Werlinich Asset Management LLC Invests $636,000 in Linde PLC $LIN

Werlinich Asset Management LLC purchased a new position in Linde PLC (NASDAQ:LIN) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,340 shares of the basic materials company’s stock, valued at approximately $636,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of LIN. Norges Bank bought a new position in Linde in the 2nd quarter valued at about $3,098,772,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in Linde by 18.5% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,972,515 shares of the basic materials company’s stock valued at $1,394,198,000 after acquiring an additional 463,977 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Linde by 5.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,600,297 shares of the basic materials company’s stock valued at $4,470,284,000 after purchasing an additional 453,108 shares in the last quarter. Alyeska Investment Group L.P. acquired a new stake in shares of Linde in the 1st quarter valued at approximately $197,019,000. Finally, ABN AMRO Bank N.V. bought a new stake in shares of Linde during the 2nd quarter valued at approximately $187,359,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Price Performance

Shares of NASDAQ:LIN opened at $423.51 on Wednesday. The firm has a market cap of $197.76 billion, a PE ratio of 28.37, a price-to-earnings-growth ratio of 3.20 and a beta of 0.85. The firm’s fifty day moving average is $424.80 and its 200-day moving average is $455.09. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.69 and a current ratio of 0.82. Linde PLC has a 52 week low of $387.78 and a 52 week high of $486.38.

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

Linde Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Wednesday, December 3rd. Linde’s dividend payout ratio (DPR) is 40.19%.

Analyst Ratings Changes

A number of analysts have weighed in on LIN shares. Weiss Ratings restated a “buy (b-)” rating on shares of Linde in a research report on Monday. UBS Group reiterated a “buy” rating on shares of Linde in a report on Friday. Citigroup cut their price objective on Linde from $535.00 to $520.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Royal Bank Of Canada lowered their target price on Linde from $540.00 to $490.00 and set an “outperform” rating for the company in a report on Friday. Finally, CICC Research started 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. Two research analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. According to MarketBeat, the company has a consensus 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.