Linde PLC (NASDAQ:LIN) Short Interest Update

Linde PLC (NASDAQ:LIN) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 8,441,173 shares, an increase of 24.9% from the November 30th total of 6,758,131 shares. Currently, 1.8% of the shares of the company are short sold. Based on an average daily trading volume, of 3,439,334 shares, the short-interest ratio is currently 2.5 days. Based on an average daily trading volume, of 3,439,334 shares, the short-interest ratio is currently 2.5 days. Currently, 1.8% of the shares of the company are short sold.

Institutional Trading of Linde

Hedge funds have recently bought and sold shares of the stock. Brighton Jones LLC bought a new position in Linde during the fourth quarter valued at approximately $2,752,000. Revolve Wealth Partners LLC boosted its position in shares of 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 acquiring an additional 96 shares during the last quarter. CreativeOne Wealth LLC boosted its position in shares of Linde by 8.3% during the 1st quarter. CreativeOne Wealth LLC now owns 550 shares of the basic materials company’s stock valued at $256,000 after acquiring an additional 42 shares during the last quarter. Focus Partners Advisor Solutions LLC grew its holdings in shares of Linde by 11.8% in the first quarter. Focus Partners Advisor Solutions LLC now owns 2,519 shares of the basic materials company’s stock valued at $1,173,000 after purchasing an additional 266 shares in the last quarter. Finally, LGL Partners LLC bought a new stake in Linde in the first quarter worth $202,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Linde Price Performance

Shares of LIN stock traded down $0.57 on Wednesday, hitting $427.79. 360,882 shares of the stock traded hands, compared to its average volume of 2,185,950. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.82 and a quick ratio of 0.69. Linde has a 52 week low of $387.78 and a 52 week high of $486.38. The firm has a 50 day simple moving average of $418.58 and a two-hundred day simple moving average of $451.75. The firm has a market cap of $199.76 billion, a price-to-earnings ratio of 28.66, a PEG ratio of 3.27 and a beta of 0.85.

Linde (NASDAQ:LIN) last issued its quarterly earnings results on Friday, October 31st. The basic materials company reported $4.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.18 by $0.03. The business 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%.Linde’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $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. As a group, equities research analysts predict that Linde 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. Stockholders of record on Wednesday, December 3rd were issued a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Wednesday, December 3rd. Linde’s payout ratio is 40.19%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on LIN shares. Citigroup dropped their target price on Linde from $535.00 to $520.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. 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. JPMorgan Chase & Co. reduced their target price on shares of Linde from $475.00 to $455.00 and set an “overweight” rating for the company in a report on Monday, November 3rd. Royal Bank Of Canada decreased their price target on shares of Linde from $540.00 to $490.00 and set an “outperform” rating on the stock in a research report on Friday, December 12th. Finally, BMO Capital Markets set a $501.00 price objective on shares of Linde in a research report on Wednesday, December 17th. Two 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’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $501.00.

Linde Company 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.