Zions Bancorporation National Association UT Acquires 9,745 Shares of Linde PLC $LIN

Zions Bancorporation National Association UT raised its holdings in shares of Linde PLC (NASDAQ:LIN) by 1,561.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 10,369 shares of the basic materials company’s stock after acquiring an additional 9,745 shares during the period. Zions Bancorporation National Association UT’s holdings in Linde were worth $4,865,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. eCIO Inc. bought a new stake in Linde in the first quarter valued at about $45,000. Clal Insurance Enterprises Holdings Ltd grew its position in shares of Linde by 445.0% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company’s stock worth $51,000 after buying an additional 89 shares during the period. Nova Wealth Management Inc. acquired a new position in shares of Linde during the 1st quarter worth about $52,000. Costello Asset Management INC bought a new stake in shares of Linde in the 1st quarter valued at about $54,000. Finally, Activest Wealth Management raised its position in shares of Linde by 5,800.0% in the 1st quarter. Activest Wealth Management now owns 118 shares of the basic materials company’s stock valued at $55,000 after acquiring an additional 116 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Price Performance

LIN stock opened at $420.51 on Friday. The stock has a 50-day moving average price of $459.02 and a two-hundred day moving average price of $463.32. Linde PLC has a 1 year low of $408.65 and a 1 year high of $486.38. The stock has a market cap of $196.36 billion, a PE ratio of 29.91, a price-to-earnings-growth ratio of 2.85 and a beta of 0.91. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 0.49.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Friday, October 31st. The basic materials company reported $4.21 earnings per share for the quarter, topping the consensus estimate of $4.18 by $0.03. The company had revenue of $8.62 billion during the quarter, compared to analysts’ expectations of $8.62 billion. Linde had a return on equity of 19.09% and a net margin of 20.20%.Linde’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.94 earnings per share. Linde has set its FY 2025 guidance at 16.350-16.450 EPS. Q4 2025 guidance at 4.100-4.200 EPS. Equities analysts forecast that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their price objective 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. Citigroup reduced their price target on shares of Linde from $535.00 to $520.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of Linde in a report on Wednesday, October 8th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $516.00 price objective on shares of Linde in a research note on Monday, November 3rd. Finally, Seaport Res Ptn upgraded Linde from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Linde currently has an average rating of “Buy” and a consensus target price of $508.83.

Linde Company 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.