New York State Teachers Retirement System Sells 7,157 Shares of Linde PLC $LIN

by · The Cerbat Gem

New York State Teachers Retirement System lowered its stake in Linde PLC (NASDAQ:LIN – Free Report) by 1.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 377,319 shares of the basic materials company’s stock after selling 7,157 shares during the period. New York State Teachers Retirement System owned 0.08% of Linde worth $179,227,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of LIN. Brighton Jones LLC acquired a new stake in shares of Linde in the 4th quarter valued at $2,752,000. Revolve Wealth Partners LLC increased its position in Linde by 14.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company’s stock worth $325,000 after purchasing an additional 96 shares during the period. Integrity Alliance LLC. bought a new stake in Linde during the 1st quarter worth about $385,000. Geneos Wealth Management Inc. raised its holdings in Linde by 18.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,626 shares of the basic materials company’s stock worth $1,223,000 after purchasing an additional 411 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its position in Linde by 21.9% during the 1st quarter. Jones Financial Companies Lllp now owns 113,937 shares of the basic materials company’s stock valued at $52,500,000 after purchasing an additional 20,496 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on LIN shares. 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 research report on Monday, November 3rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Linde in a research note on Monday, December 29th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $516.00 price objective on shares of Linde in a research note on Monday, November 3rd. Seaport Res Ptn upgraded Linde from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Finally, UBS Group restated a “buy” rating on shares of Linde in a report on Friday, December 12th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given 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 price target of $501.00.

Get Our Latest Report on Linde

Linde Stock Up 1.0%

NASDAQ:LIN opened at $444.08 on Friday. The stock has a market cap of $207.36 billion, a price-to-earnings ratio of 29.74, a PEG ratio of 3.13 and a beta of 0.85. 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 stock has a 50-day moving average price of $417.69 and a two-hundred day moving average price of $450.32. Linde PLC has a 1 year low of $387.78 and a 1 year high of $486.38.

Linde (NASDAQ:LIN – Get Free Report) last issued its quarterly earnings data on Friday, October 31st. The basic materials company reported $4.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.18 by $0.03. Linde had a return on equity of 19.38% and a net margin of 21.17%.The business had revenue of $8.62 billion during the quarter, compared to analyst estimates of $8.62 billion. During the same period in the previous year, the firm earned $3.94 EPS. Linde’s quarterly revenue was up 2.9% compared to the same quarter last year. 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, equities analysts expect that Linde PLC will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

The business 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 1.4%. The ex-dividend date was Wednesday, December 3rd. Linde’s dividend payout ratio (DPR) is presently 40.19%.

Linde Company Profile

(Free Report)

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.

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