Linde PLC $LIN Shares Sold by Moran Wealth Management LLC

Moran Wealth Management LLC trimmed its position in shares of Linde PLC (NASDAQ:LIN) by 3.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 67,724 shares of the basic materials company’s stock after selling 2,391 shares during the period. Linde makes up about 1.0% of Moran Wealth Management LLC’s holdings, making the stock its 15th biggest holding. Moran Wealth Management LLC’s holdings in Linde were worth $32,169,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Darwin Wealth Management LLC purchased a new position in Linde in the second quarter valued at approximately $25,000. YANKCOM Partnership boosted its holdings in Linde by 195.2% in the 3rd quarter. YANKCOM Partnership now owns 62 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 41 shares during the period. Albion Financial Group UT grew its position 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 acquiring an additional 36 shares in the last quarter. eCIO Inc. purchased a new stake in shares of Linde during the first quarter valued at approximately $45,000. Finally, Howard Hughes Medical Institute acquired a new position in shares of Linde during the second quarter worth $48,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on LIN shares. Mizuho set a $495.00 target price on shares of Linde in a research note on Thursday, December 11th. Weiss Ratings reissued a “hold (c+)” rating on shares of Linde in a research report on Monday, December 29th. Citigroup lowered their target price on Linde from $535.00 to $520.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. CICC Research began coverage on Linde in a research note on Wednesday, December 3rd. They issued an “outperform” rating and a $510.00 price target on the stock. Finally, UBS Group reissued a “buy” rating on shares of Linde in a report on Friday, December 12th. Two equities research 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. According to data from MarketBeat.com, Linde currently has an average rating of “Buy” and a consensus target price of $501.00.

Linde Price Performance

LIN opened at $434.14 on Thursday. The company has a 50-day moving average of $416.99 and a 200-day moving average of $450.59. The company has a market capitalization of $202.72 billion, a P/E ratio of 29.08, a PEG ratio of 3.08 and a beta of 0.85. Linde PLC has a 1-year low of $387.78 and a 1-year high of $486.38. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.69 and a current ratio of 0.82.

Linde (NASDAQ:LIN) last issued its quarterly earnings results on Friday, October 31st. The basic materials company reported $4.21 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 analysts’ expectations of $8.62 billion. Linde had a net margin of 21.17% and a return on equity of 19.38%. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the company 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 expect that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd were given a $1.50 dividend. The ex-dividend date was Wednesday, December 3rd. This represents a $6.00 annualized dividend and a dividend yield of 1.4%. Linde’s dividend payout ratio (DPR) is presently 40.19%.

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.