Linde (NASDAQ:LIN) Reaches New 1-Year Low – What’s Next?

Linde PLC (NASDAQ:LIN) hit a new 52-week low on Monday . The stock traded as low as $395.80 and last traded at $395.7890, with a volume of 213265 shares trading hands. The stock had previously closed at $399.57.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Linde in a report on Monday, December 1st. CICC Research started coverage on Linde in a research report on Wednesday, December 3rd. They set an “outperform” rating and a $510.00 price target on the stock. Royal Bank Of Canada lowered their price target on shares of Linde from $576.00 to $540.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. Citigroup reduced their price objective on shares of Linde from $535.00 to $520.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Finally, Seaport Res Ptn upgraded shares of Linde from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Linde presently has a consensus rating of “Buy” and an average price target of $509.00.

Linde Stock Down 2.2%

The stock’s fifty day moving average price is $434.02 and its 200 day moving average price is $457.93. The company has a current ratio of 0.82, a quick ratio of 0.69 and a debt-to-equity ratio of 0.46. The stock has a market cap of $182.43 billion, a P/E ratio of 26.20, a price-to-earnings-growth ratio of 3.07 and a beta of 0.85.

Linde (NASDAQ:LIN) last announced its earnings results on Friday, October 31st. The basic materials company reported $4.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.18 by $0.03. Linde had a net margin of 21.17% and a return on equity of 19.38%. The company had revenue of $8.62 billion during the quarter, compared to analyst estimates of $8.62 billion. During the same period in the previous year, the business earned $3.94 earnings per share. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. 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, research analysts forecast 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. Investors of record on Wednesday, December 3rd will be given a $1.50 dividend. The ex-dividend date is Wednesday, December 3rd. This represents a $6.00 dividend on an annualized basis and a yield of 1.5%. Linde’s payout ratio is presently 40.19%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Brighton Jones LLC bought a new stake in Linde in the fourth quarter valued at approximately $2,752,000. Revolve Wealth Partners LLC raised its holdings in Linde by 14.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company’s stock valued at $325,000 after buying an additional 96 shares during the last quarter. AlphaCore Capital LLC purchased a new stake in Linde during the 1st quarter valued at $464,000. Savvy Advisors Inc. grew its holdings in Linde by 9.5% in the 1st quarter. Savvy Advisors Inc. now owns 1,072 shares of the basic materials company’s stock worth $499,000 after acquiring an additional 93 shares during the last quarter. Finally, Townsquare Capital LLC increased its position in shares of Linde by 17.6% in the first quarter. Townsquare Capital LLC now owns 10,589 shares of the basic materials company’s stock valued at $4,931,000 after acquiring an additional 1,583 shares during the period. 82.80% of the stock is currently owned by institutional investors.

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.