Modera Wealth Management LLC Boosts Stake in Linde PLC $LIN

Modera Wealth Management LLC grew its position in shares of Linde PLC (NASDAQ:LIN) by 13.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,254 shares of the basic materials company’s stock after acquiring an additional 153 shares during the quarter. Modera Wealth Management LLC’s holdings in Linde were worth $588,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Breakwater Capital Group raised its holdings in Linde by 2.3% in the second quarter. Breakwater Capital Group now owns 980 shares of the basic materials company’s stock valued at $460,000 after buying an additional 22 shares during the period. Canopy Partners LLC grew its stake in Linde by 2.9% during the second quarter. Canopy Partners LLC now owns 788 shares of the basic materials company’s stock worth $370,000 after buying an additional 22 shares during the period. Mitchell Sinkler & Starr PA increased its position in shares of Linde by 1.9% in the second quarter. Mitchell Sinkler & Starr PA now owns 1,192 shares of the basic materials company’s stock worth $559,000 after acquiring an additional 22 shares in the last quarter. Clarendon Private LLC raised its stake in shares of Linde by 1.0% in the 2nd quarter. Clarendon Private LLC now owns 2,273 shares of the basic materials company’s stock valued at $1,066,000 after acquiring an additional 22 shares during the period. Finally, Strategy Asset Managers LLC raised its stake in shares of Linde by 2.8% in the 1st quarter. Strategy Asset Managers LLC now owns 834 shares of the basic materials company’s stock valued at $388,000 after acquiring an additional 23 shares during the period. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. UBS Group decreased their price target on shares of Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Royal Bank Of Canada reduced their price objective on Linde from $576.00 to $540.00 and set an “outperform” rating on the stock in a research note on Thursday. JPMorgan Chase & Co. decreased their target price on Linde from $475.00 to $455.00 and set an “overweight” rating for the company in a research report on Monday, November 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Linde in a research note on Wednesday, October 8th. Finally, Citigroup dropped their target price on Linde from $535.00 to $520.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Linde presently has an average rating of “Buy” and an average target price of $508.83.

Linde Trading Up 1.2%

Shares of LIN opened at $420.51 on Monday. Linde PLC has a one year low of $408.65 and a one year high of $486.38. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.78 and a current ratio of 0.93. The company has a market capitalization of $196.36 billion, a P/E ratio of 29.91, a P/E/G ratio of 2.85 and a beta of 0.91. The stock has a 50-day moving average price of $459.02 and a 200 day moving average price of $463.43.

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 20.20% and a return on equity of 19.09%. 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. Q4 2025 guidance at 4.100-4.200 EPS. Sell-side analysts forecast that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be given a $1.50 dividend. The ex-dividend date is Wednesday, December 3rd. This represents a $6.00 annualized dividend and a dividend yield of 1.4%. Linde’s dividend payout ratio (DPR) is presently 40.19%.

Linde 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.