Perennial Investment Advisors LLC Invests $222,000 in Linde PLC $LIN

Perennial Investment Advisors LLC purchased a new stake in shares of Linde PLC (NASDAQ:LIN) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 474 shares of the basic materials company’s stock, valued at approximately $222,000.

Several other institutional investors have also added to or reduced their stakes in LIN. Portside Wealth Group LLC boosted its position in shares of Linde by 20.3% during the second quarter. Portside Wealth Group LLC now owns 1,084 shares of the basic materials company’s stock valued at $509,000 after buying an additional 183 shares during the period. Inspire Advisors LLC boosted its holdings in Linde by 5.4% during the 2nd quarter. Inspire Advisors LLC now owns 1,397 shares of the basic materials company’s stock valued at $656,000 after acquiring an additional 71 shares during the period. First American Trust FSB grew its position in Linde by 12.7% in the 2nd quarter. First American Trust FSB now owns 903 shares of the basic materials company’s stock valued at $424,000 after acquiring an additional 102 shares during the last quarter. Vanguard Group Inc. grew its position in Linde by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 44,638,847 shares of the basic materials company’s stock valued at $20,943,654,000 after acquiring an additional 292,492 shares during the last quarter. Finally, Pinnacle Wealth Planning Services Inc. boosted its stake in shares of Linde by 6.0% during the second quarter. Pinnacle Wealth Planning Services Inc. now owns 2,545 shares of the basic materials company’s stock valued at $1,194,000 after purchasing an additional 144 shares during the period. Institutional investors own 82.80% of the company’s stock.

Linde Price Performance

LIN opened at $413.20 on Thursday. The firm has a market capitalization of $192.94 billion, a PE ratio of 29.39, a price-to-earnings-growth ratio of 2.85 and a beta of 0.91. 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 business’s 50-day moving average is $450.77 and its two-hundred day moving average is $461.74. Linde PLC has a 1 year low of $408.65 and a 1 year high of $486.38.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Friday, October 31st. The basic materials company reported $4.21 earnings per share (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 firm had revenue of $8.62 billion for the quarter, compared to the consensus estimate of $8.62 billion. During the same quarter in the previous year, the firm earned $3.94 EPS. The company’s quarterly revenue 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. Research 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 issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Wednesday, December 3rd. Linde’s dividend payout ratio is currently 40.19%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Linde in a research note on Wednesday, October 8th. UBS Group reduced their price objective on Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. JPMorgan Chase & Co. dropped their price target on Linde from $475.00 to $455.00 and set an “overweight” rating on the stock in a research report on Monday, November 3rd. Sanford C. Bernstein restated an “outperform” rating and issued a $516.00 price objective on shares of Linde in a report on Monday, November 3rd. Finally, Citigroup dropped their target price 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. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $508.83.

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.