PNC Financial Services Group Inc. Has $220.26 Million Stock Position in Linde PLC $LIN

PNC Financial Services Group Inc. lifted its stake in shares of Linde PLC (NASDAQ:LIN) by 4.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 469,449 shares of the basic materials company’s stock after acquiring an additional 21,674 shares during the period. PNC Financial Services Group Inc. owned approximately 0.10% of Linde worth $220,256,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC acquired a new stake in Linde in the fourth quarter valued at $2,752,000. Revolve Wealth Partners LLC lifted its position in Linde by 14.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company’s stock worth $325,000 after acquiring an additional 96 shares during the last quarter. Alps Advisors Inc. grew its holdings in Linde by 52.8% in the 1st quarter. Alps Advisors Inc. now owns 1,288 shares of the basic materials company’s stock valued at $600,000 after buying an additional 445 shares in the last quarter. CWM LLC grew its position in shares of Linde by 7.3% during the 1st quarter. CWM LLC now owns 11,184 shares of the basic materials company’s stock worth $5,208,000 after purchasing an additional 758 shares in the last quarter. Finally, BluePointe Capital Management LLC bought a new position in shares of Linde in the first quarter worth $212,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Trading Up 1.4%

Shares of LIN opened at $426.65 on Wednesday. Linde PLC has a fifty-two week low of $408.65 and a fifty-two week high of $486.38. The business has a 50-day moving average of $456.92 and a 200 day moving average of $463.07. The firm has a market cap of $199.22 billion, a P/E ratio of 30.34, a price-to-earnings-growth ratio of 2.85 and a beta of 0.91. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.78 and a current ratio of 0.93.

Linde (NASDAQ:LIN) last announced its quarterly 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. The company had revenue of $8.62 billion for the quarter, compared to analysts’ expectations of $8.62 billion. Linde had a net margin of 20.20% and a return on equity of 19.09%. Linde’s revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the company posted $3.94 EPS. Linde has set its FY 2025 guidance at 16.350-16.450 EPS. Q4 2025 guidance at 4.100-4.200 EPS. As a group, research analysts forecast that Linde PLC will post 16.54 EPS for the current year.

Linde Announces Dividend

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

Wall Street Analysts Forecast Growth

LIN has been the topic of a number of recent analyst reports. Sanford C. Bernstein reiterated an “outperform” rating and issued a $516.00 target price on shares of Linde in a research report on Monday, November 3rd. JPMorgan Chase & Co. reduced their price objective on shares of Linde from $475.00 to $455.00 and set an “overweight” rating on the stock in a research note on Monday, November 3rd. UBS Group lowered their price objective on shares of Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Seaport Res Ptn upgraded Linde from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Linde in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Linde currently has an average rating of “Buy” and an average target price of $508.83.

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.