Steward Partners Investment Advisory LLC Reduces Stock Holdings in Linde PLC $LIN

Steward Partners Investment Advisory LLC reduced its stake in Linde PLC by 6.7% in Q2, now holding 38,417 shares valued at $18,025,000. Other institutional investors adjusted their holdings, with Vanguard Group increasing its stake. Analysts have mixed ratings on Linde, with a consensus 'Buy' rating and an average price target of $508.83. Linde's Q3 earnings beat estimates, reporting $4.21 EPS. The company announced a quarterly dividend and set FY 2025 EPS guidance at 16.350-16.450.

Steward Partners Investment Advisory LLC cut its stake in Linde PLC (NASDAQ:LIN - Free Report) by 6.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,417 shares of the basic materials company's stock after selling 2,744 shares during the period. Steward Partners Investment Advisory LLC's holdings in Linde were worth $18,025,000 as of its most recent SEC filing.

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A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Linde by 0.7% in the second quarter. Vanguard Group Inc. now owns 44,638,847 shares of the basic materials company's stock valued at $20,943,654,000 after purchasing an additional 292,492 shares during the period. Price T Rowe Associates Inc. MD raised its holdings 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 worth $4,470,284,000 after purchasing an additional 453,108 shares in the last quarter. Wellington Management Group LLP raised its holdings in Linde by 18.6% during the first quarter. Wellington Management Group LLP now owns 7,542,991 shares of the basic materials company's stock worth $3,511,751,000 after purchasing an additional 1,182,157 shares in the last quarter. Nuveen LLC acquired a new stake in Linde in the first quarter valued at about $2,097,793,000. Finally, Invesco Ltd. boosted its holdings in Linde by 1.1% in 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 purchasing an additional 40,931 shares in the last quarter. Hedge funds and other institutional investors own 82.80% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on LIN shares. Weiss Ratings reissued a "buy (b)" rating on shares of Linde in a report on Wednesday, October 8th. Seaport Res Ptn raised Linde from a "hold" rating to a "strong-buy" rating in a report on Monday, November 3rd. JPMorgan Chase & Co. cut their price target on shares of Linde from $475.00 to $455.00 and set an "overweight" rating for the company in a report on Monday, November 3rd. UBS Group decreased their price objective 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. Finally, Royal Bank Of Canada dropped their target price on shares of Linde from $576.00 to $540.00 and set an "outperform" rating for the company in a report on Thursday, November 6th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $508.83.

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Check Out Our Latest Stock Analysis on Linde

Linde Stock Performance

NASDAQ:LIN opened at $407.67 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $190.36 billion, a P/E ratio of 29.00, a price-to-earnings-growth ratio of 2.85 and a beta of 0.91. The firm has a 50-day moving average price of $446.50 and a two-hundred day moving average price of $460.95. Linde PLC has a twelve month low of $406.42 and a twelve month high of $486.38.

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Linde (NASDAQ:LIN - Get Free Report) 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 the consensus estimate of $4.18 by $0.03. Linde had a net margin of 20.20% and a return on equity of 19.09%. The company had revenue of $8.62 billion for the quarter, compared to the consensus estimate of $8.62 billion. During the same quarter in the prior year, the firm earned $3.94 earnings per share. The company's revenue for the quarter 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. As a group, research analysts expect that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd will be issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Wednesday, December 3rd. Linde's dividend payout ratio is 40.19%.

Linde Company Profile

(Free Report)

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.

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