Pacer Advisors Inc. Sells 6,747 Shares of Linde PLC $LIN

Pacer Advisors Inc. cut its stake in shares of Linde PLC (NASDAQ:LIN) by 8.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 70,304 shares of the basic materials company’s stock after selling 6,747 shares during the quarter. Pacer Advisors Inc.’s holdings in Linde were worth $33,394,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LIN. Darwin Wealth Management LLC purchased a new position in Linde during the second quarter valued at approximately $25,000. eCIO Inc. bought a new stake in shares of Linde during the 1st quarter valued at $45,000. Howard Hughes Medical Institute purchased a new position in shares of Linde during the 2nd quarter valued at $48,000. Nova Wealth Management Inc. bought a new position in Linde in the 1st quarter worth $52,000. Finally, Activest Wealth Management boosted its holdings in Linde by 5,800.0% in the 1st quarter. Activest Wealth Management now owns 118 shares of the basic materials company’s stock worth $55,000 after buying an additional 116 shares during the period. 82.80% of the stock is owned by hedge funds and other institutional investors.

Linde Trading Down 0.0%

Shares of LIN opened at $424.77 on Friday. The company’s fifty day simple moving average is $419.51 and its 200-day simple moving average is $452.60. The company has a market cap of $198.35 billion, a P/E ratio of 28.45, a P/E/G ratio of 3.26 and a beta of 0.85. The company has a current ratio of 0.82, a quick ratio of 0.69 and a debt-to-equity ratio of 0.46. Linde PLC has a twelve month low of $387.78 and a twelve month high of $486.38.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Friday, October 31st. The basic materials company reported $4.21 EPS for the quarter, topping analysts’ consensus estimates of $4.18 by $0.03. Linde had a net margin of 21.17% and a return on equity of 19.38%. The firm had revenue of $8.62 billion during the quarter, compared to analysts’ expectations of $8.62 billion. During the same period in the previous year, the company earned $3.94 EPS. The firm’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 and its Q4 2025 guidance at 4.100-4.200 EPS. As a group, analysts expect that Linde PLC will post 16.54 EPS for the current year.

Linde Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd were paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Wednesday, December 3rd. Linde’s dividend payout ratio (DPR) is currently 40.19%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Weiss Ratings downgraded Linde from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday. Sanford C. Bernstein restated an “outperform” rating and set a $516.00 target price on shares of Linde in a research report on Monday, November 3rd. Mizuho set a $495.00 target price on shares of Linde in a research note on Thursday, December 11th. Citigroup decreased their price target on shares of Linde from $535.00 to $520.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. Finally, UBS Group reissued a “buy” rating on shares of Linde in a report on Friday, December 12th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $501.00.

Linde Profile

Linde (NASDAQ: LIN) is a multinational industrial gases and engineering company that supplies gases, related technologies and services to a wide range of industries. The company traces its current form to the 2018 combination of Germany’s Linde AG and U.S.-based Praxair, creating one of the largest global providers of industrial, specialty and medical gases. Linde’s business model centers on production, processing and distribution of gases as well as the design and construction of the plants and equipment needed to produce them.

Core products and services include atmospheric and process gases such as oxygen, nitrogen and argon; hydrogen and helium; carbon dioxide; and a portfolio of higher‑value specialty and electronic gases.