Silver Oak Securities Incorporated Sells 1,304 Shares of Linde PLC $LIN

Silver Oak Securities Incorporated cut its holdings in shares of Linde PLC (NASDAQ:LIN) by 67.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 627 shares of the basic materials company’s stock after selling 1,304 shares during the period. Silver Oak Securities Incorporated’s holdings in Linde were worth $298,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of LIN. Darwin Wealth Management LLC bought a new position in shares of Linde during the 2nd quarter valued at about $25,000. YANKCOM Partnership lifted its stake in Linde by 195.2% in the third quarter. YANKCOM Partnership now owns 62 shares of the basic materials company’s stock valued at $29,000 after buying an additional 41 shares in the last quarter. Albion Financial Group UT lifted its stake in Linde by 87.8% in the third quarter. Albion Financial Group UT now owns 77 shares of the basic materials company’s stock valued at $37,000 after buying an additional 36 shares in the last quarter. eCIO Inc. acquired a new position in shares of Linde in the first quarter valued at approximately $45,000. Finally, Howard Hughes Medical Institute bought a new stake in shares of Linde during the second quarter worth $48,000. 82.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on LIN shares. Seaport Res Ptn raised shares of Linde from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Weiss Ratings restated a “hold (c+)” rating on shares of Linde in a report on Monday, December 29th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $516.00 price objective on shares of Linde in a research report on Monday, November 3rd. JPMorgan Chase & Co. dropped their target price on Linde from $475.00 to $455.00 and set an “overweight” rating on the stock in a research report on Monday, November 3rd. Finally, Mizuho set a $495.00 target price on Linde in a research note on Thursday, December 11th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $501.00.

Linde Price Performance

NASDAQ:LIN opened at $433.10 on Tuesday. Linde PLC has a 52-week low of $387.78 and a 52-week high of $486.38. The company has a market cap of $202.24 billion, a P/E ratio of 29.01, a P/E/G ratio of 3.03 and a beta of 0.85. 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 50-day simple moving average is $417.06 and its 200 day simple moving average is $450.84.

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

Linde Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd were given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Wednesday, December 3rd. Linde’s dividend payout ratio is 40.19%.

Linde Company 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.