DJE Kapital AG Trims Position in Linde PLC $LIN

DJE Kapital AG lowered its stake in Linde PLC (NASDAQ:LIN) by 1.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 256,133 shares of the basic materials company’s stock after selling 2,475 shares during the period. Linde accounts for approximately 2.9% of DJE Kapital AG’s holdings, making the stock its 10th biggest holding. DJE Kapital AG owned 0.05% of Linde worth $119,115,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of LIN. Nuveen LLC acquired a new position in Linde in the first quarter worth about $2,097,793,000. Deutsche Bank AG lifted its holdings in Linde by 172.4% during the 1st quarter. Deutsche Bank AG now owns 2,407,637 shares of the basic materials company’s stock worth $1,121,092,000 after buying an additional 1,523,702 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Linde by 18.6% in the 1st quarter. Wellington Management Group LLP now owns 7,542,991 shares of the basic materials company’s stock worth $3,511,751,000 after acquiring an additional 1,182,157 shares in the last quarter. Alecta Tjanstepension Omsesidigt acquired a new position in shares of Linde in the 1st quarter worth approximately $233,405,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Linde by 5.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,600,297 shares of the basic materials company’s stock valued at $4,470,284,000 after acquiring an additional 453,108 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Stock Up 1.2%

Linde stock opened at $420.51 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.78 and a current ratio of 0.93. Linde PLC has a one year low of $408.65 and a one year high of $486.38. The company has a 50-day simple moving average of $459.02 and a 200-day simple moving average of $463.32. The firm has a market capitalization of $196.36 billion, a P/E ratio of 29.91, a P/E/G ratio of 2.85 and a beta of 0.91.

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. Linde had a net margin of 20.20% and a return on equity of 19.09%. The firm 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 business posted $3.94 EPS. Linde’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. 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 firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd will be issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Wednesday, December 3rd. Linde’s dividend payout ratio is 40.19%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on LIN shares. Royal Bank Of Canada reduced their price objective on Linde from $576.00 to $540.00 and set an “outperform” rating on the stock in a research note on Thursday. Citigroup dropped their target price on shares of Linde from $535.00 to $520.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $516.00 price target on shares of Linde in a report on Monday, November 3rd. JPMorgan Chase & Co. lowered their price objective 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. Finally, UBS Group cut their target price on shares of Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $508.83.

About Linde

Linde plc operates as an industrial gas company in the Americas, Europe, the Middle East, Africa, Asia, and South Pacific. It offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.