Linde PLC $LIN Shares Acquired by Impax Asset Management Group plc

Impax Asset Management Group plc boosted its holdings in shares of Linde PLC (NASDAQ:LIN) by 5.9% during the second quarter, Holdings Channel.com reports. The institutional investor owned 1,900,131 shares of the basic materials company’s stock after acquiring an additional 105,614 shares during the quarter. Linde accounts for approximately 5.1% of Impax Asset Management Group plc’s portfolio, making the stock its largest position. Impax Asset Management Group plc’s holdings in Linde were worth $890,078,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of LIN. Breakwater Capital Group boosted its stake in shares of Linde by 2.3% during the 2nd quarter. Breakwater Capital Group now owns 980 shares of the basic materials company’s stock worth $460,000 after acquiring an additional 22 shares during the period. Canopy Partners LLC lifted its holdings in Linde by 2.9% during the 2nd quarter. Canopy Partners LLC now owns 788 shares of the basic materials company’s stock valued at $370,000 after purchasing an additional 22 shares during the last quarter. Mitchell Sinkler & Starr PA boosted its position in Linde by 1.9% during the second quarter. Mitchell Sinkler & Starr PA now owns 1,192 shares of the basic materials company’s stock worth $559,000 after purchasing an additional 22 shares during the period. Clarendon Private LLC increased its holdings in shares of Linde by 1.0% in the second quarter. Clarendon Private LLC now owns 2,273 shares of the basic materials company’s stock valued at $1,066,000 after purchasing an additional 22 shares during the last quarter. Finally, Sound Financial Strategies Group LLC increased its holdings in shares of Linde by 1.4% in the second quarter. Sound Financial Strategies Group LLC now owns 1,635 shares of the basic materials company’s stock valued at $767,000 after purchasing an additional 22 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

Linde Trading Up 0.5%

Shares of LIN stock opened at $428.96 on Thursday. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 0.49. The stock has a market cap of $200.30 billion, a P/E ratio of 30.51, a price-to-earnings-growth ratio of 2.85 and a beta of 0.91. The stock has a 50 day simple moving average of $456.07 and a 200 day simple moving average of $462.83. Linde PLC has a 1 year low of $408.65 and a 1 year high of $486.38.

Linde (NASDAQ:LIN) last posted 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 return on equity of 19.09% and a net margin of 20.20%.The company’s revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the company earned $3.94 EPS. Linde has set its FY 2025 guidance at 16.350-16.450 EPS. Q4 2025 guidance at 4.100-4.200 EPS. On average, research analysts predict that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd will be given a dividend of $1.50 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $6.00 annualized dividend and a yield of 1.4%. Linde’s dividend payout ratio is currently 40.19%.

Analyst Ratings Changes

LIN has been the subject of a number of research reports. JPMorgan Chase & Co. cut their target price on shares of Linde from $475.00 to $455.00 and set an “overweight” rating for the company in a research note on Monday, November 3rd. UBS Group cut their price objective on shares of Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Sanford C. Bernstein restated an “outperform” rating and set a $516.00 price objective on shares of Linde in a report on Monday, November 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Linde in a research report on Wednesday, October 8th. Finally, Citigroup dropped their price target on Linde from $535.00 to $520.00 and set a “buy” rating for the company in a report on Monday, November 3rd. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $508.83.

Linde Profile

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.