Linde PLC $LIN Shares Sold by Calamos Wealth Management LLC

Calamos Wealth Management LLC trimmed its stake in Linde PLC (NASDAQ:LIN) by 8.6% in the third quarter, HoldingsChannel.com reports. The fund owned 33,012 shares of the basic materials company’s stock after selling 3,109 shares during the quarter. Calamos Wealth Management LLC’s holdings in Linde were worth $15,681,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Darwin Wealth Management LLC purchased a new position in Linde in the 2nd quarter valued at about $25,000. YANKCOM Partnership grew its holdings in shares of Linde by 195.2% during the third quarter. YANKCOM Partnership now owns 62 shares of the basic materials company’s stock worth $29,000 after buying an additional 41 shares in the last quarter. Albion Financial Group UT raised its position in shares of Linde by 87.8% in the third quarter. Albion Financial Group UT now owns 77 shares of the basic materials company’s stock valued at $37,000 after buying an additional 36 shares during the last quarter. eCIO Inc. purchased a new position in shares of Linde during the first quarter valued at approximately $45,000. Finally, Howard Hughes Medical Institute acquired a new stake in Linde during the second quarter worth approximately $48,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Price Performance

Shares of Linde stock opened at $428.36 on Wednesday. The business’s fifty day moving average price is $418.58 and its 200 day moving average price is $451.75. Linde PLC has a twelve month low of $387.78 and a twelve 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 stock has a market capitalization of $200.02 billion, a P/E ratio of 28.69, a PEG ratio of 3.27 and a beta of 0.85.

Linde (NASDAQ:LIN) last released its quarterly earnings data on Friday, October 31st. The basic materials company reported $4.21 EPS for the quarter, topping analysts’ consensus estimates of $4.18 by $0.03. The company had revenue of $8.62 billion for 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 quarterly revenue was up 2.9% compared to the same quarter last year. During the same period last year, the business posted $3.94 EPS. Linde has set its FY 2025 guidance at 16.350-16.450 EPS and its Q4 2025 guidance at 4.100-4.200 EPS. As a group, research analysts anticipate that Linde PLC will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have weighed in on LIN. Royal Bank Of Canada cut their price target on Linde from $540.00 to $490.00 and set an “outperform” rating for the company in a report on Friday, December 12th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Linde in a research report on Monday. Sanford C. Bernstein reiterated an “outperform” rating and set a $516.00 target price on shares of Linde in a research report on Monday, November 3rd. BMO Capital Markets set a $501.00 price target on Linde in a research note on Wednesday, December 17th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Linde from $475.00 to $455.00 and set an “overweight” rating for the company in a research note on Monday, November 3rd. Two investment 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 stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $501.00.

Linde Profile

Linde (NASDAQ: LIN) is a multinational industrial gases and engineering company that supplies gases, related technologies and services to a wide range of industries. The company traces its current form to the 2018 combination of Germany’s Linde AG and U.S.-based Praxair, creating one of the largest global providers of industrial, specialty and medical gases. Linde’s business model centers on production, processing and distribution of gases as well as the design and construction of the plants and equipment needed to produce them.

Core products and services include atmospheric and process gases such as oxygen, nitrogen and argon; hydrogen and helium; carbon dioxide; and a portfolio of higher‑value specialty and electronic gases.