Mackenzie Financial Corp Buys 183,280 Shares of Linde PLC $LIN

Mackenzie Financial Corp lifted its stake in Linde PLC (NASDAQ:LIN) by 19.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,109,411 shares of the basic materials company’s stock after acquiring an additional 183,280 shares during the quarter. Mackenzie Financial Corp owned 0.24% of Linde worth $520,513,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in Linde by 0.7% in the second quarter. Vanguard Group Inc. now owns 44,638,847 shares of the basic materials company’s stock worth $20,943,654,000 after purchasing an additional 292,492 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Linde by 5.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,600,297 shares of the basic materials company’s stock valued at $4,470,284,000 after buying an additional 453,108 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Linde by 18.6% during the 1st quarter. Wellington Management Group LLP now owns 7,542,991 shares of the basic materials company’s stock valued at $3,511,751,000 after buying an additional 1,182,157 shares during the period. Norges Bank purchased a new position in shares of Linde in the 2nd quarter worth $3,098,772,000. Finally, Nuveen LLC bought a new stake in shares of Linde in the first quarter worth $2,097,793,000. 82.80% of the stock is owned by hedge funds and other institutional investors.

Linde Trading Up 0.6%

Shares of NASDAQ:LIN opened at $410.33 on Friday. The stock has a 50 day moving average of $441.05 and a 200 day moving average of $459.59. The company has a market cap of $191.60 billion, a PE ratio of 29.18, a price-to-earnings-growth ratio of 2.85 and a beta of 0.91. Linde PLC has a 12-month low of $406.09 and a 12-month high of $486.38. 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 (NASDAQ:LIN) last released its earnings results 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. The company had revenue of $8.62 billion for the quarter, compared to analysts’ expectations of $8.62 billion. Linde had a net margin of 20.20% and a return on equity of 19.09%. The firm’s revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the business 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. As a group, equities research analysts expect that Linde PLC will post 16.54 EPS for the current year.

Linde Dividend Announcement

The company 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. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $6.00 annualized dividend and a yield of 1.5%. Linde’s dividend payout ratio is currently 40.19%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Seaport Res Ptn raised Linde from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Royal Bank Of Canada reduced their price target 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. Citigroup dropped their price objective 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 target price on shares of Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Finally, JPMorgan Chase & Co. decreased their price target on shares of 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 issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus 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.