721 Shares in Linde PLC $LIN Acquired by Soundwatch Capital LLC

Soundwatch Capital LLC acquired a new stake in shares of Linde PLC (NASDAQ:LIN) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 721 shares of the basic materials company’s stock, valued at approximately $338,000.

Several other large investors also recently added to or reduced their stakes in the business. eCIO Inc. acquired a new stake in shares of Linde in the 1st quarter valued at $45,000. Clal Insurance Enterprises Holdings Ltd increased its position in Linde by 445.0% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company’s stock worth $51,000 after buying an additional 89 shares during the last quarter. Nova Wealth Management Inc. bought a new position in Linde during the first quarter valued at about $52,000. Costello Asset Management INC acquired a new stake in shares of Linde in the first quarter worth about $54,000. Finally, Activest Wealth Management boosted its stake in shares of Linde by 5,800.0% during the 1st quarter. Activest Wealth Management now owns 118 shares of the basic materials company’s stock worth $55,000 after acquiring an additional 116 shares in the last quarter. 82.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

LIN has been the topic of several analyst reports. Citigroup lowered their price target 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 lowered their target price on shares of Linde from $576.00 to $540.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $516.00 target price on shares of Linde in a report on Monday, November 3rd. JPMorgan Chase & Co. decreased their price target on shares of Linde from $475.00 to $455.00 and set an “overweight” rating for the company in a report on Monday, November 3rd. Finally, UBS Group lowered their price target on Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $508.83.

Linde Price Performance

NASDAQ:LIN opened at $412.74 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.93 and a quick ratio of 0.78. Linde PLC has a one year low of $406.42 and a one year high of $486.38. The company has a fifty day moving average price of $447.88 and a 200 day moving average price of $461.19. The stock has a market cap of $192.73 billion, a P/E ratio of 29.36, a PEG ratio of 2.85 and a beta of 0.91.

Linde (NASDAQ:LIN) last posted its quarterly earnings results on Friday, October 31st. The basic materials company reported $4.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.18 by $0.03. Linde had a net margin of 20.20% and a return on equity of 19.09%. The company had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.62 billion. During the same period last year, the business posted $3.94 EPS. The business’s quarterly revenue was up 2.9% on a year-over-year basis. Linde has set its FY 2025 guidance at 16.350-16.450 EPS. Q4 2025 guidance at 4.100-4.200 EPS. Analysts anticipate that Linde PLC will post 16.54 earnings per share for the current year.

Linde Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd will be given a $1.50 dividend. The ex-dividend date is Wednesday, December 3rd. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.5%. Linde’s dividend payout ratio (DPR) is currently 40.19%.

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.