Linde PLC $LIN Shares Sold by C WorldWide Group Holding A S

C WorldWide Group Holding A S reduced its holdings in shares of Linde PLC (NASDAQ:LIN) by 12.3% in the second quarter, HoldingsChannel.com reports. The fund owned 918,712 shares of the basic materials company’s stock after selling 129,361 shares during the quarter. Linde accounts for 5.8% of C WorldWide Group Holding A S’s holdings, making the stock its 5th biggest position. C WorldWide Group Holding A S’s holdings in Linde were worth $431,041,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its position in Linde by 5.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,600,297 shares of the basic materials company’s stock valued at $4,470,284,000 after acquiring an additional 453,108 shares in the last quarter. Wellington Management Group LLP lifted its position in Linde by 18.6% in the 1st quarter. Wellington Management Group LLP now owns 7,542,991 shares of the basic materials company’s stock valued at $3,511,751,000 after acquiring an additional 1,182,157 shares in the last quarter. Nuveen LLC bought a new position in Linde in the 1st quarter valued at about $2,097,793,000. Invesco Ltd. lifted its position in Linde by 1.1% in the 1st quarter. Invesco Ltd. now owns 3,859,539 shares of the basic materials company’s stock valued at $1,797,156,000 after acquiring an additional 40,931 shares in the last quarter. Finally, WCM Investment Management LLC lifted its position in Linde by 1.9% in the 2nd quarter. WCM Investment Management LLC now owns 3,401,590 shares of the basic materials company’s stock valued at $1,577,624,000 after acquiring an additional 61,829 shares in the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Linde Trading Up 0.1%

Shares of LIN stock opened at $418.23 on Thursday. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 0.49. The business has a 50-day moving average price of $461.52 and a two-hundred day moving average price of $463.76. Linde PLC has a 12-month low of $408.65 and a 12-month high of $486.38. The firm has a market cap of $195.29 billion, a P/E ratio of 29.75, a price-to-earnings-growth ratio of 2.85 and a beta of 0.91.

Linde (NASDAQ:LIN) last issued its quarterly earnings results on Friday, October 31st. The basic materials company reported $4.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.18 by $0.03. Linde had a return on equity of 19.09% and a net margin of 20.20%.The firm had revenue of $8.62 billion during the quarter, compared to analyst estimates of $8.62 billion. During the same quarter in the previous year, the company posted $3.94 earnings per share. The company’s revenue 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 analysts anticipate that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have commented on LIN shares. Seaport Res Ptn raised shares of Linde from a “hold” rating to a “strong-buy” rating in a research report on Monday. JPMorgan Chase & Co. lowered their price target on shares of Linde from $475.00 to $455.00 and set an “overweight” rating on the stock in a report on Monday. Citigroup lowered their price target on shares of Linde from $535.00 to $520.00 and set a “buy” rating on the stock in a report on Monday. UBS Group lowered their price objective on Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Linde in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Linde presently has an average rating of “Buy” and a consensus target price of $514.83.

Linde 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.