Linde PLC $LIN Shares Sold by EagleClaw Capital Managment LLC

EagleClaw Capital Managment LLC lowered its position in Linde PLC (NASDAQ:LIN) by 1.3% in the second quarter, HoldingsChannel reports. The institutional investor owned 27,315 shares of the basic materials company’s stock after selling 350 shares during the period. Linde makes up 1.9% of EagleClaw Capital Managment LLC’s holdings, making the stock its 14th biggest position. EagleClaw Capital Managment LLC’s holdings in Linde were worth $12,816,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Nuveen LLC purchased a new position in Linde during the 1st quarter valued at about $2,097,793,000. Deutsche Bank AG grew its position in shares of Linde by 172.4% in the first quarter. Deutsche Bank AG now owns 2,407,637 shares of the basic materials company’s stock valued at $1,121,092,000 after purchasing an additional 1,523,702 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Linde by 18.6% during the 1st quarter. Wellington Management Group LLP now owns 7,542,991 shares of the basic materials company’s stock worth $3,511,751,000 after purchasing an additional 1,182,157 shares in the last quarter. Alecta Tjanstepension Omsesidigt acquired a new position in shares of Linde during the 1st quarter worth approximately $233,405,000. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Linde by 5.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,600,297 shares of the basic materials company’s stock worth $4,470,284,000 after purchasing an additional 453,108 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

A number of equities research analysts have commented on LIN shares. JPMorgan Chase & Co. lowered their target price on Linde from $475.00 to $455.00 and set an “overweight” rating on the stock in a report on Monday, November 3rd. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $516.00 price objective on shares of Linde in a research note on Monday, November 3rd. Seaport Res Ptn raised shares of Linde from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Royal Bank Of Canada reduced 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. Finally, UBS Group lowered their price target 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 research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $508.83.

Linde Stock Performance

Linde stock opened at $428.96 on Thursday. The stock has a fifty day moving average price of $456.07 and a 200 day moving average price of $462.83. Linde PLC has a 52 week low of $408.65 and a 52 week high of $486.38. The firm has a market capitalization of $200.30 billion, a P/E ratio of 30.51, a PEG ratio of 2.85 and a beta of 0.91. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 0.49.

Linde (NASDAQ:LIN) last posted its quarterly earnings results on Friday, October 31st. The basic materials company reported $4.21 EPS for the quarter, beating the consensus estimate of $4.18 by $0.03. Linde had a return on equity of 19.09% and a net margin of 20.20%.The company had revenue of $8.62 billion during the quarter, compared to analysts’ expectations of $8.62 billion. During the same quarter in the previous year, the business earned $3.94 EPS. The firm’s revenue was up 2.9% on a year-over-year basis. Linde has set its FY 2025 guidance at 16.350-16.450 EPS. Q4 2025 guidance at 4.100-4.200 EPS. Equities research analysts anticipate that Linde PLC will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd will be given 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 1.4%. Linde’s dividend payout ratio is 40.19%.

Linde Company 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.