Linde PLC $LIN Position Reduced by Park National Corp OH

Park National Corp OH lessened its position in Linde PLC (NASDAQ:LIN) by 15.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 24,715 shares of the basic materials company’s stock after selling 4,465 shares during the quarter. Park National Corp OH’s holdings in Linde were worth $11,740,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LIN. Darwin Wealth Management LLC acquired a new stake in shares of Linde in the second quarter worth $25,000. eCIO Inc. purchased a new stake in Linde in the 1st quarter worth about $45,000. Howard Hughes Medical Institute acquired a new stake in Linde during the 2nd quarter worth about $48,000. Nova Wealth Management Inc. purchased a new position in Linde during the 1st quarter valued at about $52,000. Finally, Activest Wealth Management grew its stake in Linde by 5,800.0% during the 1st quarter. Activest Wealth Management now owns 118 shares of the basic materials company’s stock valued at $55,000 after acquiring an additional 116 shares in the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Linde Stock Up 0.2%

LIN stock opened at $416.99 on Tuesday. The firm has a market cap of $194.71 billion, a PE ratio of 27.93, a PEG ratio of 3.19 and a beta of 0.85. Linde PLC has a 1 year low of $387.78 and a 1 year high of $486.38. The company has a fifty day simple moving average of $425.74 and a 200 day simple moving average of $455.38. 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 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 return on equity of 19.38% and a net margin of 21.17%.The company had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.62 billion. During the same period last year, the company earned $3.94 earnings per share. The business’s revenue was up 2.9% compared to the same quarter last year. Linde has set its FY 2025 guidance at 16.350-16.450 EPS and its Q4 2025 guidance at 4.100-4.200 EPS. Sell-side analysts anticipate that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be paid a $1.50 dividend. 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 payout ratio is presently 40.19%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Mizuho set a $495.00 price target on shares of Linde in a report on Thursday. Citigroup decreased their target price on shares of Linde from $535.00 to $520.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Linde in a research note on Monday, December 8th. JPMorgan Chase & Co. reduced their price objective on Linde from $475.00 to $455.00 and set an “overweight” rating for the company in a research report on Monday, November 3rd. Finally, UBS Group reaffirmed a “buy” rating on shares of Linde in a research report on Friday. Two analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. According to data from MarketBeat, Linde currently has an average rating of “Buy” and a consensus target price of $501.00.

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.