Locust Wood Capital Advisers LLC Buys 37,676 Shares of Linde PLC $LIN

Locust Wood Capital Advisers LLC lifted its position in Linde PLC (NASDAQ:LIN) by 7.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 513,916 shares of the basic materials company’s stock after buying an additional 37,676 shares during the quarter. Linde makes up 6.1% of Locust Wood Capital Advisers LLC’s investment portfolio, making the stock its largest holding. Locust Wood Capital Advisers LLC’s holdings in Linde were worth $244,110,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of LIN. Bartlett & CO. Wealth Management LLC grew its stake in Linde by 1.3% during the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 249,742 shares of the basic materials company’s stock valued at $117,174,000 after purchasing an additional 3,230 shares in the last quarter. Markel Group Inc. raised its holdings in Linde by 3.1% in the second quarter. Markel Group Inc. now owns 186,600 shares of the basic materials company’s stock valued at $87,549,000 after acquiring an additional 5,600 shares in the last quarter. Destiny Wealth Partners LLC bought a new position in Linde during the 2nd quarter valued at $465,000. Cerity Partners LLC increased its position in shares of Linde by 12.3% in the 3rd quarter. Cerity Partners LLC now owns 205,318 shares of the basic materials company’s stock worth $97,526,000 after purchasing an additional 22,489 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp lifted its position in shares of Linde by 27.2% during the second quarter. OMERS ADMINISTRATION Corp now owns 417,001 shares of the basic materials company’s stock worth $195,649,000 after purchasing an additional 89,129 shares during the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Linde Trading Up 1.4%

Linde stock opened at $439.35 on Thursday. Linde PLC has a 1 year low of $387.78 and a 1 year high of $486.38. The firm’s 50 day moving average price is $420.83 and its two-hundred day moving average price is $448.60. The firm has a market cap of $205.15 billion, a price-to-earnings ratio of 29.43, a price-to-earnings-growth ratio of 3.03 and a beta of 0.85. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.69 and a current ratio of 0.82.

Linde (NASDAQ:LIN) last issued its earnings results on Friday, October 31st. The basic materials company reported $4.21 earnings per share (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 19.38% and a net margin of 21.17%.The company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm posted $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. On average, research analysts predict that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd were issued a $1.50 dividend. The ex-dividend date was Wednesday, December 3rd. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.4%. Linde’s dividend payout ratio is presently 40.19%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. UBS Group reiterated a “buy” rating on shares of Linde in a research report on Friday, December 12th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $516.00 price objective on shares of Linde in a report on Monday, November 3rd. CICC Research began coverage on shares of Linde in a report on Wednesday, December 3rd. They set an “outperform” rating and a $510.00 target price on the stock. Mizuho set a $495.00 price target on shares of Linde in a research report on Thursday, December 11th. Finally, Citigroup boosted their price objective on shares of Linde from $520.00 to $540.00 and gave the company a “buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $501.75.

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.