ProShare Advisors LLC Has $507.69 Million Holdings in Linde PLC $LIN

ProShare Advisors LLC cut its holdings in shares of Linde PLC (NASDAQ:LIN) by 0.2% during the second quarter, Holdings Channel reports. The fund owned 1,082,070 shares of the basic materials company’s stock after selling 1,732 shares during the period. Linde makes up about 1.0% of ProShare Advisors LLC’s portfolio, making the stock its 12th biggest position. ProShare Advisors LLC’s holdings in Linde were worth $507,686,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Brighton Jones LLC bought a new position in Linde in the 4th quarter worth approximately $2,752,000. Revolve Wealth Partners LLC raised its position in shares of Linde by 14.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company’s stock worth $325,000 after acquiring an additional 96 shares during the last quarter. Alps Advisors Inc. raised its position in shares of Linde by 52.8% during the first quarter. Alps Advisors Inc. now owns 1,288 shares of the basic materials company’s stock worth $600,000 after acquiring an additional 445 shares during the last quarter. Kathmere Capital Management LLC boosted its holdings in Linde by 12.6% in the first quarter. Kathmere Capital Management LLC now owns 1,535 shares of the basic materials company’s stock valued at $715,000 after acquiring an additional 172 shares during the last quarter. Finally, Pittenger & Anderson Inc. lifted its position in Linde by 0.9% during the 1st quarter. Pittenger & Anderson Inc. now owns 23,756 shares of the basic materials company’s stock valued at $11,062,000 after purchasing an additional 201 shares during the period. Institutional investors own 82.80% of the company’s stock.

Analyst Ratings Changes

LIN has been the subject of a number of recent research reports. JPMorgan Chase & Co. dropped their price target on shares of Linde from $475.00 to $455.00 and set an “overweight” rating for the company in a research note on Monday, November 3rd. Sanford C. Bernstein reissued an “outperform” rating and issued a $516.00 price target on shares of Linde in a research note on Monday, November 3rd. Weiss Ratings restated a “buy (b)” rating on shares of Linde in a research report on Wednesday, October 8th. Seaport Res Ptn raised Linde from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Finally, Royal Bank Of Canada cut their target price on Linde from $576.00 to $540.00 and set an “outperform” rating on the stock in a research note on Thursday. Two equities research 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. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $508.83.

Linde Stock Up 1.2%

LIN opened at $420.51 on Monday. The stock’s fifty day simple moving average is $459.02 and its 200 day simple moving average is $463.43. Linde PLC has a 1-year low of $408.65 and a 1-year high of $486.38. The stock has a market cap of $196.36 billion, a PE ratio of 29.91, a price-to-earnings-growth ratio of 2.85 and a beta of 0.91. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 0.49.

Linde (NASDAQ:LIN) last issued its quarterly earnings data 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. The company had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.62 billion. Linde had a net margin of 20.20% and a return on equity of 19.09%. The company’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $3.94 earnings per share. 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, research analysts expect that Linde PLC will post 16.54 earnings per share for the current year.

Linde Announces Dividend

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

Linde Company 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.