Linde PLC (NASDAQ:LIN) Receives $499.25 Average PT from Brokerages

Linde PLC (NASDAQ:LIN) has received a consensus recommendation of “Buy” from the nine research firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $499.25.

A number of equities research analysts have commented on LIN shares. 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. Royal Bank Of Canada decreased their price objective on shares of Linde from $540.00 to $490.00 and set an “outperform” rating on the stock in a research report on Friday, December 12th. CICC Research initiated coverage on Linde in a report on Wednesday, December 3rd. They set an “outperform” rating and a $510.00 price target on the stock. Mizuho set a $495.00 price objective on Linde in a research report on Thursday, December 11th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Linde in a research report on Monday, December 29th.

Hedge Funds Weigh In On Linde

Several institutional investors have recently bought and sold shares of the stock. Brighton Jones LLC purchased a new position in shares of Linde during the fourth quarter valued at about $2,752,000. Revolve Wealth Partners LLC grew its holdings in Linde by 14.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company’s stock valued at $325,000 after buying an additional 96 shares in the last quarter. Modern Wealth Management LLC increased its stake in Linde by 92.0% in the 1st quarter. Modern Wealth Management LLC now owns 1,054 shares of the basic materials company’s stock worth $491,000 after acquiring an additional 505 shares during the last quarter. Parallel Advisors LLC increased its stake in Linde by 5.5% in the 2nd quarter. Parallel Advisors LLC now owns 6,774 shares of the basic materials company’s stock worth $3,178,000 after acquiring an additional 353 shares during the last quarter. Finally, Red Spruce Capital LLC raised its holdings in shares of Linde by 1.2% during the 2nd quarter. Red Spruce Capital LLC now owns 9,142 shares of the basic materials company’s stock worth $4,289,000 after acquiring an additional 104 shares in the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Linde Stock Performance

NASDAQ:LIN opened at $438.96 on Tuesday. The stock has a 50-day simple moving average of $420.12 and a two-hundred day simple moving average of $449.42. Linde has a 52-week low of $387.78 and a 52-week high of $486.38. 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 has a market capitalization of $204.97 billion, a PE ratio of 29.40, a P/E/G ratio of 3.07 and a beta of 0.85.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Friday, October 31st. The basic materials company reported $4.21 EPS for the quarter, topping 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 firm had revenue of $8.62 billion for the quarter, compared to the consensus estimate of $8.62 billion. During the same quarter last year, the company earned $3.94 earnings per share. The business’s revenue for the quarter 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. Analysts forecast that Linde will post 16.54 EPS for the current year.

Linde Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders 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 dividend payout ratio (DPR) is presently 40.19%.

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.