Silver Oak Securities Incorporated Sells 1,304 Shares of Linde PLC $LIN

Silver Oak Securities Incorporated decreased its holdings in Linde PLC (NASDAQ:LIN) by 67.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 627 shares of the basic materials company’s stock after selling 1,304 shares during the quarter. Silver Oak Securities Incorporated’s holdings in Linde were worth $298,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Global Financial Private Client LLC bought a new position in shares of Linde in the third quarter valued at about $210,000. Generali Asset Management SPA SGR increased its position in Linde by 14.0% in the 3rd quarter. Generali Asset Management SPA SGR now owns 44,981 shares of the basic materials company’s stock valued at $21,366,000 after acquiring an additional 5,526 shares in the last quarter. Golden State Equity Partners raised its stake in shares of Linde by 1.9% in the third quarter. Golden State Equity Partners now owns 2,374 shares of the basic materials company’s stock worth $1,128,000 after acquiring an additional 44 shares during the last quarter. Guyasuta Investment Advisors Inc. lifted its position in shares of Linde by 0.3% during the third quarter. Guyasuta Investment Advisors Inc. now owns 91,346 shares of the basic materials company’s stock worth $43,389,000 after purchasing an additional 269 shares in the last quarter. Finally, Financial Consulate Inc. bought a new stake in shares of Linde during the third quarter valued at approximately $376,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Stock Up 0.9%

NASDAQ:LIN opened at $433.10 on Tuesday. The company has a quick ratio of 0.69, a current ratio of 0.82 and a debt-to-equity ratio of 0.46. Linde PLC has a 12-month low of $387.78 and a 12-month high of $486.38. The stock’s fifty day simple moving average is $417.06 and its 200-day simple moving average is $450.84. The firm has a market capitalization of $202.24 billion, a P/E ratio of 29.01, a P/E/G ratio of 3.03 and a beta of 0.85.

Linde (NASDAQ:LIN) last released its earnings results on Friday, October 31st. The basic materials company reported $4.21 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $8.62 billion. During the same quarter in the prior year, the firm posted $3.94 earnings per share. The company’s quarterly revenue was up 2.9% on a year-over-year basis. Linde has set its FY 2025 guidance at 16.350-16.450 EPS and its Q4 2025 guidance at 4.100-4.200 EPS. Equities research analysts expect that Linde PLC will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

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

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Citigroup dropped their price objective on shares of Linde from $535.00 to $520.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Sanford C. Bernstein restated an “outperform” rating and set a $516.00 target price on shares of Linde in a research report on Monday, November 3rd. CICC Research started coverage on Linde in a research note on Wednesday, December 3rd. They set an “outperform” rating and a $510.00 price target on the stock. JPMorgan Chase & Co. lowered 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. Finally, Seaport Res Ptn raised Linde from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Linde presently 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.