Braun Stacey Associates Inc. Boosts Position in Linde PLC $LIN

Braun Stacey Associates Inc. grew its holdings in shares of Linde PLC (NASDAQ:LIN) by 5.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,970 shares of the basic materials company’s stock after buying an additional 1,653 shares during the quarter. Braun Stacey Associates Inc.’s holdings in Linde were worth $14,236,000 at the end of the most recent quarter.

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

Linde Stock Down 0.5%

LIN stock opened at $426.39 on Friday. 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 50 day simple moving average of $417.63 and a 200-day simple moving average of $451.40. The company has a market capitalization of $199.10 billion, a P/E ratio of 28.56, a PEG ratio of 3.27 and a beta of 0.85. Linde PLC has a twelve month low of $387.78 and a twelve month high of $486.38.

Linde (NASDAQ:LIN) last posted its quarterly earnings results on Friday, October 31st. The basic materials company reported $4.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.18 by $0.03. The firm had revenue of $8.62 billion for 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 firm’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the company 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 research analysts predict that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Dividend Announcement

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

Wall Street Analysts Forecast Growth

LIN has been the topic of several recent research reports. JPMorgan Chase & Co. reduced their price target on Linde from $475.00 to $455.00 and set an “overweight” rating on the stock in a research report on Monday, November 3rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Linde in a research note on Monday. Sanford C. Bernstein restated an “outperform” rating and issued a $516.00 target price on shares of Linde in a research note on Monday, November 3rd. Seaport Res Ptn raised shares of Linde from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Finally, Mizuho set a $495.00 price objective on shares of Linde in a report on Thursday, December 11th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $501.00.

Linde Company 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.