Geode Capital Management LLC Sells 17,605 Shares of Linde PLC $LIN

Geode Capital Management LLC cut its stake in Linde PLC (NASDAQ:LIN) by 0.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 11,260,826 shares of the basic materials company’s stock after selling 17,605 shares during the quarter. Geode Capital Management LLC’s holdings in Linde were worth $5,269,846,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in LIN. Brighton Jones LLC bought a new stake in Linde during the 4th quarter worth approximately $2,752,000. Revolve Wealth Partners LLC grew its position in shares of Linde by 14.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company’s stock valued at $325,000 after purchasing an additional 96 shares in the last quarter. Alps Advisors Inc. increased its holdings in shares of Linde by 52.8% in the first quarter. Alps Advisors Inc. now owns 1,288 shares of the basic materials company’s stock worth $600,000 after purchasing an additional 445 shares during the period. CWM LLC raised its position in shares of Linde by 7.3% in the first quarter. CWM LLC now owns 11,184 shares of the basic materials company’s stock worth $5,208,000 after buying an additional 758 shares in the last quarter. Finally, BluePointe Capital Management LLC bought a new stake in Linde during the first quarter valued at $212,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Linde Stock Performance

Linde stock opened at $426.65 on Wednesday. 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 company has a market capitalization of $199.22 billion, a PE ratio of 30.34, a P/E/G ratio of 2.85 and a beta of 0.91. The firm has a fifty day simple moving average of $456.92 and a two-hundred day simple moving average of $463.07. Linde PLC has a twelve month low of $408.65 and a twelve month high of $486.38.

Linde (NASDAQ:LIN) last released its quarterly earnings data on Friday, October 31st. The basic materials company reported $4.21 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 for the quarter, compared to the consensus estimate of $8.62 billion. During the same quarter in the previous year, the business earned $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. Q4 2025 guidance at 4.100-4.200 EPS. Research analysts expect that Linde PLC will post 16.54 EPS for the current year.

Linde Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have weighed in on LIN. Weiss Ratings restated a “buy (b)” rating on shares of Linde in a research note on Wednesday, October 8th. UBS Group decreased their price objective on shares of Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $516.00 target price on shares of Linde in a research note on Monday, November 3rd. JPMorgan Chase & Co. dropped their target price on shares of Linde from $475.00 to $455.00 and set an “overweight” rating for the company in a research report on Monday, November 3rd. Finally, Citigroup lowered their price objective on shares of Linde from $535.00 to $520.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Linde has an average rating of “Buy” and a consensus target price of $508.83.

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.