Linde PLC $LIN Shares Bought by Spire Wealth Management

Spire Wealth Management raised its position in shares of Linde PLC (NASDAQ:LIN) by 13.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 10,775 shares of the basic materials company’s stock after buying an additional 1,242 shares during the period. Spire Wealth Management’s holdings in Linde were worth $5,118,000 at the end of the most recent quarter.

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

Linde Trading Down 0.7%

Shares of NASDAQ:LIN opened at $434.14 on Thursday. Linde PLC has a 52 week low of $387.78 and a 52 week high of $486.38. The company’s 50 day moving average is $416.99 and its two-hundred day moving average is $450.59. The company has a market cap of $202.72 billion, a PE ratio of 29.08, a P/E/G ratio of 3.08 and a beta of 0.85. The company has a current ratio of 0.82, a quick ratio of 0.69 and a debt-to-equity ratio of 0.46.

Linde (NASDAQ:LIN) last issued its earnings results 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. The firm had revenue of $8.62 billion during the quarter, compared to the consensus estimate of $8.62 billion. Linde had a net margin of 21.17% and a return on equity of 19.38%. The company’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $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. Equities analysts predict that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Announces Dividend

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

Analyst Ratings Changes

Several brokerages recently weighed in on LIN. BMO Capital Markets set a $501.00 target price on shares of Linde in a research note on Wednesday, December 17th. Mizuho set a $495.00 price objective on Linde in a research report on Thursday, December 11th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Linde in a research note on Monday, December 29th. UBS Group reiterated a “buy” rating on shares of Linde in a report on Friday, December 12th. 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, seven have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $501.00.

About Linde

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.