Flossbach Von Storch SE Has $171.72 Million Position in Linde PLC $LIN

Flossbach Von Storch SE trimmed its holdings in shares of Linde PLC (NASDAQ:LIN) by 2.5% in the second quarter, HoldingsChannel reports. The institutional investor owned 366,009 shares of the basic materials company’s stock after selling 9,573 shares during the period. Flossbach Von Storch SE’s holdings in Linde were worth $171,724,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. eCIO Inc. acquired a new position in Linde during the first quarter valued at approximately $45,000. Clal Insurance Enterprises Holdings Ltd increased its position in shares of Linde by 445.0% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company’s stock worth $51,000 after purchasing an additional 89 shares during the last quarter. Nova Wealth Management Inc. bought a new stake in shares of Linde during the 1st quarter worth approximately $52,000. Costello Asset Management INC bought a new stake in shares of Linde during the 1st quarter worth approximately $54,000. Finally, Activest Wealth Management boosted its holdings in shares of Linde by 5,800.0% in the 1st quarter. Activest Wealth Management now owns 118 shares of the basic materials company’s stock valued at $55,000 after buying an additional 116 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

Linde Trading Up 1.2%

Shares of LIN opened at $420.51 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.78 and a current ratio of 0.93. Linde PLC has a 52-week low of $408.65 and a 52-week high of $486.38. The firm has a market cap of $196.36 billion, a price-to-earnings ratio of 29.91, a PEG ratio of 2.85 and a beta of 0.91. The business’s fifty day moving average is $459.02 and its 200-day moving average is $463.32.

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 analysts’ consensus estimates 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 return on equity of 19.09% and a net margin of 20.20%.The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.94 earnings per share. Linde has set its FY 2025 guidance at 16.350-16.450 EPS. Q4 2025 guidance at 4.100-4.200 EPS. Equities analysts anticipate that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd will be given a dividend of $1.50 per share. The ex-dividend date is Wednesday, December 3rd. This represents a $6.00 dividend on an annualized basis and a yield of 1.4%. Linde’s payout ratio is currently 40.19%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on LIN shares. UBS Group lowered their target price on shares of Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. Weiss Ratings restated a “buy (b)” rating on shares of Linde in a research note on Wednesday, October 8th. Citigroup decreased their target price on Linde from $535.00 to $520.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Royal Bank Of Canada cut their target price on shares of Linde from $576.00 to $540.00 and set an “outperform” rating for the company in a research note on Thursday. Finally, Seaport Res Ptn raised shares of Linde from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price 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.