Rhumbline Advisers Sells 53,779 Shares of Linde PLC $LIN

Rhumbline Advisers decreased its holdings in Linde PLC (NASDAQ:LIN) by 6.2% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 812,255 shares of the basic materials company’s stock after selling 53,779 shares during the quarter. Rhumbline Advisers’ holdings in Linde were worth $381,094,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Brighton Jones LLC purchased a new stake in shares of Linde during the 4th quarter worth $2,752,000. Revolve Wealth Partners LLC raised its holdings in Linde by 14.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company’s stock worth $325,000 after purchasing an additional 96 shares in the last quarter. AE Wealth Management LLC lifted its position in shares of Linde by 30.5% during the first quarter. AE Wealth Management LLC now owns 11,485 shares of the basic materials company’s stock valued at $5,348,000 after buying an additional 2,686 shares during the last quarter. Pinnacle Associates Ltd. boosted its holdings in shares of Linde by 1.0% in the 1st quarter. Pinnacle Associates Ltd. now owns 4,324 shares of the basic materials company’s stock valued at $2,013,000 after buying an additional 44 shares in the last quarter. Finally, Machina Capital S.A.S. purchased a new position in shares of Linde in the 1st quarter worth approximately $559,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on LIN. Citigroup decreased their target price on shares of Linde from $535.00 to $520.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Royal Bank Of Canada decreased their price objective on Linde from $576.00 to $540.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. Sanford C. Bernstein restated an “outperform” rating and set a $516.00 target price on shares of Linde in a research note on Monday, November 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Linde in a research report on Wednesday, October 8th. Finally, UBS Group decreased their price target on Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Linde presently has a consensus rating of “Buy” and an average price target of $508.83.

Linde Trading Up 1.0%

NASDAQ:LIN opened at $412.74 on Friday. Linde PLC has a 12 month low of $406.42 and a 12 month high of $486.38. The firm has a fifty day simple moving average of $447.88 and a 200-day simple moving average of $461.09. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $192.73 billion, a P/E ratio of 29.36, a PEG ratio of 2.85 and a beta of 0.91.

Linde (NASDAQ:LIN) last released its earnings results on Friday, October 31st. The basic materials company reported $4.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.18 by $0.03. The firm had revenue of $8.62 billion for the quarter, compared to the consensus estimate of $8.62 billion. Linde had a return on equity of 19.09% and a net margin of 20.20%.The firm’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 EPS. Linde has set its FY 2025 guidance at 16.350-16.450 EPS. Q4 2025 guidance at 4.100-4.200 EPS. On average, equities research analysts anticipate that Linde PLC will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be paid a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Wednesday, December 3rd. Linde’s dividend payout ratio (DPR) is presently 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.