TD Private Client Wealth LLC Has $4.31 Million Stock Position in Linde PLC $LIN

TD Private Client Wealth LLC cut its stake in Linde PLC (NASDAQ:LIN) by 37.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,080 shares of the basic materials company’s stock after selling 5,397 shares during the period. TD Private Client Wealth LLC’s holdings in Linde were worth $4,313,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC grew its holdings in Linde by 1.3% in the second quarter. Bartlett & CO. Wealth Management LLC now owns 249,742 shares of the basic materials company’s stock worth $117,174,000 after purchasing an additional 3,230 shares during the period. Markel Group Inc. raised its holdings in shares of Linde by 3.1% during the second quarter. Markel Group Inc. now owns 186,600 shares of the basic materials company’s stock valued at $87,549,000 after purchasing an additional 5,600 shares during the period. Destiny Wealth Partners LLC bought a new position in shares of Linde during the 2nd quarter worth about $465,000. Cerity Partners LLC grew its stake in shares of Linde by 12.3% in the 3rd quarter. Cerity Partners LLC now owns 205,318 shares of the basic materials company’s stock valued at $97,526,000 after buying an additional 22,489 shares during the period. Finally, OMERS ADMINISTRATION Corp grew its stake in shares of Linde by 27.2% in the 2nd quarter. OMERS ADMINISTRATION Corp now owns 417,001 shares of the basic materials company’s stock valued at $195,649,000 after buying an additional 89,129 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Price Performance

LIN opened at $442.90 on Wednesday. Linde PLC has a 1 year low of $387.78 and a 1 year high of $486.38. 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 company has a market capitalization of $206.81 billion, a price-to-earnings ratio of 29.67, a P/E/G ratio of 3.10 and a beta of 0.85. The firm’s fifty day moving average price is $418.82 and its two-hundred day moving average price is $449.96.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Friday, October 31st. The basic materials company reported $4.21 earnings per share 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 company had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.62 billion. During the same period last year, the firm earned $3.94 earnings per share. The firm’s 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. As a group, analysts anticipate that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on LIN shares. Sanford C. Bernstein reiterated an “outperform” rating and issued a $516.00 price target on shares of Linde in a report on Monday, November 3rd. Mizuho set a $495.00 target price on Linde in a research report on Thursday, December 11th. Royal Bank Of Canada cut their target price on Linde from $540.00 to $490.00 and set an “outperform” rating on the stock in a report on Friday, December 12th. Seaport Res Ptn upgraded shares of Linde from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Finally, BMO Capital Markets set a $501.00 price objective on shares of Linde in a report on Wednesday, December 17th. Two investment 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 data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $499.25.

Linde 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.