Jackson Thornton Wealth Management LLC Takes $575,000 Position in Linde PLC $LIN

Jackson Thornton Wealth Management LLC purchased a new stake in Linde PLC (NASDAQ:LIN) during the third quarter, HoldingsChannel.com reports. The firm purchased 1,229 shares of the basic materials company’s stock, valued at approximately $575,000.

A number of other institutional investors also recently bought and sold shares of the company. Canopy Partners LLC lifted its position in shares of Linde by 2.9% in the second quarter. Canopy Partners LLC now owns 788 shares of the basic materials company’s stock valued at $370,000 after acquiring an additional 22 shares in the last quarter. Mitchell Sinkler & Starr PA increased its holdings in Linde by 1.9% in the 2nd quarter. Mitchell Sinkler & Starr PA now owns 1,192 shares of the basic materials company’s stock valued at $559,000 after purchasing an additional 22 shares in the last quarter. Clarendon Private LLC lifted its position 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 worth $1,066,000 after purchasing an additional 22 shares in the last quarter. Sound Financial Strategies Group LLC raised its position in shares of 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 valued at $767,000 after purchasing an additional 22 shares in the last quarter. Finally, Shepherd Financial Partners LLC increased its position in shares of Linde by 4.5% in the 2nd quarter. Shepherd Financial Partners LLC now owns 508 shares of the basic materials company’s stock worth $238,000 after purchasing an additional 22 shares during the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Linde Trading Down 1.2%

NASDAQ LIN opened at $433.89 on Tuesday. Linde PLC has a 12 month low of $387.78 and a 12 month high of $486.38. The stock has a 50-day simple moving average of $420.49 and a 200 day simple moving average of $448.96. The company has a current ratio of 0.82, a quick ratio of 0.69 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $202.61 billion, a PE ratio of 29.03, a P/E/G ratio of 3.07 and a beta of 0.85.

Linde (NASDAQ:LIN) last released its quarterly earnings data on Friday, October 31st. The basic materials company reported $4.21 EPS for the quarter, beating 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 business had revenue of $8.62 billion during the quarter, compared to analysts’ expectations of $8.62 billion. During the same quarter in the prior year, the company earned $3.94 EPS. The firm’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. Research analysts forecast that Linde PLC will post 16.54 EPS for the current year.

Linde Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd were issued 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%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on LIN shares. Seaport Res Ptn upgraded shares of Linde from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Linde in a research note on Monday, December 29th. Sanford C. Bernstein reissued an “outperform” rating and set a $516.00 price objective on shares of Linde in a research report on Monday, November 3rd. Royal Bank Of Canada reduced their target price on Linde from $540.00 to $490.00 and set an “outperform” rating for the company in a report on Friday, December 12th. Finally, UBS Group reissued a “buy” rating on shares of Linde in a research report on Friday, December 12th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $499.25.

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.