NWF Advisory Services Inc. Acquires Shares of 2,141 Linde PLC $LIN

NWF Advisory Services Inc. acquired a new position in Linde PLC (NASDAQ:LIN) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 2,141 shares of the basic materials company’s stock, valued at approximately $1,004,000.

Several other institutional investors also recently modified their holdings of LIN. Vanguard Group Inc. boosted 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 acquiring an additional 292,492 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position 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 worth $4,470,284,000 after purchasing an additional 453,108 shares in the last quarter. Wellington Management Group LLP lifted 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 acquiring an additional 1,182,157 shares in the last quarter. Norges Bank bought a new position in Linde during the second quarter worth about $3,098,772,000. Finally, Invesco Ltd. grew its stake in Linde by 4.8% in the second quarter. Invesco Ltd. now owns 4,044,833 shares of the basic materials company’s stock valued at $1,897,755,000 after acquiring an additional 185,294 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on LIN. Royal Bank Of Canada cut their price objective on Linde from $540.00 to $490.00 and set an “outperform” rating on the stock in a report on Friday. JPMorgan Chase & Co. dropped their price target on Linde from $475.00 to $455.00 and set an “overweight” rating on the stock in a research note on Monday, November 3rd. Mizuho set a $495.00 price objective on shares of Linde in a research report on Thursday. CICC Research began coverage on shares of Linde in a research note on Wednesday, December 3rd. They issued an “outperform” rating and a $510.00 price target on the stock. Finally, 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. Two analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $501.00.

Linde Trading Up 3.2%

Shares of Linde stock opened at $416.24 on Monday. 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 12-month low of $387.78 and a 12-month high of $486.38. The company has a market capitalization of $194.36 billion, a price-to-earnings ratio of 27.88, a PEG ratio of 3.19 and a beta of 0.85. The firm’s 50-day moving average price is $426.77 and its two-hundred day moving average price is $455.71.

Linde (NASDAQ:LIN) last posted its quarterly 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 business had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.62 billion. During the same quarter last year, the business posted $3.94 EPS. The firm’s revenue for the quarter 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. On average, analysts forecast that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be issued a dividend of $1.50 per share. The ex-dividend date is Wednesday, December 3rd. This represents a $6.00 annualized dividend and a dividend yield of 1.4%. Linde’s dividend payout ratio is 40.19%.

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.