Linde PLC $LIN Shares Bought by Nordea Investment Management AB

Nordea Investment Management AB increased its stake in Linde PLC (NASDAQ:LIN) by 6.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,580,032 shares of the basic materials company’s stock after buying an additional 91,001 shares during the quarter. Linde comprises about 0.7% of Nordea Investment Management AB’s holdings, making the stock its 28th biggest position. Nordea Investment Management AB’s holdings in Linde were worth $753,573,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. New Republic Capital LLC lifted its stake in shares of Linde by 4.5% in the 3rd quarter. New Republic Capital LLC now owns 878 shares of the basic materials company’s stock worth $417,000 after acquiring an additional 38 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its holdings in Linde by 0.3% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 20,308 shares of the basic materials company’s stock worth $9,646,000 after purchasing an additional 55 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC lifted its position in Linde by 167.6% in the third quarter. Mowery & Schoenfeld Wealth Management LLC now owns 495 shares of the basic materials company’s stock worth $235,000 after purchasing an additional 310 shares during the period. First Horizon Corp bought a new position in Linde during the 3rd quarter valued at $340,000. Finally, Lederer & Associates Investment Counsel CA increased its position in shares of Linde by 12.4% during the 3rd quarter. Lederer & Associates Investment Counsel CA now owns 4,101 shares of the basic materials company’s stock valued at $1,948,000 after purchasing an additional 453 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on LIN. Citigroup decreased their target price on Linde from $535.00 to $520.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. 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. UBS Group reiterated a “buy” rating on shares of Linde in a report on Friday, December 12th. JPMorgan Chase & Co. cut their target price on shares of Linde from $475.00 to $455.00 and set an “overweight” rating for the company in a research note on Monday, November 3rd. Finally, CICC Research began coverage on shares of Linde in a research report on Wednesday, December 3rd. They issued an “outperform” rating and a $510.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $499.25.

Linde Stock Down 0.1%

Shares of NASDAQ:LIN opened at $443.63 on Tuesday. The firm has a 50 day simple moving average of $418.32 and a 200 day simple moving average of $450.10. Linde PLC has a 52 week low of $387.78 and a 52 week high of $486.38. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.69 and a current ratio of 0.82. The company has a market cap of $207.15 billion, a PE ratio of 29.71, a price-to-earnings-growth ratio of 3.11 and a beta of 0.85.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Friday, October 31st. The basic materials company reported $4.21 earnings per share for the quarter, topping the consensus estimate of $4.18 by $0.03. The firm had revenue of $8.62 billion for the quarter, compared to analysts’ expectations of $8.62 billion. Linde had a net margin of 21.17% and a return on equity of 19.38%. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company posted $3.94 EPS. Linde has set its FY 2025 guidance at 16.350-16.450 EPS and its Q4 2025 guidance at 4.100-4.200 EPS. As a group, research analysts expect that Linde PLC will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd were paid a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Wednesday, December 3rd. Linde’s dividend payout ratio is currently 40.19%.

Linde Company Profile

Linde (NASDAQ: LIN) is a multinational industrial gases and engineering company that supplies gases, related technologies and services to a wide range of industries. The company traces its current form to the 2018 combination of Germany’s Linde AG and U.S.-based Praxair, creating one of the largest global providers of industrial, specialty and medical gases. Linde’s business model centers on production, processing and distribution of gases as well as the design and construction of the plants and equipment needed to produce them.

Core products and services include atmospheric and process gases such as oxygen, nitrogen and argon; hydrogen and helium; carbon dioxide; and a portfolio of higher‑value specialty and electronic gases.