Linde PLC $LIN Shares Sold by Truist Financial Corp

Truist Financial Corp trimmed its stake in Linde PLC (NASDAQ:LIN) by 2.4% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 188,409 shares of the basic materials company’s stock after selling 4,579 shares during the quarter. Truist Financial Corp’s holdings in Linde were worth $89,494,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in shares of Linde in the 2nd quarter worth about $3,098,772,000. Assenagon Asset Management S.A. increased its stake in shares of Linde by 82.5% in the third quarter. Assenagon Asset Management S.A. now owns 1,683,248 shares of the basic materials company’s stock valued at $799,543,000 after purchasing an additional 760,954 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in shares of Linde by 18.5% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,972,515 shares of the basic materials company’s stock valued at $1,394,198,000 after purchasing an additional 463,977 shares during the period. ABN AMRO Bank N.V. bought a new stake in shares of Linde during the second quarter valued at approximately $187,359,000. Finally, Neuberger Berman Group LLC boosted its position in shares of Linde by 48.7% during the second quarter. Neuberger Berman Group LLC now owns 1,131,132 shares of the basic materials company’s stock worth $530,617,000 after buying an additional 370,261 shares during the period. Institutional investors own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Mizuho set a $495.00 target price on Linde in a research report on Thursday, December 11th. Royal Bank Of Canada lowered their price target on Linde from $540.00 to $490.00 and set an “outperform” rating on the stock in a report on Friday, December 12th. CICC Research started coverage on shares of Linde in a report on Wednesday, December 3rd. They issued an “outperform” rating and a $510.00 price objective for the company. BMO Capital Markets set a $501.00 target price on shares of Linde in a research report on Wednesday, December 17th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Linde from $475.00 to $455.00 and set an “overweight” rating on the stock 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 assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $501.75.

Linde Price Performance

NASDAQ:LIN opened at $451.50 on Thursday. The business’s 50-day moving average price is $424.00 and its 200 day moving average price is $447.95. The firm has a market cap of $210.83 billion, a P/E ratio of 30.24, a PEG ratio of 3.18 and a beta of 0.85. Linde PLC has a 52-week low of $387.78 and a 52-week high of $486.38. The company has a quick ratio of 0.69, a current ratio of 0.82 and a debt-to-equity ratio of 0.46.

Linde (NASDAQ:LIN) last issued 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. Linde had a net margin of 21.17% and a return on equity of 19.38%. The company had revenue of $8.62 billion during the quarter, compared to the consensus estimate of $8.62 billion. During the same period in the prior year, the company earned $3.94 EPS. Linde’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 and its Q4 2025 guidance at 4.100-4.200 EPS. As a group, sell-side analysts predict that Linde PLC will post 16.54 earnings per share for the current fiscal year.

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.