Locust Wood Capital Advisers LLC Raises Position in Linde PLC $LIN

Locust Wood Capital Advisers LLC grew its holdings in Linde PLC (NASDAQ:LIN) by 7.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 513,916 shares of the basic materials company’s stock after acquiring an additional 37,676 shares during the period. Linde accounts for 6.1% of Locust Wood Capital Advisers LLC’s portfolio, making the stock its largest holding. Locust Wood Capital Advisers LLC owned 0.11% of Linde worth $244,110,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in LIN. Darwin Wealth Management LLC bought a new stake in shares of Linde in the 2nd quarter valued at approximately $25,000. Marquette Asset Management LLC bought a new position in shares of Linde during the 3rd quarter valued at approximately $27,000. YANKCOM Partnership raised its holdings in Linde by 195.2% during the 3rd quarter. YANKCOM Partnership now owns 62 shares of the basic materials company’s stock valued at $29,000 after buying an additional 41 shares during the period. Albion Financial Group UT lifted its position in Linde by 87.8% in the third quarter. Albion Financial Group UT now owns 77 shares of the basic materials company’s stock worth $37,000 after buying an additional 36 shares during the last quarter. Finally, Howard Hughes Medical Institute purchased a new position in Linde during the second quarter worth $48,000. 82.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on LIN. JPMorgan Chase & Co. dropped their price objective on Linde from $475.00 to $455.00 and set an “overweight” rating for the company in a report on Monday, November 3rd. Mizuho set a $495.00 price target on shares of Linde in a report on Thursday, December 11th. Citigroup raised their price target on shares of Linde from $520.00 to $540.00 and gave the stock a “buy” rating in a research note on Wednesday. BMO Capital Markets set a $501.00 price target on Linde in a report on Wednesday, December 17th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $516.00 price objective on shares of Linde in a report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Linde presently has an average rating of “Buy” and an average price target of $501.75.

Linde Stock Performance

Shares of LIN stock opened at $439.35 on Thursday. 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 stock has a market cap of $205.15 billion, a PE ratio of 29.43, a price-to-earnings-growth ratio of 3.03 and a beta of 0.85. The business has a 50-day simple moving average of $420.83 and a 200-day simple moving average of $448.60.

Linde (NASDAQ:LIN) last announced its quarterly earnings results on Friday, October 31st. The basic materials company reported $4.21 earnings per share for the quarter, beating 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 firm had revenue of $8.62 billion during the quarter, compared to analyst estimates of $8.62 billion. During the same quarter in the previous year, the business earned $3.94 EPS. Linde’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 and its Q4 2025 guidance at 4.100-4.200 EPS. On average, equities analysts expect that Linde PLC will post 16.54 EPS for the current year.

Linde Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd were given a dividend of $1.50 per share. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $6.00 annualized dividend and a dividend yield of 1.4%. Linde’s payout ratio is presently 40.19%.

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.