Teacher Retirement System of Texas Cuts Stock Holdings in Linde PLC $LIN

Teacher Retirement System of Texas lowered its position in Linde PLC (NASDAQ:LIN) by 35.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 157,546 shares of the basic materials company’s stock after selling 86,480 shares during the period. Teacher Retirement System of Texas’ holdings in Linde were worth $74,834,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Brighton Jones LLC bought a new stake in shares of Linde in the fourth quarter valued at approximately $2,752,000. Revolve Wealth Partners LLC raised 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 acquiring an additional 96 shares during the period. Sivia Capital Partners LLC raised its holdings in Linde by 19.8% during the 2nd 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 period. U.S. Capital Wealth Advisors LLC boosted its holdings in shares of Linde by 2.1% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 2,488 shares of the basic materials company’s stock worth $1,167,000 after acquiring an additional 50 shares during the period. Finally, Norden Group LLC boosted its holdings in shares of Linde by 100.0% in the second quarter. Norden Group LLC now owns 2,786 shares of the basic materials company’s stock worth $1,307,000 after acquiring an additional 1,393 shares during the period. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

LIN has been the subject of several analyst reports. CICC Research initiated coverage on Linde in a research note on Wednesday, December 3rd. They issued an “outperform” rating and a $510.00 target price for the company. Weiss Ratings restated a “hold (c+)” rating on shares of Linde in a research report on Monday, December 29th. JPMorgan Chase & Co. reduced their price objective 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. Citigroup increased their target price on shares of Linde from $520.00 to $540.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Mizuho set a $495.00 price target on shares of Linde in a research report on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $501.75.

Linde Trading Up 1.4%

Shares of LIN opened at $445.64 on Friday. Linde PLC has a 1-year low of $387.78 and a 1-year high of $486.38. The company has a market capitalization of $208.09 billion, a P/E ratio of 29.85, a P/E/G ratio of 3.08 and a beta of 0.85. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.82 and a quick ratio of 0.69. The firm’s 50 day simple moving average is $421.17 and its 200 day simple moving average is $448.58.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Friday, October 31st. The basic materials company reported $4.21 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $8.62 billion. During the same quarter last year, the company 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. Sell-side analysts forecast that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Wednesday, December 3rd. Linde’s dividend payout ratio (DPR) is currently 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.