Moors & Cabot Inc. Buys 875 Shares of Linde PLC $LIN

Moors & Cabot Inc. increased its stake in Linde PLC (NASDAQ:LIN) by 39.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,114 shares of the basic materials company’s stock after purchasing an additional 875 shares during the quarter. Moors & Cabot Inc.’s holdings in Linde were worth $1,461,000 at the end of the most recent quarter.

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

Linde Stock Performance

Shares of NASDAQ LIN opened at $415.32 on Friday. The stock’s 50-day moving average is $460.18 and its 200 day moving average is $463.42. The stock has a market cap of $193.93 billion, a price-to-earnings ratio of 29.54, a P/E/G ratio of 2.85 and a beta of 0.91. Linde PLC has a 1-year low of $408.65 and a 1-year high of $486.38. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 0.49.

Linde (NASDAQ:LIN) last posted its quarterly earnings results on Friday, October 31st. The basic materials company reported $4.21 earnings per share for the quarter, topping the consensus estimate of $4.18 by $0.03. The business 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 firm’s revenue for the quarter was up 2.9% on a year-over-year basis. 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, sell-side analysts anticipate that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Announces Dividend

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 dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Wednesday, December 3rd. Linde’s dividend payout ratio is currently 40.19%.

Analyst Ratings Changes

Several equities research analysts have issued reports on LIN shares. Citigroup dropped their target price on Linde from $535.00 to $520.00 and set a “buy” rating on the stock in a research report on Monday. JPMorgan Chase & Co. dropped their price objective on Linde from $475.00 to $455.00 and set an “overweight” rating on the stock in a report on Monday. UBS Group cut their target price on Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Linde in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada lowered their price target on shares of Linde from $576.00 to $540.00 and set an “outperform” rating on the stock in a report on Thursday. Two equities 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 company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $508.83.

Linde Company Profile

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.