Lbp Am Sa Trims Position in Linde PLC $LIN

Lbp Am Sa decreased its position in shares of Linde PLC (NASDAQ:LIN) by 23.3% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 279,192 shares of the basic materials company’s stock after selling 84,770 shares during the quarter. Linde makes up 1.6% of Lbp Am Sa’s holdings, making the stock its 11th largest holding. Lbp Am Sa’s holdings in Linde were worth $132,616,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC purchased a new stake in shares of Linde during the fourth quarter worth about $2,752,000. Revolve Wealth Partners LLC boosted its position in shares of Linde by 14.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company’s stock worth $325,000 after acquiring an additional 96 shares during the last quarter. Sivia Capital Partners LLC grew its position in shares of Linde by 19.8% during the second quarter. Sivia Capital Partners LLC now owns 1,569 shares of the basic materials company’s stock valued at $736,000 after purchasing an additional 259 shares in the last quarter. ORG Partners LLC increased its holdings in shares of Linde by 18.0% in the second quarter. ORG Partners LLC now owns 590 shares of the basic materials company’s stock worth $283,000 after purchasing an additional 90 shares during the last quarter. Finally, Diversified Enterprises LLC lifted its position in shares of Linde by 4.9% in the second quarter. Diversified Enterprises LLC now owns 533 shares of the basic materials company’s stock worth $250,000 after buying an additional 25 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.

Linde Trading Up 1.3%

NASDAQ LIN opened at $451.57 on Monday. The stock has a market cap of $210.86 billion, a PE ratio of 30.25, a PEG ratio of 3.17 and a beta of 0.85. Linde PLC has a 12 month low of $387.78 and a 12 month high of $486.38. The company’s 50-day moving average price is $421.73 and its 200-day moving average price is $448.14. 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.18 by $0.03. Linde had a net margin of 21.17% and a return on equity of 19.38%. The company had revenue of $8.62 billion for the quarter, compared to analysts’ expectations of $8.62 billion. During the same period in the prior year, the business earned $3.94 EPS. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. 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 research analysts forecast that Linde PLC will post 16.54 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. UBS Group restated a “buy” rating on shares of Linde in a report on Friday, December 12th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Linde in a research report on Monday, December 29th. Royal Bank Of Canada reduced their price target on shares of Linde from $540.00 to $490.00 and set an “outperform” rating on the stock in a research report on Friday, December 12th. Mizuho set a $495.00 price target on shares of Linde in a research note on Thursday, December 11th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $516.00 price objective on shares of Linde in a research report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $501.75.

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.