Saturna Capital Corp Boosts Holdings in Linde PLC $LIN

Saturna Capital Corp increased its position in Linde PLC (NASDAQ:LIN) by 0.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 135,977 shares of the basic materials company’s stock after buying an additional 1,040 shares during the quarter. Saturna Capital Corp’s holdings in Linde were worth $63,798,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. eCIO Inc. acquired a new stake in shares of Linde during the first quarter valued at about $45,000. Clal Insurance Enterprises Holdings Ltd increased its holdings in Linde by 445.0% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company’s stock worth $51,000 after purchasing an additional 89 shares during the last quarter. Nova Wealth Management Inc. purchased a new stake in Linde during the 1st quarter worth approximately $52,000. Costello Asset Management INC acquired a new position in shares of Linde in the 1st quarter valued at approximately $54,000. Finally, Activest Wealth Management boosted its stake in shares of Linde by 5,800.0% during the 1st quarter. Activest Wealth Management now owns 118 shares of the basic materials company’s stock valued at $55,000 after buying an additional 116 shares during the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Linde Stock Down 0.7%

LIN stock opened at $414.72 on Wednesday. The firm has a market cap of $193.65 billion, a price-to-earnings ratio of 29.50, a PEG ratio of 2.85 and a beta of 0.91. Linde PLC has a 1-year low of $408.65 and a 1-year high of $486.38. The firm has a fifty day moving average price of $451.96 and a two-hundred day moving average price of $462.08. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.93 and a quick ratio of 0.78.

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

Linde Announces Dividend

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

Analysts Set New Price Targets

LIN has been the subject of a number of research analyst reports. UBS Group dropped their price target on shares of Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Citigroup decreased their price objective on shares of Linde from $535.00 to $520.00 and set a “buy” rating for the company in a report on Monday, November 3rd. Royal Bank Of Canada dropped their target price on shares of Linde from $576.00 to $540.00 and set an “outperform” rating for the company in a research report on Thursday, November 6th. Seaport Res Ptn raised shares of Linde from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Finally, JPMorgan Chase & Co. decreased their price target on Linde from $475.00 to $455.00 and set an “overweight” rating for the company in a research note on Monday, November 3rd. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $508.83.

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.