Linde PLC $LIN Shares Sold by Simplicity Wealth LLC

Simplicity Wealth LLC lessened its stake in Linde PLC (NASDAQ:LIN) by 35.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,545 shares of the basic materials company’s stock after selling 1,392 shares during the quarter. Simplicity Wealth LLC’s holdings in Linde were worth $1,209,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Triad Wealth Partners LLC lifted its stake in Linde by 28.8% in the third quarter. Triad Wealth Partners LLC now owns 917 shares of the basic materials company’s stock worth $435,000 after acquiring an additional 205 shares during the last quarter. Tranquility Partners LLC raised its holdings in shares of Linde by 6.1% in the 3rd quarter. Tranquility Partners LLC now owns 554 shares of the basic materials company’s stock valued at $263,000 after purchasing an additional 32 shares in the last quarter. Avidian Wealth Enterprises LLC raised its holdings in shares of Linde by 6.2% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 3,676 shares of the basic materials company’s stock valued at $1,746,000 after purchasing an additional 213 shares in the last quarter. Cornerstone Wealth Group LLC lifted its position in shares of Linde by 3.1% during the 3rd quarter. Cornerstone Wealth Group LLC now owns 793 shares of the basic materials company’s stock worth $376,000 after purchasing an additional 24 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of Linde by 3.8% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 884,865 shares of the basic materials company’s stock worth $420,311,000 after purchasing an additional 32,395 shares in the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Linde Stock Up 1.3%

Linde stock opened at $451.57 on Friday. The company has a market capitalization of $210.86 billion, a P/E ratio of 30.25, a PEG ratio of 3.13 and a beta of 0.85. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.69 and a current ratio of 0.82. Linde PLC has a fifty-two week low of $387.78 and a fifty-two week high of $486.38. The stock has a 50-day simple moving average of $421.73 and a 200-day simple moving average of $448.45.

Linde (NASDAQ:LIN) last released 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. Linde had a return on equity of 19.38% and a net margin of 21.17%.The firm had revenue of $8.62 billion for the quarter, compared to the consensus estimate of $8.62 billion. During the same quarter last year, the business posted $3.94 EPS. The firm’s quarterly 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 and its Q4 2025 guidance at 4.100-4.200 EPS. Equities research analysts expect that Linde PLC will post 16.54 earnings per share for the current year.

Linde Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd were given a $1.50 dividend. The ex-dividend date was Wednesday, December 3rd. This represents a $6.00 annualized dividend and a yield of 1.3%. Linde’s dividend payout ratio is 40.19%.

Analyst Ratings Changes

Several equities analysts recently commented on the company. UBS Group reissued a “buy” rating on shares of Linde in a report on Friday, December 12th. Royal Bank Of Canada dropped their price objective on Linde from $540.00 to $490.00 and set an “outperform” rating on the stock in a report on Friday, December 12th. Citigroup boosted their target price on Linde from $520.00 to $540.00 and gave the stock a “buy” rating in a research note on Wednesday. Mizuho set a $495.00 price target on Linde in a report on Thursday, December 11th. Finally, BMO Capital Markets set a $501.00 price objective on shares of Linde in a report on Wednesday, December 17th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Linde has a consensus rating of “Buy” and an average price target of $501.75.

About Linde

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.