Paradiem LLC Takes $936,000 Position in Linde PLC $LIN

Paradiem LLC bought a new position in Linde PLC (NASDAQ:LIN) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 1,971 shares of the basic materials company’s stock, valued at approximately $936,000.

Several other hedge funds have also added to or reduced their stakes in LIN. Vanguard Group Inc. grew its stake in shares of Linde by 0.7% during the second quarter. Vanguard Group Inc. now owns 44,638,847 shares of the basic materials company’s stock valued at $20,943,654,000 after buying an additional 292,492 shares during the last quarter. Norges Bank bought a new stake in shares of Linde in the 2nd quarter valued at about $3,098,772,000. Invesco Ltd. boosted its holdings in 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 acquiring an additional 185,294 shares during the period. Franklin Resources Inc. boosted its holdings in Linde by 0.7% during the 2nd quarter. Franklin Resources Inc. now owns 3,718,376 shares of the basic materials company’s stock valued at $1,744,588,000 after acquiring an additional 24,046 shares during the period. Finally, Ameriprise Financial Inc. grew 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 worth $1,690,961,000 after acquiring an additional 40,216 shares during the last quarter. 82.80% of the stock is owned by institutional investors.

Linde Price Performance

Shares of Linde stock opened at $424.77 on Friday. The business has a 50 day moving average of $419.51 and a 200 day moving average of $452.44. Linde PLC has a 52 week low of $387.78 and a 52 week high of $486.38. The company has a market cap of $198.35 billion, a PE ratio of 28.45, a P/E/G ratio of 3.26 and a beta of 0.85. The company has a quick ratio of 0.69, a current ratio of 0.82 and a debt-to-equity ratio of 0.46.

Linde (NASDAQ:LIN) last released 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. The business had revenue of $8.62 billion for the quarter, compared to analysts’ expectations of $8.62 billion. Linde had a net margin of 21.17% and a return on equity of 19.38%. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the previous 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. As a group, equities research analysts forecast that Linde PLC will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd were given a dividend of $1.50 per share. The ex-dividend date was Wednesday, December 3rd. This represents a $6.00 annualized dividend and a dividend yield of 1.4%. Linde’s payout ratio is currently 40.19%.

Wall Street Analysts Forecast Growth

LIN has been the subject of several recent research reports. UBS Group reiterated a “buy” rating on shares of Linde in a research report on Friday, December 12th. JPMorgan Chase & Co. decreased their target price on shares of Linde from $475.00 to $455.00 and set an “overweight” rating on the stock in a research note on Monday, November 3rd. BMO Capital Markets set a $501.00 price target on shares of Linde in a report on Wednesday, December 17th. Royal Bank Of Canada cut their price target 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. Finally, Citigroup decreased their price objective on shares of Linde from $535.00 to $520.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Two 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 company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $501.00.

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.