Mitsubishi UFJ Asset Management Co. Ltd. Grows Stock Position in Linde PLC $LIN

Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Linde PLC (NASDAQ:LIN) by 6.2% during the second quarter, HoldingsChannel reports. The firm owned 949,474 shares of the basic materials company’s stock after purchasing an additional 55,071 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Linde were worth $445,474,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. eCIO Inc. purchased a new stake in Linde in the first quarter valued at $45,000. Clal Insurance Enterprises Holdings Ltd raised its position in Linde by 445.0% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company’s stock worth $51,000 after acquiring an additional 89 shares during the period. Nova Wealth Management Inc. purchased a new position in Linde in the 1st quarter valued at about $52,000. Costello Asset Management INC purchased a new position in Linde in the 1st quarter valued at $54,000. Finally, Activest Wealth Management lifted its stake in Linde by 5,800.0% in the 1st quarter. Activest Wealth Management now owns 118 shares of the basic materials company’s stock worth $55,000 after purchasing an additional 116 shares in the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Linde Stock Performance

NASDAQ LIN opened at $420.51 on Friday. The business’s 50 day moving average is $459.02 and its two-hundred day moving average is $463.26. The stock has a market capitalization of $196.36 billion, a price-to-earnings ratio of 29.91, a PEG ratio of 2.85 and a beta of 0.91. 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 PLC has a 12-month low of $408.65 and a 12-month high of $486.38.

Linde (NASDAQ:LIN) last released its earnings results on Friday, October 31st. The basic materials company reported $4.21 EPS for the quarter, beating analysts’ consensus estimates of $4.18 by $0.03. Linde had a return on equity of 19.09% and a net margin of 20.20%.The company had revenue of $8.62 billion during the quarter, compared to the consensus estimate of $8.62 billion. During the same quarter last year, the company earned $3.94 earnings per share. Linde’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. Q4 2025 guidance at 4.100-4.200 EPS. Research analysts expect that Linde PLC will post 16.54 EPS for the current year.

Linde Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd will be issued a dividend of $1.50 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $6.00 dividend on an annualized basis and a yield of 1.4%. Linde’s payout ratio is currently 40.19%.

Analyst Ratings Changes

Several brokerages have recently weighed in on LIN. Seaport Res Ptn raised shares of Linde from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Sanford C. Bernstein reissued an “outperform” rating and issued a $516.00 price objective on shares of Linde in a research note on Monday. UBS Group reduced their target price on shares of Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. Royal Bank Of Canada decreased their price target on Linde from $576.00 to $540.00 and set an “outperform” rating for the company in a report on Thursday. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Linde in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target 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.