Linde PLC $LIN Shares Sold by Csenge Advisory Group

Csenge Advisory Group decreased its holdings in Linde PLC (NASDAQ:LIN) by 3.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,551 shares of the basic materials company’s stock after selling 133 shares during the quarter. Csenge Advisory Group’s holdings in Linde were worth $1,660,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Bartlett & CO. Wealth Management LLC grew its position in Linde by 1.3% during the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 249,742 shares of the basic materials company’s stock worth $117,174,000 after purchasing an additional 3,230 shares in the last quarter. Markel Group Inc. grew its holdings in shares of Linde by 3.1% during the second quarter. Markel Group Inc. now owns 186,600 shares of the basic materials company’s stock valued at $87,549,000 after buying an additional 5,600 shares in the last quarter. Freedom Day Solutions LLC grew its holdings in shares of Linde by 9.6% during the first quarter. Freedom Day Solutions LLC now owns 6,102 shares of the basic materials company’s stock valued at $2,841,000 after buying an additional 535 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its holdings in shares of Linde by 25.9% during the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 23,558 shares of the basic materials company’s stock valued at $10,970,000 after buying an additional 4,839 shares in the last quarter. Finally, Ethos Financial Group LLC purchased a new position in shares of Linde during the first quarter valued at $345,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on LIN. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Linde in a research note on Wednesday, October 8th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $516.00 target price on shares of Linde in a research note on Monday. Citigroup lowered their price objective on shares of Linde from $535.00 to $520.00 and set a “buy” rating on the stock in a research report on Monday. UBS Group lowered their price objective on shares of Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Linde from $475.00 to $455.00 and set an “overweight” rating on the stock in a report on Monday. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Linde has an average rating of “Buy” and an average price target of $514.83.

Linde Trading Up 0.1%

Shares of NASDAQ LIN opened at $418.23 on Thursday. The stock has a market cap of $195.29 billion, a price-to-earnings ratio of 29.75, a PEG ratio of 2.85 and a beta of 0.91. The business has a 50 day simple moving average of $461.52 and a 200 day simple moving average of $463.76. Linde PLC has a 52 week low of $408.65 and a 52 week high of $486.38. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.78 and a current ratio of 0.93.

Linde (NASDAQ:LIN) last posted its 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 company had revenue of $8.62 billion during the quarter, compared to the consensus estimate of $8.62 billion. Linde had a net margin of 20.20% and a return on equity of 19.09%. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period 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. Q4 2025 guidance at 4.100-4.200 EPS. On average, research 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 will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd will be issued a $1.50 dividend. The ex-dividend date is Wednesday, December 3rd. This represents a $6.00 dividend on an annualized basis and a yield of 1.4%. Linde’s dividend payout ratio is currently 40.19%.

About Linde

Linde plc operates as an industrial gas company in the Americas, Europe, the Middle East, Africa, Asia, and South Pacific. It offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.