SVB Wealth LLC Has $1.41 Million Holdings in Linde PLC $LIN

SVB Wealth LLC trimmed its position in shares of Linde PLC (NASDAQ:LIN) by 48.0% in the second quarter, Holdings Channel reports. The fund owned 3,005 shares of the basic materials company’s stock after selling 2,778 shares during the quarter. SVB Wealth LLC’s holdings in Linde were worth $1,410,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. eCIO Inc. acquired a new position in shares of Linde during the 1st quarter worth about $45,000. Howard Hughes Medical Institute bought a new stake in Linde in the 2nd quarter valued at $48,000. Clal Insurance Enterprises Holdings Ltd boosted 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 valued at $51,000 after purchasing an additional 89 shares during the period. Nova Wealth Management Inc. bought a new position in shares of Linde during the 1st quarter worth about $52,000. Finally, Activest Wealth Management raised its position in shares of 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 buying an additional 116 shares during the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Seaport Res Ptn raised Linde from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. CICC Research initiated coverage on shares of Linde in a report on Wednesday, December 3rd. They issued an “outperform” rating and a $510.00 price target on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Linde in a research report on Monday, December 1st. Sanford C. Bernstein restated an “outperform” rating and set a $516.00 price target on shares of Linde in a research note on Monday, November 3rd. Finally, UBS Group dropped their price objective on Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Linde presently has an average rating of “Buy” and a consensus target price of $509.00.

Linde Trading Down 2.6%

Shares of NASDAQ LIN opened at $389.38 on Tuesday. Linde PLC has a 1-year low of $387.78 and a 1-year 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. The company has a 50-day moving average of $432.28 and a two-hundred day moving average of $457.44. The company has a market cap of $181.82 billion, a PE ratio of 26.08, a P/E/G ratio of 3.07 and a beta of 0.85.

Linde (NASDAQ:LIN) last released its earnings results on Friday, October 31st. The basic materials company reported $4.21 EPS for the quarter, beating the consensus estimate of $4.18 by $0.03. The company had revenue of $8.62 billion during the quarter, compared to analysts’ expectations of $8.62 billion. Linde had a return on equity of 19.38% and a net margin of 21.17%.The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period last year, the firm earned $3.94 EPS. Linde has set its FY 2025 guidance at 16.350-16.450 EPS and its Q4 2025 guidance at 4.100-4.200 EPS. As a group, equities analysts expect that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Wednesday, December 3rd. Linde’s payout ratio is presently 40.19%.

Linde 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.