Linde PLC $LIN Shares Bought by Nebula Research & Development LLC

Nebula Research & Development LLC grew its holdings in Linde PLC (NASDAQ:LIN) by 112.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,799 shares of the basic materials company’s stock after buying an additional 4,665 shares during the period. Nebula Research & Development LLC’s holdings in Linde were worth $4,128,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in LIN. Brighton Jones LLC purchased a new position in Linde during the 4th quarter valued at about $2,752,000. Revolve Wealth Partners LLC increased its stake in Linde by 14.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company’s stock worth $325,000 after purchasing an additional 96 shares during the period. Prudential PLC grew its holdings in shares of Linde by 7.1% in the first quarter. Prudential PLC now owns 13,985 shares of the basic materials company’s stock valued at $6,512,000 after purchasing an additional 928 shares in the last quarter. Klingman & Associates LLC grew its holdings in shares of Linde by 11.0% in the first quarter. Klingman & Associates LLC now owns 1,030 shares of the basic materials company’s stock valued at $480,000 after purchasing an additional 102 shares in the last quarter. Finally, National Pension Service increased its stake in Linde by 9.3% during the 1st quarter. National Pension Service now owns 1,008,568 shares of the basic materials company’s stock worth $469,630,000 after buying an additional 85,818 shares during the period. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on LIN shares. Royal Bank Of Canada lowered their target price on Linde from $576.00 to $540.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. JPMorgan Chase & Co. lowered their price objective on Linde from $475.00 to $455.00 and set an “overweight” rating for the company in a research report on Monday, November 3rd. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $516.00 target price on shares of Linde in a report on Monday, November 3rd. Seaport Res Ptn upgraded shares of Linde from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Linde in a report on Monday. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $509.00.

Linde Stock Performance

Shares of Linde stock opened at $392.68 on Thursday. The company has a quick ratio of 0.69, a current ratio of 0.82 and a debt-to-equity ratio of 0.46. Linde PLC has a 52 week low of $387.78 and a 52 week high of $486.38. The firm’s 50 day moving average is $429.10 and its two-hundred day moving average is $456.51. The firm has a market capitalization of $183.36 billion, a P/E ratio of 26.30, a P/E/G ratio of 2.99 and a beta of 0.85.

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

Linde Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd will be issued a dividend of $1.50 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $6.00 annualized dividend and a dividend yield of 1.5%. Linde’s dividend payout ratio (DPR) is presently 40.19%.

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.