Linde PLC $LIN Shares Purchased by Choreo LLC

Choreo LLC increased its holdings in shares of Linde PLC (NASDAQ:LIN) by 13.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,686 shares of the basic materials company’s stock after buying an additional 2,145 shares during the quarter. Choreo LLC’s holdings in Linde were worth $8,298,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. eCIO Inc. purchased a new stake in Linde in the first quarter valued at approximately $45,000. Clal Insurance Enterprises Holdings Ltd boosted its holdings in shares of Linde by 445.0% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company’s stock valued at $51,000 after purchasing an additional 89 shares during the last quarter. Nova Wealth Management Inc. purchased a new stake in shares of Linde during the 1st quarter valued at $52,000. Costello Asset Management INC acquired a new stake in shares of Linde during the 1st quarter worth $54,000. Finally, Activest Wealth Management raised its position in shares of Linde by 5,800.0% in the 1st quarter. Activest Wealth Management now owns 118 shares of the basic materials company’s stock worth $55,000 after buying an additional 116 shares during the period. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Linde Stock Up 0.0%

Shares of NASDAQ:LIN opened at $407.90 on Thursday. The company has a market capitalization of $190.47 billion, a price-to-earnings ratio of 29.01, a price-to-earnings-growth ratio of 2.85 and a beta of 0.91. The company has a 50 day moving average of $443.79 and a two-hundred day moving average of $460.26. Linde PLC has a 52-week low of $406.09 and a 52-week 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 announced its earnings results on Friday, October 31st. The basic materials company reported $4.21 earnings per share for the quarter, beating the consensus estimate of $4.18 by $0.03. Linde had a net margin of 20.20% and a return on equity of 19.09%. The business had revenue of $8.62 billion during the quarter, compared to the consensus estimate of $8.62 billion. During the same period in the prior year, the firm earned $3.94 earnings per share. The business’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. As a group, analysts forecast that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd will be paid a $1.50 dividend. The ex-dividend date is Wednesday, December 3rd. This represents a $6.00 annualized dividend and a dividend yield of 1.5%. Linde’s payout ratio is 40.19%.

Analysts Set New Price Targets

Several brokerages have commented on LIN. Citigroup dropped their price target on Linde from $535.00 to $520.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Royal Bank Of Canada cut their price target on shares of Linde from $576.00 to $540.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. JPMorgan Chase & Co. decreased their price objective 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 dropped 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. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $516.00 target price on shares of Linde in a report on Monday, November 3rd. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target 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.