1832 Asset Management L.P. Increases Stake in Linde PLC $LIN

1832 Asset Management L.P. boosted its stake in Linde PLC (NASDAQ:LIN) by 70.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 154,311 shares of the basic materials company’s stock after purchasing an additional 63,912 shares during the quarter. 1832 Asset Management L.P.’s holdings in Linde were worth $72,400,000 as of its most recent filing with the SEC.

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

Linde Stock Performance

NASDAQ:LIN opened at $409.15 on Thursday. The firm has a 50-day moving average of $436.92 and a two-hundred day moving average of $458.73. 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 stock has a market cap of $191.05 billion, a P/E ratio of 27.40, a PEG ratio of 3.12 and a beta of 0.85. Linde PLC has a 1-year low of $404.27 and a 1-year high of $486.38.

Linde (NASDAQ:LIN) last released its quarterly 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 return on equity of 19.38% and a net margin of 21.17%.The business had revenue of $8.62 billion for the quarter, compared to analysts’ expectations of $8.62 billion. During the same quarter in the previous year, the firm posted $3.94 earnings per share. The company’s revenue was up 2.9% compared to the same quarter last year. 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, research analysts expect that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Dividend Announcement

The business also recently declared 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 of this dividend is Wednesday, December 3rd. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.5%. Linde’s dividend payout ratio (DPR) is presently 40.19%.

Wall Street Analysts Forecast Growth

LIN has been the subject of a number of research reports. CICC Research assumed coverage on Linde in a report on Wednesday. They set an “outperform” rating and a $510.00 target price for the company. Sanford C. Bernstein reiterated an “outperform” rating and set a $516.00 price objective on shares of Linde in a research note on Monday, November 3rd. UBS Group cut their target price on shares of Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. JPMorgan Chase & Co. reduced their target price on shares of Linde from $475.00 to $455.00 and set an “overweight” rating on the stock in a report on Monday, November 3rd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Linde in a report on Monday. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Linde has an average rating of “Buy” and a consensus price target of $509.00.

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.