Lbp Am Sa Sells 84,770 Shares of Linde PLC $LIN

Lbp Am Sa reduced its position in Linde PLC (NASDAQ:LIN) by 23.3% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 279,192 shares of the basic materials company’s stock after selling 84,770 shares during the period. Linde accounts for approximately 1.6% of Lbp Am Sa’s portfolio, making the stock its 11th largest holding. Lbp Am Sa owned approximately 0.06% of Linde worth $132,616,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Linde by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 44,638,847 shares of the basic materials company’s stock worth $20,943,654,000 after purchasing an additional 292,492 shares in the last quarter. Norges Bank bought a new stake in Linde during the second quarter worth about $3,098,772,000. Invesco Ltd. grew its holdings in shares of Linde by 4.8% during the 2nd quarter. Invesco Ltd. now owns 4,044,833 shares of the basic materials company’s stock valued at $1,897,755,000 after purchasing an additional 185,294 shares during the last quarter. Franklin Resources Inc. raised its position in Linde by 0.7% in the 2nd quarter. Franklin Resources Inc. now owns 3,718,376 shares of the basic materials company’s stock worth $1,744,588,000 after purchasing an additional 24,046 shares during the period. Finally, Ameriprise Financial Inc. increased its position in Linde by 1.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,605,118 shares of the basic materials company’s stock valued at $1,690,961,000 after purchasing an additional 40,216 shares during the period. Institutional investors own 82.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on LIN. CICC Research assumed coverage on Linde in a research report on Wednesday, December 3rd. They issued an “outperform” rating and a $510.00 target price for the company. Citigroup increased their target price on Linde from $520.00 to $540.00 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. Sanford C. Bernstein reissued an “outperform” rating and set a $516.00 price target on shares of Linde in a research report on Monday, November 3rd. Mizuho set a $495.00 target price on Linde in a research report on Thursday, December 11th. Finally, JPMorgan Chase & Co. dropped 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, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Linde currently has a consensus rating of “Buy” and an average target price of $501.75.

Linde Stock Up 1.3%

Shares of LIN stock opened at $451.57 on Monday. The company has a 50 day simple moving average of $421.73 and a two-hundred day simple moving average of $448.14. The stock has a market cap of $210.86 billion, a P/E ratio of 30.25, a P/E/G ratio of 3.17 and a beta of 0.85. Linde PLC has a 12 month low of $387.78 and a 12 month high of $486.38. The company has a current ratio of 0.82, a quick ratio of 0.69 and a debt-to-equity ratio of 0.46.

Linde (NASDAQ:LIN) last posted its quarterly earnings data 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. Linde had a return on equity of 19.38% and a net margin of 21.17%.The firm had revenue of $8.62 billion during the quarter, compared to analyst estimates of $8.62 billion. During the same period in the prior year, the business posted $3.94 EPS. Linde’s revenue was up 2.9% on a year-over-year basis. Linde has set its FY 2025 guidance at 16.350-16.450 EPS and its Q4 2025 guidance at 4.100-4.200 EPS. On average, research analysts expect that Linde PLC will post 16.54 earnings per share for the current year.

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.