SteelPeak Wealth LLC Trims Stake in Linde PLC $LIN

SteelPeak Wealth LLC cut its stake in Linde PLC (NASDAQ:LIN) by 42.5% in the third quarter, HoldingsChannel reports. The fund owned 26,244 shares of the basic materials company’s stock after selling 19,411 shares during the period. SteelPeak Wealth LLC’s holdings in Linde were worth $12,466,000 as of its most recent filing with the Securities and Exchange Commission.

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

Linde Trading Down 0.5%

Shares of LIN stock opened at $426.39 on Friday. Linde PLC has a fifty-two week low of $387.78 and a fifty-two week high of $486.38. 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 stock’s fifty day moving average is $417.63 and its two-hundred day moving average is $451.40. The firm has a market capitalization of $199.10 billion, a P/E ratio of 28.56, a PEG ratio of 3.27 and a beta of 0.85.

Linde (NASDAQ:LIN) last issued its earnings results on Friday, October 31st. The basic materials company reported $4.21 EPS for the quarter, beating analysts’ consensus estimates of $4.18 by $0.03. The business had revenue of $8.62 billion during the quarter, compared to analysts’ expectations of $8.62 billion. Linde had a net margin of 21.17% and a return on equity of 19.38%. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the business earned $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. Research analysts expect that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Announces Dividend

The firm 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. This represents a $6.00 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Wednesday, December 3rd. Linde’s dividend payout ratio (DPR) is 40.19%.

Analysts Set New Price Targets

Several analysts have commented on LIN shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Linde in a report on Monday. JPMorgan Chase & Co. dropped their price target on shares of Linde from $475.00 to $455.00 and set an “overweight” rating on the stock in a research note on Monday, November 3rd. BMO Capital Markets set a $501.00 price target on shares of Linde in a report on Wednesday, December 17th. 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 report on Monday, November 3rd. Finally, Seaport Res Ptn upgraded shares of Linde from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Two 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 data from MarketBeat, Linde presently has a consensus rating of “Buy” and a consensus price target 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.