.09% of Linde worth $192,559,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC acquired a new position in Linde during the fourth quarter worth about $2,752,000. Revolve Wealth Partners LLC increased its position in Linde by 14.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company’s stock valued at $325,000 after purchasing an additional 96 shares during the period. Vestmark Advisory Solutions Inc. boosted its holdings in shares of Linde by 29.1% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 1,380 shares of the basic materials company’s stock worth $643,000 after buying an additional 311 shares in the last quarter. Kovitz Investment Group Partners LLC grew its holdings in Linde by 74.5% in the first quarter. Kovitz Investment Group Partners LLC now owns 25,393 shares of the basic materials company’s stock worth $11,825,000 after purchasing an additional 10,844 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Linde by 19.6% during the first quarter. EverSource Wealth Advisors LLC now owns 4,119 shares of the basic materials company’s stock valued at $1,918,000 after buying an additional 674 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on LIN. Royal Bank Of Canada decreased their price target on Linde from $540.00 to $490.00 and set an “outperform” rating for the company in a research report on Friday. Citigroup cut their price objective on shares of Linde from $535.00 to $520.00 and set a “buy” rating for the company in a report on Monday, November 3rd. UBS Group reaffirmed a “buy” rating on shares of Linde in a report on Friday. Sanford C. Bernstein reissued an “outperform” rating and issued a $516.00 price target on shares of Linde in a report on Monday, November 3rd. Finally, Seaport Res Ptn upgraded shares of Linde from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Two equities research analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. According to MarketBeat.com, Linde has an average rating of “Buy” and a consensus price target of $501.00.

Linde Stock Performance

NASDAQ:LIN opened at $416.24 on Friday. The stock has a market cap of $194.36 billion, a P/E ratio of 27.88, a PEG ratio of 3.19 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 $426.77 and its two-hundred day moving average price is $455.75. 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 EPS for the quarter, topping the consensus estimate 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 return on equity of 19.38% and a net margin of 21.17%.Linde’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm 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. As a group, equities analysts predict that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Announces Dividend

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