Linde PLC $LIN Shares Sold by Jackson Square Capital LLC

Jackson Square Capital LLC cut its holdings in shares of Linde PLC (NASDAQ:LIN) by 13.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,301 shares of the basic materials company’s stock after selling 1,394 shares during the quarter. Jackson Square Capital LLC’s holdings in Linde were worth $4,418,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LIN. Bartlett & CO. Wealth Management LLC raised its position in shares of Linde by 1.3% in 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 buying an additional 3,230 shares during the period. Markel Group Inc. raised its holdings 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 worth $87,549,000 after purchasing an additional 5,600 shares during the period. Destiny Wealth Partners LLC acquired a new position in shares of Linde in the 2nd quarter valued at about $465,000. OMERS ADMINISTRATION Corp grew its holdings in shares of Linde by 27.2% during the 2nd quarter. OMERS ADMINISTRATION Corp now owns 417,001 shares of the basic materials company’s stock worth $195,649,000 after purchasing an additional 89,129 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. grew its holdings in shares of Linde by 25.9% during the 1st 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. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Analyst Upgrades and Downgrades

LIN has been the topic of a number of recent research reports. Citigroup reduced their price target on shares of Linde from $535.00 to $520.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Mizuho set a $495.00 target price on Linde in a research report on Thursday, December 11th. Seaport Res Ptn upgraded Linde from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. CICC Research assumed coverage on Linde in a report on Wednesday, December 3rd. They set an “outperform” rating and a $510.00 target price on the stock. Finally, UBS Group restated a “buy” rating on shares of Linde in a report on Friday, December 12th. Two analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $501.00.

Linde Stock Performance

Shares of LIN opened at $421.43 on Friday. Linde PLC has a 52-week low of $387.78 and a 52-week high of $486.38. The company has a quick ratio of 0.69, a current ratio of 0.82 and a debt-to-equity ratio of 0.46. The firm has a market cap of $196.79 billion, a price-to-earnings ratio of 28.23, a PEG ratio of 3.21 and a beta of 0.85. The business’s 50 day moving average is $422.46 and its two-hundred day moving average is $454.31.

Linde (NASDAQ:LIN) last issued its quarterly earnings results on Friday, October 31st. The basic materials company reported $4.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 21.17% and a return on equity of 19.38%. The business’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous 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. Analysts forecast that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Dividend Announcement

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