Sumitomo Mitsui DS Asset Management Company Ltd Buys 2,100 Shares of Linde PLC $LIN

Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Linde PLC (NASDAQ:LIN) by 3.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,428 shares of the basic materials company’s stock after acquiring an additional 2,100 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Linde were worth $30,603,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on LIN shares. Sanford C. Bernstein reissued an “outperform” rating and set a $516.00 price target on shares of Linde in a report on Monday, November 3rd. CICC Research began coverage on Linde in a research report on Wednesday, December 3rd. They issued an “outperform” rating and a $510.00 target price on the stock. Citigroup reduced their price target on shares of Linde from $535.00 to $520.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. UBS Group restated a “buy” rating on shares of Linde in a research report on Friday, December 12th. Finally, Seaport Res Ptn upgraded shares of Linde from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $501.00.

Linde Stock Up 1.0%

LIN opened at $444.08 on Friday. The stock has a market cap of $207.36 billion, a price-to-earnings ratio of 29.74, a price-to-earnings-growth ratio of 3.10 and a beta of 0.85. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.69 and a current ratio of 0.82. The firm’s fifty day moving average is $417.69 and its 200 day moving average is $450.41. Linde PLC has a fifty-two week low of $387.78 and a fifty-two week high of $486.38.

Linde (NASDAQ:LIN) last posted its quarterly earnings results on Friday, October 31st. The basic materials company reported $4.21 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $8.62 billion. During the same period in the previous year, the firm earned $3.94 EPS. The firm’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. On average, sell-side analysts forecast that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Announces Dividend

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

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.