Police & Firemen s Retirement System of New Jersey Purchases 1,324 Shares of Linde PLC $LIN

Police & Firemen s Retirement System of New Jersey grew its position in shares of Linde PLC (NASDAQ:LIN) by 1.9% in the second quarter, Holdings Channel reports. The fund owned 71,291 shares of the basic materials company’s stock after buying an additional 1,324 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in Linde were worth $33,448,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Price T Rowe Associates Inc. MD raised its stake in Linde by 5.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,600,297 shares of the basic materials company’s stock valued at $4,470,284,000 after purchasing an additional 453,108 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Linde by 18.6% in the 1st quarter. Wellington Management Group LLP now owns 7,542,991 shares of the basic materials company’s stock worth $3,511,751,000 after buying an additional 1,182,157 shares in the last quarter. Nuveen LLC bought a new stake in shares of Linde in the 1st quarter worth about $2,097,793,000. Invesco Ltd. raised its position in shares of Linde by 1.1% during the 1st quarter. Invesco Ltd. now owns 3,859,539 shares of the basic materials company’s stock valued at $1,797,156,000 after buying an additional 40,931 shares in the last quarter. Finally, WCM Investment Management LLC lifted its holdings in shares of Linde by 1.9% in the 2nd quarter. WCM Investment Management LLC now owns 3,401,590 shares of the basic materials company’s stock valued at $1,577,624,000 after acquiring an additional 61,829 shares during the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Linde Price Performance

Shares of LIN stock opened at $428.96 on Thursday. The company has a market capitalization of $200.30 billion, a P/E ratio of 30.51, a P/E/G ratio of 2.85 and a beta of 0.91. The company’s 50-day simple moving average is $456.07 and its two-hundred day simple moving average is $462.83. 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 current ratio of 0.93 and a quick ratio of 0.78.

Linde (NASDAQ:LIN) last announced its quarterly earnings results on Friday, October 31st. The basic materials company reported $4.21 earnings per share (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 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 earnings per share. Linde’s quarterly revenue was up 2.9% on a year-over-year basis. 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, equities analysts anticipate that Linde PLC will post 16.54 EPS for the current year.

Linde Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be given 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 dividend yield of 1.4%. Linde’s dividend payout ratio is presently 40.19%.

Wall Street Analysts Forecast Growth

LIN has been the topic of several analyst reports. 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, November 6th. JPMorgan Chase & Co. lowered their price target on Linde from $475.00 to $455.00 and set an “overweight” rating for the company in a research report on Monday, November 3rd. UBS Group dropped 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. Sanford C. Bernstein restated an “outperform” rating and issued a $516.00 target price on shares of Linde in a report on Monday, November 3rd. Finally, Citigroup decreased their price target on Linde from $535.00 to $520.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Two 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target 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.