Linde PLC $LIN Shares Acquired by Advisory Services Network LLC

Advisory Services Network LLC increased its holdings in Linde PLC (NASDAQ:LIN) by 12.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,852 shares of the basic materials company’s stock after buying an additional 1,498 shares during the period. Advisory Services Network LLC’s holdings in Linde were worth $6,376,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Anchor Investment Management LLC boosted its holdings in Linde by 16.2% in the second quarter. Anchor Investment Management LLC now owns 3,285 shares of the basic materials company’s stock valued at $1,541,000 after acquiring an additional 458 shares during the last quarter. Geneos Wealth Management Inc. increased its position in Linde by 4.3% during the 2nd quarter. Geneos Wealth Management Inc. now owns 2,738 shares of the basic materials company’s stock worth $1,285,000 after purchasing an additional 112 shares in the last quarter. Second Line Capital LLC raised its holdings in Linde by 12.5% in the second quarter. Second Line Capital LLC now owns 685 shares of the basic materials company’s stock valued at $322,000 after buying an additional 76 shares during the period. Parr Mcknight Wealth Management Group LLC raised its holdings in Linde by 2.5% in the second quarter. Parr Mcknight Wealth Management Group LLC now owns 10,640 shares of the basic materials company’s stock valued at $4,992,000 after buying an additional 258 shares during the period. Finally, Winslow Asset Management Inc. lifted its position in Linde by 1.0% during the second quarter. Winslow Asset Management Inc. now owns 17,577 shares of the basic materials company’s stock valued at $8,247,000 after buying an additional 179 shares in the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Linde Stock Performance

NASDAQ LIN opened at $416.24 on Monday. Linde PLC has a 1-year low of $387.78 and a 1-year high of $486.38. The company has a 50 day moving average of $426.77 and a 200-day moving average of $455.71. 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 firm has a market cap of $194.36 billion, a price-to-earnings ratio of 27.88, a PEG ratio of 3.19 and a beta of 0.85.

Linde (NASDAQ:LIN) last issued its quarterly earnings results on Friday, October 31st. The basic materials company reported $4.21 earnings per share for the quarter, beating analysts’ consensus estimates of $4.18 by $0.03. The business had revenue of $8.62 billion during 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 for the quarter was up 2.9% compared to the same quarter last year. During the same quarter last year, the business posted $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. On average, equities analysts forecast that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Dividend Announcement

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 paid a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Wednesday, December 3rd. Linde’s dividend payout ratio (DPR) is 40.19%.

Wall Street Analyst Weigh In

Several brokerages recently commented on LIN. Mizuho set a $495.00 target price on Linde in a report on Thursday. Weiss Ratings restated a “buy (b-)” rating on shares of Linde in a research report on Monday, December 8th. 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. Seaport Res Ptn upgraded shares of Linde from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Finally, CICC Research assumed coverage on shares of Linde in a report on Wednesday, December 3rd. They set an “outperform” rating and a $510.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. According to data from MarketBeat.com, Linde has an average rating of “Buy” and an average price target of $501.00.

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.