Linde PLC $LIN Shares Sold by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC lessened its position in shares of Linde PLC (NASDAQ:LIN) by 54.8% during the 2nd quarter, Holdings Channel reports. The firm owned 1,900 shares of the basic materials company’s stock after selling 2,301 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Linde were worth $890,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of LIN. Nuveen LLC acquired a new stake in shares of Linde during the 1st quarter worth about $2,097,793,000. Deutsche Bank AG boosted its stake in Linde by 172.4% during the first quarter. Deutsche Bank AG now owns 2,407,637 shares of the basic materials company’s stock worth $1,121,092,000 after buying an additional 1,523,702 shares during the period. Wellington Management Group LLP increased its position in shares of Linde by 18.6% during the first quarter. Wellington Management Group LLP now owns 7,542,991 shares of the basic materials company’s stock valued at $3,511,751,000 after acquiring an additional 1,182,157 shares during the last quarter. Alecta Tjanstepension Omsesidigt purchased a new stake in shares of Linde in the 1st quarter valued at approximately $233,405,000. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Linde by 5.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,600,297 shares of the basic materials company’s stock valued at $4,470,284,000 after acquiring an additional 453,108 shares during the period. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Linde Trading Down 0.1%

NASDAQ:LIN opened at $428.64 on Friday. The firm has a market cap of $200.15 billion, a PE ratio of 30.49, a price-to-earnings-growth ratio of 2.85 and a beta of 0.91. The stock has a fifty day moving average price of $455.19 and a 200 day moving average price of $462.60. Linde PLC has a 12-month low of $408.65 and a 12-month high of $486.38. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 0.49.

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

Linde Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on LIN shares. Seaport Res Ptn raised shares of Linde from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Weiss Ratings restated a “buy (b)” rating on shares of Linde in a research report on Wednesday, October 8th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $516.00 price objective on shares of Linde in a research note on Monday, November 3rd. Citigroup cut their price objective on Linde from $535.00 to $520.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Finally, 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. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus 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.