Werlinich Asset Management LLC Invests $636,000 in Linde PLC $LIN

Werlinich Asset Management LLC acquired a new position in shares of Linde PLC (NASDAQ:LIN) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,340 shares of the basic materials company’s stock, valued at approximately $636,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Darwin Wealth Management LLC bought a new position in shares of Linde during the 2nd quarter worth approximately $25,000. eCIO Inc. acquired a new stake in Linde in the 1st quarter valued at about $45,000. Howard Hughes Medical Institute bought a new position in Linde during the second quarter worth about $48,000. Nova Wealth Management Inc. bought a new position in Linde during the first quarter worth about $52,000. Finally, Activest Wealth Management increased its position in Linde by 5,800.0% during the first quarter. Activest Wealth Management now owns 118 shares of the basic materials company’s stock worth $55,000 after buying an additional 116 shares during the last quarter. 82.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Seaport Res Ptn upgraded Linde from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Linde in a report on Monday. Mizuho set a $495.00 price target on Linde in a research note on Thursday, December 11th. Citigroup reduced their price objective on shares of Linde from $535.00 to $520.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Finally, Sanford C. Bernstein restated an “outperform” rating and set 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 given a Buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $501.00.

Linde Stock Performance

LIN opened at $423.51 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.82 and a quick ratio of 0.69. The business has a fifty day simple moving average of $424.80 and a 200 day simple moving average of $455.09. Linde PLC has a 1 year low of $387.78 and a 1 year high of $486.38. The company has a market capitalization of $197.76 billion, a PE ratio of 28.37, a price-to-earnings-growth ratio of 3.20 and a beta of 0.85.

Linde (NASDAQ:LIN) last posted its earnings results 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. The company had revenue of $8.62 billion during the quarter, compared to the consensus estimate of $8.62 billion. Linde had a return on equity of 19.38% and a net margin of 21.17%.The company’s revenue was up 2.9% on a year-over-year basis. During the same quarter last 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. Research analysts expect that Linde PLC will post 16.54 EPS for the current year.

Linde Announces Dividend

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

About Linde

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.