Linde (NASDAQ:LIN) Hits New 52-Week Low – Time to Sell?

Linde PLC (NASDAQ:LIN) shares reached a new 52-week low on Monday . The stock traded as low as $395.80 and last traded at $395.7890, with a volume of 213265 shares traded. The stock had previously closed at $399.57.

Wall Street Analyst Weigh In

LIN has been the topic of a number of research reports. CICC Research started coverage on shares of Linde in a research note on Wednesday, December 3rd. They issued an “outperform” rating and a $510.00 price target on the stock. Royal Bank Of Canada decreased their target price on Linde from $576.00 to $540.00 and set an “outperform” rating on the stock in a research report on Thursday, November 6th. JPMorgan Chase & Co. lowered their price target on Linde from $475.00 to $455.00 and set an “overweight” rating on the stock in a research note on Monday, November 3rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Linde in a research note on Monday. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $516.00 target price on shares of Linde in a research note on Monday, November 3rd. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $509.00.

Linde Stock Up 0.3%

The company has a quick ratio of 0.69, a current ratio of 0.82 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $182.29 billion, a PE ratio of 26.15, a price-to-earnings-growth ratio of 2.99 and a beta of 0.85. The business has a 50-day moving average price of $430.59 and a 200-day moving average price of $456.95.

Linde (NASDAQ:LIN) last released 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 19.38% and a net margin of 21.17%.The company 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 earnings per share. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. Linde has set its FY 2025 guidance at 16.350-16.450 EPS and its Q4 2025 guidance at 4.100-4.200 EPS. Equities research analysts forecast that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Announces Dividend

The company 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. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.5%. Linde’s dividend payout ratio is currently 40.19%.

Hedge Funds Weigh In On Linde

Several institutional investors and hedge funds have recently bought and sold shares of LIN. Saranac Partners Ltd purchased a new stake in shares of Linde during the 3rd quarter valued at approximately $29,000. Allworth Financial LP increased its stake in Linde by 15.2% during the third quarter. Allworth Financial LP now owns 13,428 shares of the basic materials company’s stock worth $6,378,000 after acquiring an additional 1,776 shares during the last quarter. Swiss Life Asset Management Ltd increased its stake in Linde by 10.2% during the third quarter. Swiss Life Asset Management Ltd now owns 116,510 shares of the basic materials company’s stock worth $55,342,000 after acquiring an additional 10,827 shares during the last quarter. Cambria Investment Management L.P. purchased a new stake in Linde in the third quarter valued at $305,000. Finally, KERR FINANCIAL PLANNING Corp acquired a new position in shares of Linde in the 3rd quarter valued at $29,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.

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.