Intech Investment Management LLC Has $22.82 Million Holdings in Linde PLC $LIN

Intech Investment Management LLC trimmed its stake in Linde PLC (NASDAQ:LIN) by 0.4% in the second quarter, HoldingsChannel.com reports. The firm owned 48,632 shares of the basic materials company’s stock after selling 219 shares during the period. Intech Investment Management LLC’s holdings in Linde were worth $22,817,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bartlett & CO. Wealth Management LLC raised its holdings in Linde by 1.3% during the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 249,742 shares of the basic materials company’s stock worth $117,174,000 after purchasing an additional 3,230 shares during the last quarter. Markel Group Inc. boosted its stake in shares of Linde by 3.1% in the 2nd quarter. Markel Group Inc. now owns 186,600 shares of the basic materials company’s stock valued at $87,549,000 after purchasing an additional 5,600 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its position in shares of Linde by 25.9% during the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 23,558 shares of the basic materials company’s stock worth $10,970,000 after buying an additional 4,839 shares during the period. Ethos Financial Group LLC bought a new position in Linde during the first quarter worth $345,000. Finally, Davis Rea LTD. acquired a new position in Linde in the first quarter valued at $4,852,000. 82.80% of the stock is owned by institutional investors and hedge funds.

Linde Stock Performance

Shares of LIN stock opened at $423.39 on Friday. Linde PLC has a 52 week low of $408.65 and a 52 week high of $486.38. The firm’s 50-day simple moving average is $454.27 and its two-hundred day simple moving average is $462.42. The firm has a market cap of $197.70 billion, a price-to-earnings ratio of 30.11, a P/E/G ratio of 2.85 and a beta of 0.91. 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 posted its quarterly earnings results on Friday, October 31st. The basic materials company reported $4.21 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 company had revenue of $8.62 billion for the quarter, compared to analysts’ expectations of $8.62 billion. During the same quarter in the previous year, the firm posted $3.94 EPS. Linde’s 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. As a group, equities analysts forecast that Linde PLC will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

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

Wall Street Analysts Forecast Growth

LIN has been the subject of a number of recent analyst reports. Seaport Res Ptn upgraded Linde from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. JPMorgan Chase & Co. lowered their target price on Linde from $475.00 to $455.00 and set an “overweight” rating for the company in a report on Monday, November 3rd. Royal Bank Of Canada reduced their price objective on shares of Linde from $576.00 to $540.00 and set an “outperform” rating for the company in a research report on Thursday, November 6th. Sanford C. Bernstein reissued an “outperform” rating and set a $516.00 target price on shares of Linde in a research note on Monday, November 3rd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Linde in a report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Linde currently has an average rating of “Buy” and an average price target of $508.83.

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.