Marathon Strategic Advisors LLC Purchases New Stake in Linde PLC $LIN

Marathon Strategic Advisors LLC purchased a new stake in shares of Linde PLC (NASDAQ:LIN) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,313 shares of the basic materials company’s stock, valued at approximately $1,099,000. Linde makes up 0.9% of Marathon Strategic Advisors LLC’s investment portfolio, making the stock its 22nd biggest position.

A number of other large investors have also recently made changes to their positions in LIN. Rockingstone Advisors LLC grew its holdings in shares of Linde by 3.3% during the third quarter. Rockingstone Advisors LLC now owns 6,354 shares of the basic materials company’s stock valued at $3,018,000 after buying an additional 202 shares during the last quarter. Franklin Street Advisors Inc. NC raised its holdings in shares of Linde by 0.7% in the 3rd quarter. Franklin Street Advisors Inc. NC now owns 54,001 shares of the basic materials company’s stock worth $25,651,000 after acquiring an additional 366 shares during the last quarter. Addenda Capital Inc. lifted its position in Linde by 41.6% in the 3rd quarter. Addenda Capital Inc. now owns 37,834 shares of the basic materials company’s stock valued at $17,971,000 after acquiring an additional 11,112 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its stake in Linde by 3.7% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 5,070 shares of the basic materials company’s stock valued at $2,408,000 after purchasing an additional 182 shares during the last quarter. Finally, Stokes Capital Advisors LLC boosted its stake in Linde by 4.8% during the 3rd quarter. Stokes Capital Advisors LLC now owns 14,815 shares of the basic materials company’s stock valued at $7,037,000 after purchasing an additional 682 shares during the last quarter. 82.80% of the stock is owned by institutional investors.

Linde Trading Up 0.6%

Shares of Linde stock opened at $421.43 on Friday. The firm has a market cap of $196.79 billion, a PE ratio of 28.23, a P/E/G ratio of 3.21 and a beta of 0.85. Linde PLC has a 1 year low of $387.78 and a 1 year high of $486.38. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.82 and a quick ratio of 0.69. The stock has a fifty day moving average price of $422.46 and a 200-day moving average price of $454.31.

Linde (NASDAQ:LIN) last issued its quarterly 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 for the quarter, compared to the consensus estimate of $8.62 billion. Linde had a net margin of 21.17% and a return on equity of 19.38%. The firm’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 and its Q4 2025 guidance at 4.100-4.200 EPS. Equities research analysts anticipate that Linde PLC will post 16.54 EPS for the current year.

Linde Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd were given 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 of this dividend was Wednesday, December 3rd. Linde’s dividend payout ratio is currently 40.19%.

Analysts Set New Price Targets

Several analysts have recently commented on LIN shares. CICC Research assumed coverage on Linde in a research note on Wednesday, December 3rd. They issued an “outperform” rating and a $510.00 price objective for the company. JPMorgan Chase & Co. decreased their price target on Linde from $475.00 to $455.00 and set an “overweight” rating for the company in a report on Monday, November 3rd. Weiss Ratings restated a “buy (b-)” rating on shares of Linde in a research note on Monday. Seaport Res Ptn upgraded shares of Linde from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Finally, Mizuho set a $495.00 target price on shares of Linde in a report on Thursday, December 11th. Two analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $501.00.

Linde Company Profile

Linde (NASDAQ: LIN) is a multinational industrial gases and engineering company that supplies gases, related technologies and services to a wide range of industries. The company traces its current form to the 2018 combination of Germany’s Linde AG and U.S.-based Praxair, creating one of the largest global providers of industrial, specialty and medical gases. Linde’s business model centers on production, processing and distribution of gases as well as the design and construction of the plants and equipment needed to produce them.

Core products and services include atmospheric and process gases such as oxygen, nitrogen and argon; hydrogen and helium; carbon dioxide; and a portfolio of higher‑value specialty and electronic gases.