Walkner Condon Financial Advisors LLC Acquires Shares of 444 Linde PLC $LIN

Walkner Condon Financial Advisors LLC acquired a new position in Linde PLC (NASDAQ:LIN) during the second quarter, HoldingsChannel reports. The fund acquired 444 shares of the basic materials company’s stock, valued at approximately $208,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LIN. Price T Rowe Associates Inc. MD increased 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 grew its stake in shares of Linde by 18.6% during the first 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 purchasing an additional 1,182,157 shares during the last quarter. Nuveen LLC bought a new position in Linde in the 1st quarter worth approximately $2,097,793,000. Invesco Ltd. lifted its holdings in Linde by 1.1% during the 1st quarter. Invesco Ltd. now owns 3,859,539 shares of the basic materials company’s stock worth $1,797,156,000 after buying an additional 40,931 shares in the last quarter. Finally, WCM Investment Management LLC boosted 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 buying an additional 61,829 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on LIN. UBS Group decreased their price target on Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Linde in a research note on Wednesday, October 8th. Citigroup lowered their price target 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. JPMorgan Chase & Co. cut their price objective on shares of Linde from $475.00 to $455.00 and set an “overweight” rating on the stock in a report on Monday, November 3rd. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $516.00 price objective on shares of Linde in a research note on Monday. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $508.83.

Linde Stock Up 1.2%

Shares of LIN stock opened at $420.51 on Friday. Linde PLC has a 12-month low of $408.65 and a 12-month high of $486.38. 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 firm has a fifty day moving average of $459.02 and a 200-day moving average of $463.26. The company has a market capitalization of $196.36 billion, a price-to-earnings ratio of 29.91, a P/E/G ratio of 2.85 and a beta of 0.91.

Linde (NASDAQ:LIN) last posted its quarterly earnings data 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 business had revenue of $8.62 billion for the quarter, compared to analysts’ expectations of $8.62 billion. During the same period in the previous year, the firm posted $3.94 EPS. The firm’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. As a group, 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 disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd will be issued a dividend of $1.50 per share. The ex-dividend date is Wednesday, December 3rd. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.4%. Linde’s dividend payout ratio (DPR) is presently 40.19%.

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.