Mutual of America Capital Management LLC Sells 3,157 Shares of Linde PLC $LIN

Mutual of America Capital Management LLC decreased its holdings in Linde PLC (NASDAQ:LIN) by 5.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 50,820 shares of the basic materials company’s stock after selling 3,157 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Linde were worth $24,140,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Darwin Wealth Management LLC bought a new stake in shares of Linde during the 2nd quarter valued at $25,000. Marquette Asset Management LLC bought a new stake in Linde during the third quarter valued at about $27,000. YANKCOM Partnership grew its holdings in Linde by 195.2% during 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 during the period. Albion Financial Group UT grew its stake in shares of Linde by 87.8% during the 3rd quarter. Albion Financial Group UT now owns 77 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 36 shares during the period. Finally, Howard Hughes Medical Institute bought a new position in shares of Linde in the second quarter worth approximately $48,000. 82.80% of the stock is owned by hedge funds and other institutional investors.

Linde Price Performance

NASDAQ:LIN opened at $451.57 on Monday. 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 50 day simple moving average of $421.73 and a 200-day simple moving average of $448.14. Linde PLC has a 1 year low of $387.78 and a 1 year high of $486.38. The firm has a market capitalization of $210.86 billion, a price-to-earnings ratio of 30.25, a PEG ratio of 3.17 and a beta of 0.85.

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, beating the consensus estimate of $4.18 by $0.03. Linde had a net margin of 21.17% and a return on equity of 19.38%. The firm had revenue of $8.62 billion during the quarter, compared to the consensus estimate of $8.62 billion. During the same quarter in the previous year, the firm posted $3.94 earnings per share. The company’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. Equities analysts forecast that Linde PLC will post 16.54 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently commented on LIN. Royal Bank Of Canada lowered their target price on shares of Linde from $540.00 to $490.00 and set an “outperform” rating on the stock in a report on Friday, December 12th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Linde in a research note on Monday, December 29th. Mizuho set a $495.00 price objective on shares of Linde in a report on Thursday, December 11th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $516.00 target price on shares of Linde in a report on Monday, November 3rd. Finally, JPMorgan Chase & Co. decreased their target price on Linde from $475.00 to $455.00 and set an “overweight” rating on the stock in a research report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $501.75.

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.