Vinva Investment Management Ltd Buys 4,373 Shares of Linde PLC $LIN

Vinva Investment Management Ltd lifted its stake in shares of Linde PLC (NASDAQ:LIN) by 25.1% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 21,786 shares of the basic materials company’s stock after buying an additional 4,373 shares during the quarter. Vinva Investment Management Ltd’s holdings in Linde were worth $10,104,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in LIN. Brighton Jones LLC acquired a new position in Linde in the 4th quarter valued at $2,752,000. Revolve Wealth Partners LLC grew its stake in shares of Linde by 14.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company’s stock valued at $325,000 after acquiring an additional 96 shares in the last quarter. Norden Group LLC increased its position in Linde by 15.1% during the first quarter. Norden Group LLC now owns 1,393 shares of the basic materials company’s stock worth $648,000 after acquiring an additional 183 shares during the period. Foundations Investment Advisors LLC raised its stake in Linde by 3.3% in the 1st quarter. Foundations Investment Advisors LLC now owns 4,656 shares of the basic materials company’s stock worth $2,168,000 after purchasing an additional 147 shares in the last quarter. Finally, N.E.W. Advisory Services LLC bought a new stake in Linde in the 1st quarter valued at about $99,000. Institutional investors own 82.80% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on LIN shares. Sanford C. Bernstein reissued an “outperform” rating and set a $516.00 target price on shares of Linde in a report on Monday, November 3rd. Royal Bank Of Canada decreased their target price 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. Seaport Res Ptn upgraded shares of Linde from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. JPMorgan Chase & Co. reduced their price target on shares of Linde from $475.00 to $455.00 and set an “overweight” rating on the stock in a research report on Monday, November 3rd. Finally, Citigroup lowered their price objective on shares of Linde from $535.00 to $520.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $508.83.

Linde Stock Up 0.0%

Shares of NASDAQ:LIN opened at $407.90 on Thursday. Linde PLC has a 52-week low of $406.09 and a 52-week high of $486.38. The company has a market capitalization of $190.47 billion, a PE ratio of 29.01, a price-to-earnings-growth ratio of 2.85 and a beta of 0.91. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.78 and a current ratio of 0.93. The company has a fifty day moving average of $443.79 and a 200-day moving average of $460.26.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Friday, October 31st. The basic materials company reported $4.21 earnings per share 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 for the quarter, compared to analyst estimates of $8.62 billion. During the same quarter in the previous year, the company posted $3.94 EPS. Linde’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. On average, equities analysts predict that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Announces Dividend

The business 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 1.5%. The ex-dividend date is Wednesday, December 3rd. Linde’s dividend 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.