Jackson Square Partners LLC Trims Holdings in Linde PLC $LIN

Jackson Square Partners LLC decreased its stake in shares of Linde PLC (NASDAQ:LIN) by 13.0% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 7,614 shares of the basic materials company’s stock after selling 1,133 shares during the period. Linde accounts for 1.3% of Jackson Square Partners LLC’s investment portfolio, making the stock its 29th largest position. Jackson Square Partners LLC’s holdings in Linde were worth $3,572,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC boosted its position 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 valued at $117,174,000 after buying an additional 3,230 shares during the period. Markel Group Inc. raised its stake in shares of Linde by 3.1% during the second quarter. Markel Group Inc. now owns 186,600 shares of the basic materials company’s stock valued at $87,549,000 after acquiring an additional 5,600 shares during the last quarter. Freedom Day Solutions LLC raised its stake in shares of Linde by 9.6% during the first quarter. Freedom Day Solutions LLC now owns 6,102 shares of the basic materials company’s stock valued at $2,841,000 after acquiring an additional 535 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its holdings 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 purchasing an additional 4,839 shares during the period. Finally, Ethos Financial Group LLC bought a new stake in shares of Linde in the first quarter worth about $345,000. Institutional investors own 82.80% of the company’s stock.

Linde Stock Performance

Linde stock opened at $420.51 on Friday. Linde PLC has a twelve month low of $408.65 and a twelve month high of $486.38. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $196.36 billion, a P/E ratio of 29.91, a PEG ratio of 2.85 and a beta of 0.91. The stock’s 50 day moving average is $459.02 and its 200 day moving average is $463.26.

Linde (NASDAQ:LIN) last released its earnings results on Friday, October 31st. The basic materials company reported $4.21 EPS for the quarter, topping the consensus estimate of $4.18 by $0.03. Linde had a return on equity of 19.09% and a net margin of 20.20%.The business had revenue of $8.62 billion for the quarter, compared to the consensus estimate of $8.62 billion. During the same period in the previous year, the company posted $3.94 earnings per share. The company’s revenue for the quarter 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. On average, equities research analysts predict that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Announces Dividend

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 given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Wednesday, December 3rd. Linde’s dividend payout ratio is 40.19%.

Wall Street Analyst Weigh In

LIN has been the subject of several research analyst reports. Sanford C. Bernstein reiterated an “outperform” rating and issued a $516.00 price objective on shares of Linde in a report on Monday. Royal Bank Of Canada dropped their price target on Linde from $576.00 to $540.00 and set an “outperform” rating for the company in a research note on Thursday. JPMorgan Chase & Co. reduced 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 decreased their price objective on shares of Linde from $535.00 to $520.00 and set a “buy” rating for the company in a report on Monday, November 3rd. Finally, UBS Group cut their target price on shares of Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $508.83.

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.