Linde PLC $LIN Position Trimmed by State of Alaska Department of Revenue

by · The Cerbat Gem

State of Alaska Department of Revenue lowered its stake in Linde PLC (NASDAQ:LIN – Free Report) by 5.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,162 shares of the basic materials company’s stock after selling 2,661 shares during the quarter. State of Alaska Department of Revenue’s holdings in Linde were worth $23,826,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in LIN. Bartlett & CO. Wealth Management LLC raised its position in shares of Linde by 1.3% during 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 acquiring an additional 3,230 shares in the last quarter. Markel Group Inc. raised its holdings in Linde by 3.1% during the second quarter. Markel Group Inc. now owns 186,600 shares of the basic materials company’s stock worth $87,549,000 after purchasing an additional 5,600 shares in the last quarter. Destiny Wealth Partners LLC purchased a new stake in shares of Linde during the 2nd quarter worth approximately $465,000. Cerity Partners LLC grew its position 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 last quarter. Finally, OMERS ADMINISTRATION Corp raised its stake in Linde by 27.2% during the 2nd quarter. OMERS ADMINISTRATION Corp now owns 417,001 shares of the basic materials company’s stock worth $195,649,000 after acquiring an additional 89,129 shares in the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Linde Stock Performance

NASDAQ LIN opened at $439.69 on Friday. The stock has a market capitalization of $205.31 billion, a price-to-earnings ratio of 29.45, a PEG ratio of 3.06 and a beta of 0.85. The business’s 50 day moving average is $417.19 and its two-hundred day moving average is $450.52. Linde PLC has a 12-month low of $387.78 and a 12-month high of $486.38. The company has a current ratio of 0.82, a quick ratio of 0.69 and a debt-to-equity ratio of 0.46.

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

Linde Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Mizuho set a $495.00 price objective on Linde in a report on Thursday, December 11th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $516.00 price target on shares of Linde in a research report on Monday, November 3rd. BMO Capital Markets set a $501.00 price objective on Linde in a report on Wednesday, December 17th. UBS Group restated a “buy” rating on shares of Linde in a research report on Friday, December 12th. Finally, Royal Bank Of Canada reduced their price target on shares of Linde from $540.00 to $490.00 and set an “outperform” rating for the company in a research report on Friday, December 12th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Linde currently has a consensus rating of “Buy” and an average target price of $501.00.

Check Out Our Latest Report on Linde

About Linde

(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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