Twin Capital Management Inc. Purchases 338 Shares of Linde PLC $LIN

Twin Capital Management Inc. boosted its holdings in shares of Linde PLC (NASDAQ:LIN) by 2.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,635 shares of the basic materials company’s stock after buying an additional 338 shares during the period. Twin Capital Management Inc.’s holdings in Linde were worth $5,928,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. eCIO Inc. bought a new stake in shares of Linde during the 1st quarter valued at about $45,000. Clal Insurance Enterprises Holdings Ltd increased its position in shares of Linde by 445.0% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company’s stock worth $51,000 after purchasing an additional 89 shares during the last quarter. Nova Wealth Management Inc. purchased a new stake in Linde in the first quarter valued at approximately $52,000. Costello Asset Management INC purchased a new position in Linde in the 1st quarter worth approximately $54,000. Finally, Activest Wealth Management increased its holdings 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 last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LIN has been the topic of several research reports. JPMorgan Chase & Co. lowered their price objective on shares of Linde from $475.00 to $455.00 and set an “overweight” rating on the stock in a research report on Monday. Citigroup lowered their price target on Linde from $535.00 to $520.00 and set a “buy” rating on the stock in a research report on Monday. Sanford C. Bernstein reiterated an “outperform” rating and issued a $516.00 price objective on shares of Linde in a report on Monday. UBS Group decreased their price objective on Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. Finally, Seaport Res Ptn upgraded Linde from a “hold” rating to a “strong-buy” rating in a research report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $514.83.

Linde Trading Up 0.1%

Shares of LIN stock opened at $418.23 on Thursday. The business has a 50-day moving average of $461.52 and a 200 day moving average of $463.76. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.93 and a quick ratio of 0.78. Linde PLC has a 1-year low of $408.65 and a 1-year high of $486.38. The stock has a market capitalization of $195.29 billion, a PE ratio of 29.75, a P/E/G ratio of 2.85 and a beta of 0.91.

Linde (NASDAQ:LIN) last announced its quarterly earnings results 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 business had revenue of $8.62 billion for the quarter, compared to analysts’ expectations of $8.62 billion. Linde had a return on equity of 19.09% and a net margin of 20.20%.The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm 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. As a group, sell-side analysts anticipate that Linde PLC will post 16.54 earnings per share for the current year.

Linde Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders 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 (DPR) is 40.19%.

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.