Parnassus Investments LLC Has $995.97 Million Stake in Linde PLC $LIN

Parnassus Investments LLC reduced its position in Linde PLC (NASDAQ:LIN) by 2.1% in the 3rd quarter, Holdings Channel reports. The firm owned 2,096,785 shares of the basic materials company’s stock after selling 45,478 shares during the quarter. Linde comprises approximately 2.3% of Parnassus Investments LLC’s investment portfolio, making the stock its 13th biggest position. Parnassus Investments LLC’s holdings in Linde were worth $995,973,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Norges Bank bought a new position in shares of Linde during the 2nd quarter worth about $3,098,772,000. Assenagon Asset Management S.A. increased its stake in Linde by 82.5% in the third quarter. Assenagon Asset Management S.A. now owns 1,683,248 shares of the basic materials company’s stock valued at $799,543,000 after acquiring an additional 760,954 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in Linde by 18.5% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,972,515 shares of the basic materials company’s stock worth $1,394,198,000 after purchasing an additional 463,977 shares in the last quarter. ABN AMRO Bank N.V. acquired a new position in Linde in the second quarter worth about $187,359,000. Finally, Neuberger Berman Group LLC lifted its stake in Linde by 48.7% during the second quarter. Neuberger Berman Group LLC now owns 1,131,132 shares of the basic materials company’s stock worth $530,617,000 after purchasing an additional 370,261 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Price Performance

Linde stock opened at $444.08 on Friday. The business’s fifty day moving average is $417.69 and its two-hundred day moving average is $450.41. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.69 and a current ratio of 0.82. The firm has a market cap of $207.36 billion, a P/E ratio of 29.74, a P/E/G ratio of 3.10 and a beta of 0.85. Linde PLC has a 52 week low of $387.78 and a 52 week high of $486.38.

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

Linde Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on LIN shares. JPMorgan Chase & Co. lowered their price objective 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 target on Linde in a research report on Thursday, December 11th. Seaport Res Ptn raised Linde from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Weiss Ratings restated a “hold (c+)” rating on shares of Linde in a research note on Monday, December 29th. Finally, Royal Bank Of Canada lowered their target price on shares of Linde from $540.00 to $490.00 and set an “outperform” rating on the stock in a report on Friday, December 12th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $501.00.

About Linde

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.