Claro Advisors LLC Trims Stake in Linde PLC $LIN

Claro Advisors LLC reduced its stake in Linde PLC (NASDAQ:LIN) by 66.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 789 shares of the basic materials company’s stock after selling 1,548 shares during the quarter. Claro Advisors LLC’s holdings in Linde were worth $370,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. eCIO Inc. bought a new position in shares of Linde in the first quarter worth about $45,000. Clal Insurance Enterprises Holdings Ltd increased its holdings in Linde by 445.0% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company’s stock worth $51,000 after acquiring an additional 89 shares in the last quarter. Nova Wealth Management Inc. bought a new stake in Linde during the 1st quarter worth approximately $52,000. Costello Asset Management INC purchased a new position in Linde during the first quarter valued at approximately $54,000. Finally, Activest Wealth Management lifted its holdings in Linde by 5,800.0% during the first quarter. Activest Wealth Management now owns 118 shares of the basic materials company’s stock valued at $55,000 after purchasing an additional 116 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on LIN shares. Sanford C. Bernstein reissued an “outperform” rating and issued a $516.00 price objective on shares of Linde in a research note on Monday. JPMorgan Chase & Co. cut their price target on Linde from $475.00 to $455.00 and set an “overweight” rating for the company in a research note on Monday. Seaport Res Ptn raised Linde from a “hold” rating to a “strong-buy” rating in a report on Monday. Weiss Ratings restated a “buy (b)” rating on shares of Linde in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada cut their target price on Linde from $576.00 to $540.00 and set an “outperform” rating for the company in a research report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Linde has a consensus rating of “Buy” and an average price target of $508.83.

Linde Trading Down 0.7%

Shares of Linde stock opened at $415.32 on Friday. Linde PLC has a twelve month low of $408.65 and a twelve month high of $486.38. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 0.49. The business has a 50-day moving average price of $460.18 and a 200-day moving average price of $463.42. The firm has a market cap of $193.93 billion, a price-to-earnings ratio of 29.54, a PEG ratio of 2.85 and a beta of 0.91.

Linde (NASDAQ:LIN) last announced its quarterly earnings results on Friday, October 31st. The basic materials company reported $4.21 EPS for the quarter, beating analysts’ consensus estimates of $4.18 by $0.03. The company had revenue of $8.62 billion during the quarter, compared to analyst estimates of $8.62 billion. Linde had a return on equity of 19.09% and a net margin of 20.20%.The firm’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the company earned $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. Equities research analysts anticipate that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Dividend Announcement

The firm also recently announced 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 of this dividend is 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 (DPR) is 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.