Syverson Strege & Co Invests $361,000 in Linde PLC $LIN

Syverson Strege & Co acquired a new position in shares of Linde PLC (NASDAQ:LIN) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 769 shares of the basic materials company’s stock, valued at approximately $361,000.

Several other institutional investors also recently modified their holdings of LIN. Nuveen LLC bought a new stake in Linde in the first quarter valued at $2,097,793,000. Deutsche Bank AG lifted its holdings in shares of Linde by 172.4% during the first quarter. Deutsche Bank AG now owns 2,407,637 shares of the basic materials company’s stock valued at $1,121,092,000 after acquiring an additional 1,523,702 shares during the period. Wellington Management Group LLP lifted its holdings in shares of 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 valued at $3,511,751,000 after acquiring an additional 1,182,157 shares during the period. Alecta Tjanstepension Omsesidigt bought a new position in shares of Linde during the first quarter valued at $233,405,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of 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 acquiring an additional 453,108 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on LIN shares. JPMorgan Chase & Co. lifted their price objective on Linde from $470.00 to $475.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Citigroup lifted their price objective on Linde from $530.00 to $535.00 and gave the company a “buy” rating in a report on Monday, October 6th. UBS Group cut their price objective on Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Linde in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Linde currently has an average rating of “Buy” and a consensus target price of $521.60.

Insider Buying and Selling at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of the business’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $473.38, for a total transaction of $23,815,274.42. Following the completion of the sale, the director owned 480,543 shares in the company, valued at $227,479,445.34. The trade was a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.70% of the stock is currently owned by insiders.

Linde Trading Down 2.6%

Shares of LIN opened at $418.68 on Friday. The stock has a fifty day moving average price of $465.40 and a two-hundred day moving average price of $464.39. 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 PLC has a 52-week low of $408.65 and a 52-week high of $486.38. The company has a market cap of $196.32 billion, a price-to-earnings ratio of 29.78, a PEG ratio of 2.85 and a beta of 0.93.

Linde (NASDAQ:LIN) last issued its quarterly earnings data 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 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 the consensus estimate of $8.62 billion. During the same quarter in the previous year, the company posted $3.94 EPS. The business’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. Analysts predict that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Announces Dividend

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 dividend of $1.50 per share. The ex-dividend date is Wednesday, December 3rd. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.4%. Linde’s payout ratio is presently 42.67%.

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.