Linde PLC $LIN Stock Holdings Decreased by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its position in Linde PLC (NASDAQ:LIN) by 3.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 572,146 shares of the basic materials company’s stock after selling 19,356 shares during the quarter. New York State Common Retirement Fund owned approximately 0.12% of Linde worth $268,439,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new position in Linde during the fourth quarter valued at $2,752,000. Revolve Wealth Partners LLC grew its stake in Linde by 14.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company’s stock valued at $325,000 after acquiring an additional 96 shares in the last quarter. Arkadios Wealth Advisors increased its holdings in shares of Linde by 33.6% in the 1st quarter. Arkadios Wealth Advisors now owns 1,736 shares of the basic materials company’s stock valued at $809,000 after purchasing an additional 437 shares during the period. Hoxton Planning & Management LLC purchased a new stake in shares of Linde in the first quarter worth approximately $423,000. Finally, Sound View Wealth Advisors Group LLC lifted its position in shares of Linde by 4.3% in the first quarter. Sound View Wealth Advisors Group LLC now owns 2,219 shares of the basic materials company’s stock worth $1,033,000 after purchasing an additional 92 shares in the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Linde Stock Up 0.6%

LIN stock opened at $410.33 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 0.49. Linde PLC has a 1 year low of $406.09 and a 1 year high of $486.38. The company has a fifty day simple moving average of $441.05 and a 200 day simple moving average of $459.59. The firm has a market cap of $191.60 billion, a PE ratio of 29.18, a PEG ratio of 2.85 and a beta of 0.91.

Linde (NASDAQ:LIN) last posted its earnings results on Friday, October 31st. The basic materials company reported $4.21 EPS for the quarter, topping the consensus estimate 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 period in the prior year, the business posted $3.94 earnings per share. The business’s quarterly 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. Sell-side analysts anticipate that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 1.5%. The ex-dividend date is Wednesday, December 3rd. Linde’s payout ratio is 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.