Nippon Life Global Investors Americas Inc. Lowers Stock Position in Linde PLC $LIN

Nippon Life Global Investors Americas Inc. decreased its stake in Linde PLC (NASDAQ:LIN) by 4.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 27,790 shares of the basic materials company’s stock after selling 1,340 shares during the quarter. Nippon Life Global Investors Americas Inc.’s holdings in Linde were worth $13,200,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Brighton Jones LLC bought a new stake in Linde during the fourth quarter worth about $2,752,000. Revolve Wealth Partners LLC increased its position in shares of 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 purchasing an additional 96 shares during the last quarter. Sivia Capital Partners LLC grew its position in Linde by 19.8% during the second quarter. Sivia Capital Partners LLC now owns 1,569 shares of the basic materials company’s stock valued at $736,000 after acquiring an additional 259 shares during the last quarter. Fulton Bank N.A. raised its stake in shares of Linde by 14.1% during the second quarter. Fulton Bank N.A. now owns 1,883 shares of the basic materials company’s stock worth $883,000 after acquiring an additional 232 shares in the last quarter. Finally, Oliver Lagore Vanvalin Investment Group bought a new stake in shares of Linde in the 2nd quarter worth approximately $131,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on LIN. Citigroup cut 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. CICC Research started coverage on Linde in a report on Wednesday, December 3rd. They set an “outperform” rating and a $510.00 target price for the company. UBS Group reaffirmed a “buy” rating on shares of Linde in a research note on Friday, December 12th. Weiss Ratings restated a “hold (c+)” rating on shares of Linde in a report on Monday, December 29th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Linde from $475.00 to $455.00 and set an “overweight” rating for the company in a report on Monday, November 3rd. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Linde currently has an average rating of “Buy” and an average target price of $499.25.

Linde Stock Down 0.2%

LIN stock opened at $438.96 on Friday. Linde PLC has a fifty-two week low of $387.78 and a fifty-two week high of $486.38. The company has a market capitalization of $204.97 billion, a price-to-earnings ratio of 29.40, a price-to-earnings-growth ratio of 3.07 and a beta of 0.85. The business’s 50 day moving average price is $420.12 and its two-hundred day moving average price is $449.42. 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 (NASDAQ:LIN) last issued its quarterly earnings results on Friday, October 31st. The basic materials company reported $4.21 earnings per share for the quarter, topping the consensus estimate of $4.18 by $0.03. The company had revenue of $8.62 billion for the quarter, compared to analysts’ expectations of $8.62 billion. Linde had a return on equity of 19.38% and a net margin of 21.17%.The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $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, analysts forecast that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Announces Dividend

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

Linde Company 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.