Tema Etfs LLC Takes Position in Linde PLC $LIN

Tema Etfs LLC acquired a new position in shares of Linde PLC (NASDAQ:LIN) during the second quarter, HoldingsChannel reports. The fund acquired 11,109 shares of the basic materials company’s stock, valued at approximately $5,212,000. Linde makes up approximately 1.4% of Tema Etfs LLC’s portfolio, making the stock its 20th largest position.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Brown Advisory Inc. boosted its stake in shares of Linde by 4.0% during the 2nd quarter. Brown Advisory Inc. now owns 122,534 shares of the basic materials company’s stock worth $57,491,000 after acquiring an additional 4,673 shares in the last quarter. Amundi raised its holdings in Linde by 6.1% during the second quarter. Amundi now owns 3,019,725 shares of the basic materials company’s stock worth $1,440,922,000 after purchasing an additional 173,674 shares during the last quarter. Marshall Wace LLP raised its holdings in Linde by 20.0% during the second quarter. Marshall Wace LLP now owns 426,150 shares of the basic materials company’s stock worth $199,929,000 after purchasing an additional 71,159 shares during the last quarter. Royal Fund Management LLC purchased a new stake in Linde during the second quarter worth $209,000. Finally, Great Diamond Partners LLC grew its holdings in Linde by 348.5% in the second quarter. Great Diamond Partners LLC now owns 2,606 shares of the basic materials company’s stock valued at $1,223,000 after purchasing an additional 2,025 shares during the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Linde Stock Down 1.3%

Shares of NASDAQ LIN opened at $403.73 on Friday. The firm has a market cap of $188.52 billion, a P/E ratio of 27.04, a price-to-earnings-growth ratio of 3.14 and a beta of 0.85. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.69 and a current ratio of 0.82. Linde PLC has a 1 year low of $401.93 and a 1 year high of $486.38. The firm’s 50 day moving average price is $435.52 and its 200 day moving average price is $458.35.

Linde (NASDAQ:LIN) last issued its quarterly earnings results on Friday, October 31st. The basic materials company reported $4.21 earnings per share for the quarter, beating the consensus estimate of $4.18 by $0.03. Linde had a return on equity of 19.38% and a net margin of 21.17%.The company had revenue of $8.62 billion during the quarter, compared to the consensus estimate of $8.62 billion. During the same period in the previous year, the firm posted $3.94 EPS. Linde’s revenue was up 2.9% on a year-over-year basis. Linde has set its FY 2025 guidance at 16.350-16.450 EPS and its Q4 2025 guidance at 4.100-4.200 EPS. As a group, sell-side analysts anticipate that Linde PLC will post 16.54 earnings per share for the current year.

Linde Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Investors 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 annualized dividend and a yield of 1.5%. Linde’s dividend payout ratio is 40.19%.

Analysts Set New Price Targets

Several research firms have recently issued reports on LIN. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Linde in a research note on Monday. Citigroup dropped their target price on shares of Linde from $535.00 to $520.00 and set a “buy” rating for the company in a report on Monday, November 3rd. Royal Bank Of Canada cut their target price on shares of Linde from $576.00 to $540.00 and set an “outperform” rating for the company in a research report on Thursday, November 6th. CICC Research assumed coverage on shares of Linde in a research report on Wednesday. They issued an “outperform” rating and a $510.00 price target on the stock. Finally, Seaport Res Ptn raised shares of Linde from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Linde currently has a consensus rating of “Buy” and an average target price of $509.00.

About Linde

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.