Prescott Group Capital Management L.L.C. Has $425,000 Stock Position in Linde PLC $LIN

Prescott Group Capital Management L.L.C. increased its position in shares of Linde PLC (NASDAQ:LIN) by 48.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 905 shares of the basic materials company’s stock after buying an additional 294 shares during the period. Prescott Group Capital Management L.L.C.’s holdings in Linde were worth $425,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Rathbones Group PLC grew its position in shares of Linde by 8.7% in the second quarter. Rathbones Group PLC now owns 584,284 shares of the basic materials company’s stock valued at $274,134,000 after purchasing an additional 46,945 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Linde by 2.1% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 42,195 shares of the basic materials company’s stock valued at $19,797,000 after buying an additional 863 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Linde by 6.2% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 949,474 shares of the basic materials company’s stock worth $445,474,000 after buying an additional 55,071 shares during the period. Parkside Financial Bank & Trust lifted its holdings in shares of Linde by 4.0% during the second quarter. Parkside Financial Bank & Trust now owns 1,847 shares of the basic materials company’s stock worth $867,000 after buying an additional 71 shares during the last quarter. Finally, Aviva PLC boosted its position in shares of Linde by 11.1% in the second quarter. Aviva PLC now owns 681,263 shares of the basic materials company’s stock valued at $319,635,000 after acquiring an additional 68,034 shares during the period. Institutional investors own 82.80% of the company’s stock.

Linde Stock Up 1.2%

LIN opened at $420.51 on Friday. The company has a market capitalization of $196.36 billion, a P/E ratio of 29.91, a P/E/G ratio of 2.85 and a beta of 0.91. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.93 and a quick ratio of 0.78. The firm’s fifty day moving average price is $459.02 and its two-hundred day moving average price is $463.32. Linde PLC has a fifty-two week low of $408.65 and a fifty-two week high of $486.38.

Linde (NASDAQ:LIN) last released its quarterly earnings data 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 20.20% and a return on equity of 19.09%. The company had revenue of $8.62 billion during the quarter, compared to the consensus estimate of $8.62 billion. During the same period last year, the firm 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. Q4 2025 guidance at 4.100-4.200 EPS. On average, analysts anticipate that Linde PLC will post 16.54 EPS for the current year.

Linde Announces Dividend

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

Analyst Ratings Changes

Several brokerages have recently issued reports on LIN. JPMorgan Chase & Co. lowered their price objective 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. Sanford C. Bernstein reissued an “outperform” rating and issued a $516.00 price target on shares of Linde in a report on Monday, November 3rd. Royal Bank Of Canada decreased their price target on shares of Linde from $576.00 to $540.00 and set an “outperform” rating on the stock in a research report on Thursday. Citigroup cut 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 note on Monday, November 3rd. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Linde presently has an average rating of “Buy” and a consensus target price of $508.83.

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.