State Board of Administration of Florida Retirement System Has $209.72 Million Holdings in Linde PLC $LIN

State Board of Administration of Florida Retirement System lessened its stake in Linde PLC (NASDAQ:LIN) by 1.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 446,982 shares of the basic materials company’s stock after selling 7,522 shares during the period. State Board of Administration of Florida Retirement System owned about 0.10% of Linde worth $209,715,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bartlett & CO. Wealth Management LLC increased its holdings in shares of Linde by 1.3% during the second quarter. Bartlett & CO. Wealth Management LLC now owns 249,742 shares of the basic materials company’s stock worth $117,174,000 after buying an additional 3,230 shares in the last quarter. Markel Group Inc. grew its position in Linde by 3.1% during the 2nd quarter. Markel Group Inc. now owns 186,600 shares of the basic materials company’s stock worth $87,549,000 after acquiring an additional 5,600 shares during the last quarter. Destiny Wealth Partners LLC acquired a new stake in Linde during the 2nd quarter valued at $465,000. Meiji Yasuda Asset Management Co Ltd. increased its holdings in Linde by 25.9% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 23,558 shares of the basic materials company’s stock valued at $10,970,000 after purchasing an additional 4,839 shares in the last quarter. Finally, Ethos Financial Group LLC bought a new position in Linde in the 1st quarter valued at $345,000. 82.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. JPMorgan Chase & Co. decreased their target price on Linde from $475.00 to $455.00 and set an “overweight” rating on the stock in a report on Monday, November 3rd. Sanford C. Bernstein reissued an “outperform” rating and set a $516.00 price objective on shares of Linde in a report 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 report on Monday, October 6th. Seaport Res Ptn upgraded shares of Linde from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Linde in a research note on Tuesday. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $508.83.

Linde Price Performance

Shares of LIN stock opened at $407.90 on Thursday. The firm has a market cap of $190.47 billion, a price-to-earnings ratio of 29.01, a PEG ratio of 2.85 and a beta of 0.91. Linde PLC has a 12 month low of $406.09 and a 12 month high of $486.38. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 0.49. The stock has a 50-day moving average price of $443.79 and a 200 day moving average price of $460.26.

Linde (NASDAQ:LIN) last released its 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. The company had revenue of $8.62 billion for the quarter, compared to the consensus estimate of $8.62 billion. Linde had a net margin of 20.20% and a return on equity of 19.09%. The company’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. Research analysts expect that Linde PLC will post 16.54 EPS for the current year.

Linde Dividend Announcement

The firm also recently disclosed 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 of this dividend is Wednesday, December 3rd. This represents a $6.00 dividend on an annualized basis and a yield of 1.5%. 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.