Telligent Fund LP Grows Position in Linde PLC $LIN

Telligent Fund LP increased its position in Linde PLC (NASDAQ:LIN) by 6.1% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 7,000 shares of the basic materials company’s stock after purchasing an additional 400 shares during the period. Linde makes up 3.0% of Telligent Fund LP’s holdings, making the stock its 14th biggest holding. Telligent Fund LP’s holdings in Linde were worth $3,284,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Breakwater Capital Group grew its holdings in Linde by 2.3% in 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 last quarter. Canopy Partners LLC boosted its holdings in shares of Linde by 2.9% during the second quarter. Canopy Partners LLC now owns 788 shares of the basic materials company’s stock worth $370,000 after purchasing an additional 22 shares during the period. Mitchell Sinkler & Starr PA grew its stake in shares of Linde by 1.9% in 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 last quarter. Clarendon Private LLC increased its holdings in Linde by 1.0% during the 2nd 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 period. Finally, Sound Financial Strategies Group LLC increased its holdings in Linde by 1.4% during the 2nd 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 period. 82.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on LIN shares. Sanford C. Bernstein reiterated an “outperform” rating and issued a $516.00 price objective on shares of Linde in a report on Monday, November 3rd. Royal Bank Of Canada decreased their target price on Linde from $576.00 to $540.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. JPMorgan Chase & Co. cut their price target on shares of Linde from $475.00 to $455.00 and set an “overweight” rating on the stock in a report on Monday, November 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of Linde in a research report on Wednesday, October 8th. Finally, UBS Group decreased their price objective on shares of Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $508.83.

Linde Trading Down 0.4%

NASDAQ LIN opened at $413.20 on Thursday. The firm has a market capitalization of $192.94 billion, a PE ratio of 29.39, a P/E/G ratio of 2.85 and a beta of 0.91. The stock’s 50 day moving average is $450.77 and its 200 day moving average is $461.74. Linde PLC has a twelve month low of $408.65 and a twelve month high of $486.38. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 0.49.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Friday, October 31st. The basic materials company reported $4.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.18 by $0.03. Linde had a return on equity of 19.09% and a net margin of 20.20%.The business had revenue of $8.62 billion during the quarter, compared to the consensus estimate of $8.62 billion. During the same quarter in the prior year, the company earned $3.94 earnings per share. The firm’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. Q4 2025 guidance at 4.100-4.200 EPS. Research analysts forecast that Linde PLC will post 16.54 earnings per share for the current fiscal 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 paid 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 1.5%. Linde’s payout ratio is presently 40.19%.

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.