Linde PLC $LIN Shares Sold by Nomura Holdings Inc.

Nomura Holdings Inc. cut its position in Linde PLC (NASDAQ:LIN) by 85.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,593 shares of the basic materials company’s stock after selling 57,046 shares during the period. Nomura Holdings Inc.’s holdings in Linde were worth $4,501,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Darwin Wealth Management LLC acquired a new stake in Linde during the 2nd quarter worth $25,000. eCIO Inc. acquired a new stake in shares of Linde in the first quarter valued at about $45,000. Howard Hughes Medical Institute purchased a new position in shares of Linde in the second quarter worth about $48,000. Nova Wealth Management Inc. acquired a new position in Linde during the first quarter worth about $52,000. Finally, Activest Wealth Management grew its stake in Linde by 5,800.0% during the 1st quarter. Activest Wealth Management now owns 118 shares of the basic materials company’s stock valued at $55,000 after acquiring an additional 116 shares in the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Linde Stock Up 0.2%

Shares of LIN opened at $416.99 on Tuesday. The company’s 50-day moving average price is $425.74 and its 200 day moving average price is $455.38. Linde PLC has a 12-month low of $387.78 and a 12-month high of $486.38. 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 $194.71 billion, a P/E ratio of 27.93, a price-to-earnings-growth ratio of 3.19 and a beta of 0.85.

Linde (NASDAQ:LIN) last announced 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 analysts’ expectations of $8.62 billion. Linde had a net margin of 21.17% and a return on equity of 19.38%. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period last year, the business 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. On average, sell-side analysts forecast that Linde PLC will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd will be issued a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 1.4%. The ex-dividend date is Wednesday, December 3rd. Linde’s dividend payout ratio (DPR) is 40.19%.

Analyst Upgrades and Downgrades

A number of analysts have commented on LIN shares. JPMorgan Chase & Co. cut their price objective on shares of Linde from $475.00 to $455.00 and set an “overweight” rating for the company in a report on Monday, November 3rd. Citigroup cut their price target on Linde from $535.00 to $520.00 and set a “buy” rating for the company in a report on Monday, November 3rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Linde in a research report on Monday, December 8th. Seaport Res Ptn raised Linde from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Finally, Royal Bank Of Canada cut their target price on Linde from $540.00 to $490.00 and set an “outperform” rating for the company in a research note on Friday. Two research analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $501.00.

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.