Linde PLC $LIN Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. trimmed its position in Linde PLC (NASDAQ:LIN) by 8.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 241,914 shares of the basic materials company’s stock after selling 22,234 shares during the period. Rockefeller Capital Management L.P. owned about 0.05% of Linde worth $113,502,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Nuveen LLC acquired a new position in Linde in the 1st quarter valued at $2,097,793,000. Deutsche Bank AG increased its stake in Linde by 172.4% in the first quarter. Deutsche Bank AG now owns 2,407,637 shares of the basic materials company’s stock valued at $1,121,092,000 after purchasing an additional 1,523,702 shares during the last quarter. Wellington Management Group LLP lifted its position in 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 worth $3,511,751,000 after buying an additional 1,182,157 shares during the period. Alecta Tjanstepension Omsesidigt acquired a new stake in Linde in the 1st quarter worth about $233,405,000. Finally, Price T Rowe Associates Inc. MD grew its holdings 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 buying an additional 453,108 shares during the period. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Linde Stock Performance

Shares of LIN stock opened at $423.39 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.93 and a quick ratio of 0.78. The firm has a market cap of $197.70 billion, a P/E ratio of 30.11, a PEG ratio of 2.85 and a beta of 0.91. The stock’s 50-day moving average is $454.27 and its two-hundred day moving average is $462.51. Linde PLC has a fifty-two week low of $408.65 and a fifty-two week high of $486.38.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Friday, October 31st. The basic materials company reported $4.21 EPS for the quarter, beating analysts’ consensus estimates 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 quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the firm posted $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. Analysts predict that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on LIN. Weiss Ratings reiterated a “buy (b)” rating on shares of Linde in a report on Wednesday, October 8th. Royal Bank Of Canada cut their price target on shares of Linde from $576.00 to $540.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. Sanford C. Bernstein reissued an “outperform” rating and set a $516.00 price objective on shares of Linde in a research note on Monday, November 3rd. Seaport Res Ptn upgraded Linde from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Finally, Citigroup dropped their price target on Linde from $535.00 to $520.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Two research 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. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average 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.