Mitsubishi UFJ Trust & Banking Corp Trims Position in Linde PLC $LIN

Mitsubishi UFJ Trust & Banking Corp trimmed its position in Linde PLC (NASDAQ:LIN) by 2.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 273,409 shares of the basic materials company’s stock after selling 7,355 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.06% of Linde worth $129,869,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of LIN. Darwin Wealth Management LLC purchased a new stake in Linde in the 2nd quarter worth approximately $25,000. Marquette Asset Management LLC bought a new position in shares of Linde in the third quarter worth $27,000. YANKCOM Partnership raised its position in shares of Linde by 195.2% in the third quarter. YANKCOM Partnership now owns 62 shares of the basic materials company’s stock worth $29,000 after buying an additional 41 shares in the last quarter. Albion Financial Group UT boosted its stake in Linde by 87.8% during the third quarter. Albion Financial Group UT now owns 77 shares of the basic materials company’s stock valued at $37,000 after buying an additional 36 shares during the period. Finally, Howard Hughes Medical Institute bought a new stake in Linde during the second quarter valued at $48,000. 82.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on LIN. CICC Research initiated coverage on Linde in a research note on Wednesday, December 3rd. They issued an “outperform” rating and a $510.00 target price on the stock. BMO Capital Markets set a $501.00 price objective on Linde in a report on Wednesday, December 17th. JPMorgan Chase & Co. decreased their price objective on shares of Linde from $475.00 to $455.00 and set an “overweight” rating on the stock in a research report on Monday, November 3rd. Citigroup lifted their target price on shares of Linde from $520.00 to $540.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, UBS Group reissued a “buy” rating on shares of Linde in a research note on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Linde currently has a consensus rating of “Buy” and an average target price of $501.75.

Linde Stock Performance

Shares of NASDAQ LIN opened at $451.57 on Friday. The stock has a market cap of $210.86 billion, a price-to-earnings ratio of 30.25, a P/E/G ratio of 3.13 and a beta of 0.85. The company has a current ratio of 0.82, a quick ratio of 0.69 and a debt-to-equity ratio of 0.46. Linde PLC has a 1-year low of $387.78 and a 1-year high of $486.38. The stock’s 50-day moving average is $421.73 and its 200 day moving average is $448.45.

Linde (NASDAQ:LIN) last issued its 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. The business had revenue of $8.62 billion during the quarter, compared to analyst estimates of $8.62 billion. Linde had a return on equity of 19.38% and a net margin of 21.17%.Linde’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.94 earnings per share. Linde has set its FY 2025 guidance at 16.350-16.450 EPS and its Q4 2025 guidance at 4.100-4.200 EPS. On average, sell-side analysts anticipate that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd were paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Wednesday, December 3rd. Linde’s dividend payout ratio (DPR) is 40.19%.

Linde Company Profile

Linde (NASDAQ: LIN) is a multinational industrial gases and engineering company that supplies gases, related technologies and services to a wide range of industries. The company traces its current form to the 2018 combination of Germany’s Linde AG and U.S.-based Praxair, creating one of the largest global providers of industrial, specialty and medical gases. Linde’s business model centers on production, processing and distribution of gases as well as the design and construction of the plants and equipment needed to produce them.

Core products and services include atmospheric and process gases such as oxygen, nitrogen and argon; hydrogen and helium; carbon dioxide; and a portfolio of higher‑value specialty and electronic gases.