Linde PLC $LIN Shares Sold by Symphony Financial Ltd. Co.

by · The Markets Daily

Symphony Financial Ltd. Co. cut its holdings in Linde PLC (NASDAQ:LIN – Free Report) by 76.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 652 shares of the basic materials company’s stock after selling 2,158 shares during the period. Symphony Financial Ltd. Co.’s holdings in Linde were worth $310,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Bartlett & CO. Wealth Management LLC raised its position in shares of Linde by 1.3% in the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 249,742 shares of the basic materials company’s stock worth $117,174,000 after buying an additional 3,230 shares during the period. Markel Group Inc. grew its position in 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 acquiring an additional 5,600 shares during the period. Cerity Partners LLC increased its stake in Linde by 12.3% during the third quarter. Cerity Partners LLC now owns 205,318 shares of the basic materials company’s stock worth $97,526,000 after acquiring an additional 22,489 shares during the last quarter. OMERS ADMINISTRATION Corp raised its holdings 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 worth $195,649,000 after purchasing an additional 89,129 shares during the period. Finally, S.E.E.D. Planning Group LLC lifted its stake in shares of Linde by 76.1% in the 3rd quarter. S.E.E.D. Planning Group LLC now owns 25,107 shares of the basic materials company’s stock valued at $11,926,000 after purchasing an additional 10,848 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Price Performance

LIN opened at $451.57 on Friday. Linde PLC has a twelve month low of $387.78 and a twelve month high of $486.38. The firm has a market cap of $210.86 billion, a price-to-earnings ratio of 30.25, a PEG ratio of 3.17 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 company has a fifty day simple moving average of $421.73 and a 200 day simple moving average of $448.30.

Linde (NASDAQ:LIN – Get Free Report) last issued its quarterly earnings data on Friday, October 31st. The basic materials company reported $4.21 EPS for the quarter, topping analysts’ consensus estimates of $4.18 by $0.03. The firm 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%. The firm’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous 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 research analysts expect that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd were issued a dividend of $1.50 per share. The ex-dividend date was Wednesday, December 3rd. This represents a $6.00 annualized dividend and a yield of 1.3%. Linde’s payout ratio is currently 40.19%.

Analyst Upgrades and Downgrades

LIN has been the subject of a number of research analyst reports. Sanford C. Bernstein reissued an “outperform” rating and set a $516.00 target price on shares of Linde in a research report on Monday, November 3rd. Royal Bank Of Canada decreased their price objective 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. Citigroup lifted their target price on shares of Linde from $520.00 to $540.00 and gave the company a “buy” rating in a report on Wednesday. CICC Research started coverage on shares of Linde in a research report on Wednesday, December 3rd. They set an “outperform” rating and a $510.00 price target for the company. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Linde in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $501.75.

View Our Latest Analysis on Linde

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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