EagleClaw Capital Managment LLC Reduces Position in Linde PLC $LIN

EagleClaw Capital Managment LLC lowered its position in Linde PLC (NASDAQ:LIN) by 1.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,315 shares of the basic materials company’s stock after selling 350 shares during the quarter. Linde makes up approximately 1.9% of EagleClaw Capital Managment LLC’s portfolio, making the stock its 14th biggest position. EagleClaw Capital Managment LLC’s holdings in Linde were worth $12,816,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Brighton Jones LLC purchased a new position in Linde during the 4th quarter worth $2,752,000. Revolve Wealth Partners LLC boosted its stake in shares of Linde by 14.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company’s stock worth $325,000 after buying an additional 96 shares during the period. CWM LLC grew its holdings in shares of Linde by 7.3% during the first quarter. CWM LLC now owns 11,184 shares of the basic materials company’s stock worth $5,208,000 after buying an additional 758 shares during the last quarter. Larson Financial Group LLC grew its holdings in shares of Linde by 13.7% during the first quarter. Larson Financial Group LLC now owns 1,319 shares of the basic materials company’s stock worth $614,000 after buying an additional 159 shares during the last quarter. Finally, Bridgewater Advisors Inc. acquired a new position in Linde in the 1st quarter valued at about $638,000. 82.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on LIN shares. Seaport Res Ptn raised Linde from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Linde in a report on Wednesday, October 8th. UBS Group lowered their price objective on shares of Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Sanford C. Bernstein restated an “outperform” rating and set a $516.00 price objective on shares of Linde in a research report on Monday, November 3rd. Finally, JPMorgan Chase & Co. lowered their target price on shares of Linde from $475.00 to $455.00 and set an “overweight” rating on the stock in a report on Monday, November 3rd. Two 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 stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $508.83.

Linde Price Performance

Shares of NASDAQ LIN opened at $428.96 on Thursday. The firm has a market capitalization of $200.30 billion, a P/E ratio of 30.51, a PEG ratio of 2.85 and a beta of 0.91. Linde PLC has a one year low of $408.65 and a one year high of $486.38. The company’s fifty day moving average is $456.07 and its two-hundred day moving average is $462.83. 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 announced its quarterly 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 net margin of 20.20% and a return on equity of 19.09%. The business had revenue of $8.62 billion during the quarter, compared to the consensus estimate of $8.62 billion. During the same quarter last year, the firm posted $3.94 EPS. The business’s 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. Analysts forecast that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Dividend Announcement

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

About Linde

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.