Baker Avenue Asset Management LP Has $19.16 Million Stake in Linde PLC $LIN

Baker Avenue Asset Management LP trimmed its stake in Linde PLC (NASDAQ:LIN) by 3.2% during the second quarter, Holdings Channel reports. The fund owned 40,845 shares of the basic materials company’s stock after selling 1,346 shares during the quarter. Baker Avenue Asset Management LP’s holdings in Linde were worth $19,164,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Linde by 0.7% during the second quarter. Vanguard Group Inc. now owns 44,638,847 shares of the basic materials company’s stock valued at $20,943,654,000 after purchasing an additional 292,492 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Linde by 5.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,600,297 shares of the basic materials company’s stock worth $4,470,284,000 after buying an additional 453,108 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Linde by 18.6% during the 1st quarter. Wellington Management Group LLP now owns 7,542,991 shares of the basic materials company’s stock worth $3,511,751,000 after buying an additional 1,182,157 shares during the period. Norges Bank acquired a new position in Linde in the 2nd quarter valued at $3,098,772,000. Finally, Nuveen LLC acquired a new position in Linde in the 1st quarter valued at $2,097,793,000. Institutional investors own 82.80% of the company’s stock.

Linde Price Performance

Shares of NASDAQ:LIN opened at $399.57 on Monday. The firm has a market capitalization of $186.58 billion, a PE ratio of 26.76, a PEG ratio of 3.07 and a beta of 0.85. The company has a current ratio of 0.82, a quick ratio of 0.69 and a debt-to-equity ratio of 0.46. Linde PLC has a 1-year low of $398.93 and a 1-year high of $486.38. The business’s 50 day moving average is $434.02 and its 200-day moving average is $457.93.

Linde (NASDAQ:LIN) last issued its 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 firm had revenue of $8.62 billion during the quarter, compared to analysts’ expectations of $8.62 billion. During the same period last year, the business earned $3.94 earnings per share. Linde’s quarterly 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. Sell-side analysts predict that Linde PLC will post 16.54 earnings per share for the current year.

Linde Announces Dividend

The firm also recently announced 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. This represents a $6.00 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Wednesday, December 3rd. Linde’s payout ratio is 40.19%.

Wall Street Analyst Weigh In

LIN has been the subject of a number of research analyst reports. CICC Research assumed coverage on shares of Linde in a research report on Wednesday, December 3rd. They set an “outperform” rating and a $510.00 target price for the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Linde in a research note on Monday, December 1st. JPMorgan Chase & Co. cut their price objective on Linde from $475.00 to $455.00 and set an “overweight” rating for the company in a research report on Monday, November 3rd. UBS Group decreased their target price on Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Finally, Royal Bank Of Canada lowered their target price on Linde from $576.00 to $540.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Linde currently has an average rating of “Buy” and an average price target of $509.00.

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.