Geode Capital Management LLC Has $5.27 Billion Stock Holdings in Linde PLC $LIN

Geode Capital Management LLC trimmed its holdings in Linde PLC (NASDAQ:LIN) by 0.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,260,826 shares of the basic materials company’s stock after selling 17,605 shares during the period. Geode Capital Management LLC owned about 2.40% of Linde worth $5,269,846,000 as of its most recent filing with the Securities and Exchange Commission.

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

Linde Trading Up 1.4%

NASDAQ:LIN opened at $426.65 on Wednesday. The firm’s 50 day moving average is $456.92 and its 200 day moving average is $463.07. Linde PLC has a 12 month low of $408.65 and a 12 month high of $486.38. The stock has a market capitalization of $199.22 billion, a PE ratio of 30.34, 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 issued its earnings results on Friday, October 31st. The basic materials company reported $4.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.18 by $0.03. Linde had a return on equity of 19.09% and a net margin of 20.20%.The firm had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.62 billion. During the same period in the previous year, the company posted $3.94 earnings per share. The business’s revenue was up 2.9% on a year-over-year basis. Linde has set its FY 2025 guidance at 16.350-16.450 EPS. Q4 2025 guidance at 4.100-4.200 EPS. Sell-side analysts expect that Linde PLC will post 16.54 earnings per share for the current year.

Linde Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Royal Bank Of Canada dropped their price objective on Linde from $576.00 to $540.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. Citigroup dropped 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 reaffirmed a “buy (b)” rating on shares of Linde in a research report on Wednesday, October 8th. UBS Group decreased their price objective on shares of Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $516.00 target price on shares of Linde in a research note 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 issued a Hold rating to the stock. According to MarketBeat, Linde has an average rating of “Buy” and a consensus target price of $508.83.

About Linde

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.