Zions Bancorporation National Association UT Buys 9,745 Shares of Linde PLC $LIN

Zions Bancorporation National Association UT lifted its stake in Linde PLC (NASDAQ:LIN) by 1,561.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,369 shares of the basic materials company’s stock after acquiring an additional 9,745 shares during the quarter. Zions Bancorporation National Association UT’s holdings in Linde were worth $4,865,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its position 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 worth $4,470,284,000 after purchasing an additional 453,108 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Linde by 18.6% in the first 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 in the last quarter. Nuveen LLC acquired a new position in Linde during the first quarter worth $2,097,793,000. Invesco Ltd. raised its position in Linde by 1.1% during the first quarter. Invesco Ltd. now owns 3,859,539 shares of the basic materials company’s stock worth $1,797,156,000 after acquiring an additional 40,931 shares in the last quarter. Finally, WCM Investment Management LLC raised its position in Linde by 1.9% during the second quarter. WCM Investment Management LLC now owns 3,401,590 shares of the basic materials company’s stock worth $1,577,624,000 after acquiring an additional 61,829 shares in the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Linde Stock Up 1.2%

LIN opened at $420.51 on Friday. The stock has a fifty day moving average of $459.02 and a 200-day moving average of $463.32. The company has a market capitalization of $196.36 billion, a P/E ratio of 29.91, a P/E/G ratio of 2.85 and a beta of 0.91. Linde PLC has a fifty-two week low of $408.65 and a fifty-two week high of $486.38. 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 (NASDAQ:LIN) last released its quarterly 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. Linde had a net margin of 20.20% and a return on equity of 19.09%. The business had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.62 billion. During the same period last year, the firm earned $3.94 earnings per share. Linde’s revenue for the quarter was up 2.9% compared to the same quarter last year. Linde has set its FY 2025 guidance at 16.350-16.450 EPS. Q4 2025 guidance at 4.100-4.200 EPS. On average, equities analysts expect that Linde PLC will post 16.54 EPS for the current year.

Linde Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be issued a dividend of $1.50 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $6.00 annualized dividend and a dividend yield of 1.4%. Linde’s dividend payout ratio (DPR) is currently 40.19%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on LIN. JPMorgan Chase & Co. decreased their price objective on shares of Linde from $475.00 to $455.00 and set an “overweight” rating for the company in a research report on Monday, November 3rd. UBS Group reduced their price target 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 lowered their price target on Linde from $576.00 to $540.00 and set an “outperform” rating on the stock in a research report on Thursday. Seaport Res Ptn raised Linde from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Finally, Citigroup reduced 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. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Linde currently has an average rating of “Buy” and an average 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.