S&CO Inc. Has $12.25 Million Position in Linde PLC $LIN

S&CO Inc. trimmed its position in Linde PLC (NASDAQ:LIN) by 0.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,101 shares of the basic materials company’s stock after selling 179 shares during the period. S&CO Inc.’s holdings in Linde were worth $12,246,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Breakwater Capital Group increased its stake in Linde by 2.3% in the second quarter. Breakwater Capital Group now owns 980 shares of the basic materials company’s stock valued at $460,000 after purchasing an additional 22 shares in the last quarter. Canopy Partners LLC grew its holdings in shares of Linde by 2.9% in the 2nd quarter. Canopy Partners LLC now owns 788 shares of the basic materials company’s stock valued at $370,000 after buying an additional 22 shares during the period. Mitchell Sinkler & Starr PA grew its holdings in shares of Linde by 1.9% in the 2nd quarter. Mitchell Sinkler & Starr PA now owns 1,192 shares of the basic materials company’s stock valued at $559,000 after buying an additional 22 shares during the period. Clarendon Private LLC increased its position in shares of Linde by 1.0% in the 2nd quarter. Clarendon Private LLC now owns 2,273 shares of the basic materials company’s stock valued at $1,066,000 after buying an additional 22 shares in the last quarter. Finally, Sound Financial Strategies Group LLC raised its stake in Linde by 1.4% during the 2nd quarter. Sound Financial Strategies Group LLC now owns 1,635 shares of the basic materials company’s stock worth $767,000 after buying an additional 22 shares during the period. Institutional investors own 82.80% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Seaport Res Ptn upgraded Linde from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. JPMorgan Chase & Co. cut their price objective on Linde from $475.00 to $455.00 and set an “overweight” rating on the stock in a report on Monday, November 3rd. Citigroup lowered 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. UBS Group dropped 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. Finally, Royal Bank Of Canada cut their price target on shares of Linde from $576.00 to $540.00 and set an “outperform” rating on the stock in a research note on Thursday. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $508.83.

Linde Stock Up 1.2%

LIN stock opened at $420.51 on Monday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.93 and a quick ratio of 0.78. The stock 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 business has a 50-day moving average of $459.02 and a 200-day moving average of $463.43.

Linde (NASDAQ:LIN) last announced 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. Linde had a return on equity of 19.09% and a net margin of 20.20%.The business had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.62 billion. During the same quarter last year, the firm earned $3.94 EPS. 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, sell-side analysts anticipate that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Dividend Announcement

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

Linde Company 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.