SG Americas Securities LLC Raises Stock Position in Linde PLC $LIN

SG Americas Securities LLC boosted its position in Linde PLC (NASDAQ:LIN) by 25.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,975 shares of the basic materials company’s stock after purchasing an additional 4,669 shares during the quarter. SG Americas Securities LLC’s holdings in Linde were worth $10,913,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Breakwater Capital Group increased its holdings in shares of Linde by 2.3% in the second quarter. Breakwater Capital Group now owns 980 shares of the basic materials company’s stock worth $460,000 after purchasing an additional 22 shares during the period. Canopy Partners LLC boosted its stake in Linde by 2.9% during the second quarter. Canopy Partners LLC now owns 788 shares of the basic materials company’s stock valued at $370,000 after buying an additional 22 shares during the period. Mitchell Sinkler & Starr PA grew its position in Linde by 1.9% during the second quarter. Mitchell Sinkler & Starr PA now owns 1,192 shares of the basic materials company’s stock worth $559,000 after buying an additional 22 shares in the last quarter. Clarendon Private LLC increased its stake in Linde by 1.0% in the 2nd quarter. Clarendon Private LLC now owns 2,273 shares of the basic materials company’s stock worth $1,066,000 after acquiring an additional 22 shares during the last quarter. Finally, Sound Financial Strategies Group LLC increased its stake in Linde by 1.4% in the 2nd quarter. Sound Financial Strategies Group LLC now owns 1,635 shares of the basic materials company’s stock worth $767,000 after acquiring an additional 22 shares during the last quarter. 82.80% of the stock is owned by institutional investors.

Linde Stock Up 1.0%

Shares of NASDAQ LIN opened at $444.08 on Friday. The stock has a market capitalization of $207.36 billion, a P/E ratio of 29.74, a PEG ratio of 3.10 and a beta of 0.85. Linde PLC has a one year low of $387.78 and a one year high of $486.38. The firm’s 50 day simple moving average is $417.69 and its two-hundred day simple moving average is $450.41. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.82 and a quick ratio of 0.69.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Friday, October 31st. The basic materials company reported $4.21 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $8.62 billion. During the same period in the previous year, the business posted $3.94 EPS. The business’s quarterly 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. As a group, analysts expect that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. CICC Research initiated coverage on Linde in a research report on Wednesday, December 3rd. They set an “outperform” rating and a $510.00 price target for the company. Citigroup lowered their target price on shares of Linde from $535.00 to $520.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. BMO Capital Markets set a $501.00 target price on shares of Linde in a research report on Wednesday, December 17th. JPMorgan Chase & Co. cut their price target on shares of Linde from $475.00 to $455.00 and set an “overweight” rating for the company in a research note on Monday, November 3rd. Finally, Royal Bank Of Canada decreased 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. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Linde currently has an average rating of “Buy” and an average price target of $501.00.

About Linde

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.