Vanguard Personalized Indexing Management LLC Has $28.09 Million Position in Linde PLC $LIN

Vanguard Personalized Indexing Management LLC boosted its stake in shares of Linde PLC (NASDAQ:LIN) by 2.3% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 59,126 shares of the basic materials company’s stock after purchasing an additional 1,312 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Linde were worth $28,091,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Linde by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 44,638,847 shares of the basic materials company’s stock valued at $20,943,654,000 after buying an additional 292,492 shares during the period. Norges Bank acquired a new stake in Linde during the second quarter valued at $3,098,772,000. Invesco Ltd. grew its stake in Linde by 4.8% in the second quarter. Invesco Ltd. now owns 4,044,833 shares of the basic materials company’s stock valued at $1,897,755,000 after purchasing an additional 185,294 shares in the last quarter. Franklin Resources Inc. increased its position in Linde by 0.7% in the 2nd quarter. Franklin Resources Inc. now owns 3,718,376 shares of the basic materials company’s stock worth $1,744,588,000 after purchasing an additional 24,046 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of Linde by 1.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,605,118 shares of the basic materials company’s stock worth $1,690,961,000 after purchasing an additional 40,216 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on LIN. Sanford C. Bernstein reissued an “outperform” rating and issued a $516.00 price target on shares of Linde in a research note on Monday, November 3rd. Royal Bank Of Canada reduced their target price on shares of Linde from $540.00 to $490.00 and set an “outperform” rating for the company in a research note on Friday, December 12th. CICC Research began coverage on shares of Linde in a research note on Wednesday, December 3rd. They set an “outperform” rating and a $510.00 price target on the stock. UBS Group restated a “buy” rating on shares of Linde in a report on Friday, December 12th. Finally, BMO Capital Markets set a $501.00 price objective on shares of Linde in a report on Wednesday, December 17th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $501.75.

Linde Trading Up 1.3%

NASDAQ:LIN opened at $451.57 on Monday. The company’s 50 day moving average is $421.73 and its 200-day moving average is $448.14. The company has a quick ratio of 0.69, a current ratio of 0.82 and a debt-to-equity ratio of 0.46. Linde PLC has a 12 month low of $387.78 and a 12 month high of $486.38. The firm has a market cap of $210.86 billion, a price-to-earnings ratio of 30.25, a P/E/G ratio of 3.17 and a beta of 0.85.

Linde (NASDAQ:LIN) last posted its earnings results on Friday, October 31st. The basic materials company reported $4.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.18 by $0.03. The business had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.62 billion. Linde had a net margin of 21.17% and a return on equity of 19.38%. Linde’s revenue was up 2.9% compared to the same quarter last year. During the same period last year, the business posted $3.94 EPS. Linde has set its FY 2025 guidance at 16.350-16.450 EPS and its Q4 2025 guidance at 4.100-4.200 EPS. Equities analysts anticipate that Linde PLC will post 16.54 EPS for the current year.

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.