Helios Capital Management PTE. Ltd. Purchases 1,250 Shares of Linde PLC $LIN

Helios Capital Management PTE. Ltd. grew its position in Linde PLC (NASDAQ:LIN) by 50.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,750 shares of the basic materials company’s stock after purchasing an additional 1,250 shares during the quarter. Linde makes up approximately 1.4% of Helios Capital Management PTE. Ltd.’s portfolio, making the stock its 19th largest holding. Helios Capital Management PTE. Ltd.’s holdings in Linde were worth $1,759,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD grew its stake in shares of Linde by 5.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,600,297 shares of the basic materials company’s stock worth $4,470,284,000 after acquiring an additional 453,108 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Linde by 18.6% in the first quarter. Wellington Management Group LLP now owns 7,542,991 shares of the basic materials company’s stock worth $3,511,751,000 after acquiring an additional 1,182,157 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Linde in the first quarter worth $2,097,793,000. Invesco Ltd. grew its stake in shares of Linde by 1.1% in the first quarter. Invesco Ltd. now owns 3,859,539 shares of the basic materials company’s stock worth $1,797,156,000 after acquiring an additional 40,931 shares during the last quarter. Finally, WCM Investment Management LLC grew its stake in shares of Linde by 1.9% in the second quarter. WCM Investment Management LLC now owns 3,401,590 shares of the basic materials company’s stock worth $1,577,624,000 after acquiring an additional 61,829 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

Linde Stock Up 0.1%

Shares of NASDAQ:LIN opened at $418.23 on Thursday. Linde PLC has a 52 week low of $408.65 and a 52 week high of $486.38. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.78 and a current ratio of 0.93. The company’s fifty day moving average is $461.52 and its 200-day moving average is $463.76. The company has a market capitalization of $195.29 billion, a PE ratio of 29.75, a P/E/G ratio of 2.85 and a beta of 0.91.

Linde (NASDAQ:LIN) last issued its earnings results on Friday, October 31st. The basic materials company reported $4.21 EPS for the quarter, beating the consensus estimate of $4.18 by $0.03. Linde had a net margin of 20.20% and a return on equity of 19.09%. The company had revenue of $8.62 billion for the quarter, compared to the consensus estimate of $8.62 billion. During the same quarter in the previous year, the company earned $3.94 EPS. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. Linde has set its FY 2025 guidance at 16.350-16.450 EPS. Q4 2025 guidance at 4.100-4.200 EPS. 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 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 is Wednesday, December 3rd. Linde’s payout ratio is currently 40.19%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LIN. Weiss Ratings restated a “buy (b)” rating on shares of Linde in a research note on Wednesday, October 8th. Citigroup decreased their price target on shares of Linde from $535.00 to $520.00 and set a “buy” rating on the stock in a research note on Monday. Sanford C. Bernstein reiterated an “outperform” rating and set a $516.00 price target on shares of Linde in a research note on Monday. JPMorgan Chase & Co. decreased their price target on shares of Linde from $475.00 to $455.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, Seaport Res Ptn upgraded shares of Linde from a “hold” rating to a “strong-buy” rating in a research note on Monday. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $514.83.

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.