New York State Teachers Retirement System Has $179.23 Million Position in Linde PLC $LIN

New York State Teachers Retirement System cut its position in shares of Linde PLC (NASDAQ:LIN) by 1.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 377,319 shares of the basic materials company’s stock after selling 7,157 shares during the quarter. New York State Teachers Retirement System’s holdings in Linde were worth $179,227,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Darwin Wealth Management LLC acquired a new stake in shares of Linde in the second quarter valued at approximately $25,000. YANKCOM Partnership grew its position in Linde by 195.2% in the third quarter. YANKCOM Partnership now owns 62 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 41 shares in the last quarter. Albion Financial Group UT increased its stake in Linde by 87.8% in the 3rd quarter. Albion Financial Group UT now owns 77 shares of the basic materials company’s stock valued at $37,000 after buying an additional 36 shares during the last quarter. eCIO Inc. bought a new stake in Linde during the 1st quarter worth about $45,000. Finally, Howard Hughes Medical Institute acquired a new position in shares of Linde during the 2nd quarter worth about $48,000. Institutional investors own 82.80% of the company’s stock.

Linde Trading Up 1.0%

Shares of Linde stock opened at $444.08 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.82 and a quick ratio of 0.69. The business has a fifty day simple moving average of $417.69 and a two-hundred day simple moving average of $450.32. Linde PLC has a 1 year low of $387.78 and a 1 year high of $486.38. The company has a market capitalization of $207.36 billion, a price-to-earnings ratio of 29.74, a P/E/G ratio of 3.13 and a beta of 0.85.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Friday, October 31st. The basic materials company reported $4.21 earnings per share for the quarter, beating the consensus estimate of $4.18 by $0.03. The company had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.62 billion. Linde had a net margin of 21.17% and a return on equity of 19.38%. The company’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $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. Research analysts forecast that Linde PLC will post 16.54 EPS for the current year.

Linde Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Seaport Res Ptn upgraded Linde from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Citigroup lowered their price target on Linde from $535.00 to $520.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. JPMorgan Chase & Co. cut their price objective on Linde from $475.00 to $455.00 and set an “overweight” rating for the company in a report on Monday, November 3rd. Sanford C. Bernstein reissued an “outperform” rating and issued a $516.00 target price on shares of Linde in a research note on Monday, November 3rd. Finally, BMO Capital Markets set a $501.00 price target on shares of Linde in a research report on Wednesday, December 17th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $501.00.

Linde 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.