Telligent Fund LP Boosts Holdings in Linde PLC $LIN

Telligent Fund LP raised its position in Linde PLC (NASDAQ:LIN) by 6.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,000 shares of the basic materials company’s stock after purchasing an additional 400 shares during the period. Linde accounts for 3.0% of Telligent Fund LP’s investment portfolio, making the stock its 14th biggest position. Telligent Fund LP’s holdings in Linde were worth $3,284,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Catalyst Funds Management Pty Ltd raised its position in shares of Linde by 275.0% in the second quarter. Catalyst Funds Management Pty Ltd now owns 4,500 shares of the basic materials company’s stock worth $2,111,000 after buying an additional 3,300 shares in the last quarter. Ensign Peak Advisors Inc increased its stake in Linde by 6.6% in the 2nd quarter. Ensign Peak Advisors Inc now owns 242,383 shares of the basic materials company’s stock worth $113,721,000 after acquiring an additional 14,997 shares during the last quarter. Saturna Capital Corp raised its holdings in shares of Linde by 0.8% in the 2nd quarter. Saturna Capital Corp now owns 135,977 shares of the basic materials company’s stock valued at $63,798,000 after acquiring an additional 1,040 shares in the last quarter. TD Waterhouse Canada Inc. raised its holdings in shares of Linde by 0.3% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 40,780 shares of the basic materials company’s stock valued at $19,433,000 after acquiring an additional 134 shares in the last quarter. Finally, Primecap Management Co. CA boosted its position in shares of Linde by 85.2% during the 2nd quarter. Primecap Management Co. CA now owns 523,920 shares of the basic materials company’s stock valued at $245,813,000 after acquiring an additional 241,000 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on LIN. Weiss Ratings restated a “buy (b)” rating on shares of Linde in a research report on Wednesday, October 8th. UBS Group cut 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. Sanford C. Bernstein restated an “outperform” rating and set a $516.00 price objective on shares of Linde in a research report on Monday, November 3rd. JPMorgan Chase & Co. dropped their price objective on shares of Linde from $475.00 to $455.00 and set an “overweight” rating for the company in a report on Monday, November 3rd. Finally, Seaport Res Ptn upgraded shares of Linde from a “hold” rating to a “strong-buy” rating 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 one has assigned a Hold rating to the stock. According to data from MarketBeat, Linde currently has a consensus rating of “Buy” and a consensus target price of $508.83.

Linde Stock Down 0.4%

Shares of NASDAQ LIN opened at $413.20 on Thursday. The stock has a market capitalization of $192.94 billion, a P/E ratio of 29.39, a PEG ratio of 2.85 and a beta of 0.91. Linde PLC has a one year low of $408.65 and a one year high of $486.38. The firm’s 50 day simple moving average is $450.77 and its two-hundred day simple moving average is $461.74. 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 announced its quarterly earnings data on Friday, October 31st. The basic materials company reported $4.21 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $8.62 billion. During the same quarter in the prior year, the company earned $3.94 EPS. The firm’s 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. As a group, analysts expect that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd will be given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 1.5%. The ex-dividend date is Wednesday, December 3rd. Linde’s dividend payout ratio is presently 40.19%.

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.