Marshall Wace LLP Has $199.93 Million Position in Linde PLC $LIN

Marshall Wace LLP grew its position in Linde PLC (NASDAQ:LIN) by 20.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 426,150 shares of the basic materials company’s stock after purchasing an additional 71,159 shares during the quarter. Marshall Wace LLP’s holdings in Linde were worth $199,929,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Breakwater Capital Group raised its stake in Linde by 2.3% during the 2nd quarter. Breakwater Capital Group now owns 980 shares of the basic materials company’s stock worth $460,000 after buying an additional 22 shares during the period. Canopy Partners LLC increased its stake in Linde by 2.9% in the 2nd quarter. Canopy Partners LLC now owns 788 shares of the basic materials company’s stock valued at $370,000 after buying an additional 22 shares during the last quarter. Mitchell Sinkler & Starr PA raised its stake in shares of Linde by 1.9% during the 2nd quarter. Mitchell Sinkler & Starr PA now owns 1,192 shares of the basic materials company’s stock worth $559,000 after purchasing an additional 22 shares in the last quarter. Clarendon Private LLC grew its holdings in Linde by 1.0% during the second quarter. Clarendon Private LLC now owns 2,273 shares of the basic materials company’s stock worth $1,066,000 after purchasing an additional 22 shares during the period. Finally, Sound Financial Strategies Group LLC boosted its position in Linde by 1.4% during the second quarter. Sound Financial Strategies Group LLC now owns 1,635 shares of the basic materials company’s stock worth $767,000 after purchasing an additional 22 shares during the period. 82.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on LIN. CICC Research began coverage on shares of Linde in a research note on Wednesday. They issued an “outperform” rating and a $510.00 price target on the stock. Royal Bank Of Canada reduced 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. Weiss Ratings reissued a “buy (b-)” rating on shares of Linde in a report on Monday. Citigroup reduced their target price on shares of Linde from $535.00 to $520.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $516.00 price target 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, seven have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Linde has a consensus rating of “Buy” and a consensus price target of $509.00.

Linde Stock Down 1.3%

Shares of NASDAQ LIN opened at $403.73 on Friday. The company has a quick ratio of 0.69, a current ratio of 0.82 and a debt-to-equity ratio of 0.46. The firm has a market cap of $188.52 billion, a PE ratio of 27.04, a P/E/G ratio of 3.14 and a beta of 0.85. The company’s fifty day simple moving average is $435.52 and its 200 day simple moving average is $458.35. Linde PLC has a 12-month low of $401.93 and a 12-month high of $486.38.

Linde (NASDAQ:LIN) last announced its quarterly earnings results on Friday, October 31st. The basic materials company reported $4.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.18 by $0.03. The business had revenue of $8.62 billion for 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%.The company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company 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. As a group, sell-side analysts forecast that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Dividend Announcement

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 1.5%. The ex-dividend date of this dividend is Wednesday, December 3rd. Linde’s payout ratio is currently 40.19%.

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.