Linde PLC $LIN Shares Sold by Simplicity Wealth LLC

Simplicity Wealth LLC cut its stake in shares of Linde PLC (NASDAQ:LIN) by 35.4% in the 3rd quarter, Holdings Channel reports. The fund owned 2,545 shares of the basic materials company’s stock after selling 1,392 shares during the quarter. Simplicity Wealth LLC’s holdings in Linde were worth $1,209,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of LIN. Canopy Partners LLC lifted its holdings in shares of Linde by 2.9% during the second quarter. Canopy Partners LLC now owns 788 shares of the basic materials company’s stock worth $370,000 after purchasing an additional 22 shares during the period. Mitchell Sinkler & Starr PA raised its position in Linde by 1.9% during the 2nd quarter. Mitchell Sinkler & Starr PA now owns 1,192 shares of the basic materials company’s stock worth $559,000 after buying an additional 22 shares during the last quarter. Clarendon Private LLC lifted its stake in shares of Linde by 1.0% in the 2nd quarter. Clarendon Private LLC now owns 2,273 shares of the basic materials company’s stock worth $1,066,000 after acquiring an additional 22 shares during the period. Sound Financial Strategies Group LLC lifted its stake in shares of Linde by 1.4% in the 2nd quarter. Sound Financial Strategies Group LLC now owns 1,635 shares of the basic materials company’s stock worth $767,000 after acquiring an additional 22 shares during the period. Finally, Shepherd Financial Partners LLC boosted its holdings in shares of Linde by 4.5% in the second quarter. Shepherd Financial Partners LLC now owns 508 shares of the basic materials company’s stock valued at $238,000 after acquiring an additional 22 shares in the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Linde Price Performance

Shares of NASDAQ:LIN opened at $451.57 on Friday. The business’s 50 day simple moving average is $421.73 and its 200-day simple moving average is $448.45. The firm has a market capitalization of $210.86 billion, a price-to-earnings ratio of 30.25, a price-to-earnings-growth ratio of 3.13 and a beta of 0.85. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.82 and a quick ratio of 0.69. Linde PLC has a 12 month low of $387.78 and a 12 month high of $486.38.

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, beating the consensus estimate of $4.18 by $0.03. The firm had revenue of $8.62 billion during the quarter, compared to the consensus estimate of $8.62 billion. Linde had a return on equity of 19.38% and a net margin of 21.17%.Linde’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the business 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. As a group, equities analysts forecast that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd were paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Wednesday, December 3rd. Linde’s payout ratio is 40.19%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on LIN. JPMorgan Chase & Co. cut their price target on shares of Linde from $475.00 to $455.00 and set an “overweight” rating for the company in a report on Monday, November 3rd. Citigroup increased their target price on Linde from $520.00 to $540.00 and gave the stock a “buy” rating in a research note on Wednesday. Weiss Ratings reissued a “hold (c+)” rating on shares of Linde in a report on Monday, December 29th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $516.00 price objective on shares of Linde in a report on Monday, November 3rd. Finally, UBS Group reiterated a “buy” rating on shares of Linde in a research report on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $501.75.

About Linde

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.