Rathbones Group PLC Grows Position in Linde PLC $LIN

Rathbones Group PLC raised its position in Linde PLC (NASDAQ:LIN) by 8.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 584,284 shares of the basic materials company’s stock after purchasing an additional 46,945 shares during the quarter. Linde accounts for approximately 1.2% of Rathbones Group PLC’s holdings, making the stock its 19th biggest holding. Rathbones Group PLC owned approximately 0.12% of Linde worth $274,134,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in LIN. eCIO Inc. purchased a new stake in shares of Linde in the first quarter worth approximately $45,000. Clal Insurance Enterprises Holdings Ltd grew its position in 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 acquiring an additional 89 shares during the last quarter. Nova Wealth Management Inc. purchased a new stake in Linde in the first quarter worth $52,000. Costello Asset Management INC purchased a new stake in Linde in the first quarter worth $54,000. Finally, Activest Wealth Management lifted its position in shares of Linde by 5,800.0% during the first quarter. Activest Wealth Management now owns 118 shares of the basic materials company’s stock worth $55,000 after purchasing an additional 116 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

Linde Price Performance

NASDAQ LIN opened at $420.51 on Friday. The company has a market cap of $196.36 billion, a PE ratio of 29.91, a P/E/G ratio of 2.85 and a beta of 0.91. The firm’s 50 day moving average price is $459.02 and its 200-day moving average price is $463.32. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.78 and a current ratio of 0.93. Linde PLC has a 52-week low of $408.65 and a 52-week high of $486.38.

Linde (NASDAQ:LIN) last posted its earnings results 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. The company had revenue of $8.62 billion during 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%.Linde’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.94 earnings per share. Linde has set its FY 2025 guidance at 16.350-16.450 EPS. Q4 2025 guidance at 4.100-4.200 EPS. Sell-side analysts forecast 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 paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Wednesday, December 3rd. Linde’s dividend payout ratio is 40.19%.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Seaport Res Ptn upgraded shares of Linde from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Sanford C. Bernstein restated an “outperform” rating and issued a $516.00 target price on shares of Linde in a research note on Monday, November 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Linde in a research report on Wednesday, October 8th. Citigroup lowered 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. Finally, Royal Bank Of Canada dropped their price objective on Linde from $576.00 to $540.00 and set an “outperform” rating on the stock in a research note on Thursday. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Linde presently has an average rating of “Buy” and an average 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.