Linde PLC $LIN Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lessened its holdings in shares of Linde PLC (NASDAQ:LIN) by 4.2% in the 2nd quarter, Holdings Channel reports. The fund owned 717,641 shares of the basic materials company’s stock after selling 31,544 shares during the quarter. Russell Investments Group Ltd.’s holdings in Linde were worth $336,542,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in LIN. Maia Wealth LLC lifted its holdings in Linde by 38.3% in the second quarter. Maia Wealth LLC now owns 802 shares of the basic materials company’s stock valued at $376,000 after acquiring an additional 222 shares during the last quarter. North Star Asset Management Inc. raised its position in Linde by 1.5% in the second quarter. North Star Asset Management Inc. now owns 1,735 shares of the basic materials company’s stock valued at $814,000 after purchasing an additional 25 shares during the period. SlateStone Wealth LLC lifted its stake in shares of Linde by 4.2% in the 2nd quarter. SlateStone Wealth LLC now owns 4,392 shares of the basic materials company’s stock valued at $2,061,000 after purchasing an additional 177 shares during the last quarter. Elo Mutual Pension Insurance Co grew its holdings in shares of Linde by 4.3% during the 2nd quarter. Elo Mutual Pension Insurance Co now owns 36,323 shares of the basic materials company’s stock worth $17,045,000 after purchasing an additional 1,481 shares during the period. Finally, Laurel Wealth Advisors LLC increased its position in shares of Linde by 46,818.8% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 39,881 shares of the basic materials company’s stock worth $18,711,000 after purchasing an additional 39,796 shares during the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Linde Trading Up 0.0%

Shares of LIN stock opened at $407.85 on Wednesday. The company has a market capitalization of $190.45 billion, a P/E ratio of 29.01, a price-to-earnings-growth ratio of 2.85 and a beta of 0.91. 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 business’s 50 day moving average is $445.23 and its two-hundred day moving average is $460.63. Linde PLC has a twelve month low of $406.09 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 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 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 firm earned $3.94 earnings per share. 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. Equities analysts forecast that Linde PLC will post 16.54 EPS for the current year.

Linde Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders 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 1.5%. The ex-dividend date is Wednesday, December 3rd. Linde’s payout ratio is 40.19%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. UBS Group cut their price objective on Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. 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 target on shares of Linde in a research report on Monday, November 3rd. Seaport Res Ptn raised shares of Linde from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Finally, Citigroup reduced their target price on shares of Linde from $535.00 to $520.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $508.83.

Linde 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.