Linde PLC $LIN Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp cut its stake in shares of Linde PLC (NASDAQ:LIN) by 32.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,011 shares of the basic materials company’s stock after selling 19,934 shares during the period. Texas Permanent School Fund Corp’s holdings in Linde were worth $19,242,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of LIN. Darwin Wealth Management LLC purchased a new stake in Linde during the second quarter valued at about $25,000. eCIO Inc. purchased a new position in shares of Linde in the first quarter worth approximately $45,000. Howard Hughes Medical Institute acquired a new stake in shares of Linde during the second quarter valued at approximately $48,000. Nova Wealth Management Inc. purchased a new stake in shares of Linde in the 1st quarter valued at approximately $52,000. Finally, Activest Wealth Management lifted its position in shares of Linde by 5,800.0% in the 1st quarter. Activest Wealth Management now owns 118 shares of the basic materials company’s stock valued at $55,000 after acquiring an additional 116 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Price Performance

Shares of NASDAQ:LIN opened at $416.24 on Monday. The firm has a market cap of $194.36 billion, a price-to-earnings ratio of 27.88, a P/E/G ratio of 3.19 and a beta of 0.85. Linde PLC has a 1 year low of $387.78 and a 1 year high of $486.38. The company has a current ratio of 0.82, a quick ratio of 0.69 and a debt-to-equity ratio of 0.46. The business has a fifty day simple moving average of $426.77 and a 200 day simple moving average of $455.71.

Linde (NASDAQ:LIN) last issued its 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. Linde had a return on equity of 19.38% and a net margin of 21.17%.The company had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.62 billion. During the same period in the prior year, the firm posted $3.94 EPS. The business’s 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. As a group, sell-side analysts predict that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Dividend Announcement

The firm 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 (DPR) is presently 40.19%.

Analyst Ratings Changes

Several analysts have issued reports on LIN shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Linde in a research note on Monday, December 8th. Royal Bank Of Canada decreased their target price on Linde from $540.00 to $490.00 and set an “outperform” rating for the company in a research report on Friday. JPMorgan Chase & Co. dropped their price target on Linde from $475.00 to $455.00 and set an “overweight” rating on the stock in a research report on Monday, November 3rd. CICC Research initiated coverage on Linde in a research note on Wednesday, December 3rd. They issued an “outperform” rating and a $510.00 price objective for the company. Finally, Mizuho set a $495.00 target price on Linde in a research note on Thursday. Two research analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $501.00.

Linde Company 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.