Vest Financial LLC Purchases 2,435 Shares of Linde PLC $LIN

Vest Financial LLC raised its holdings in shares of Linde PLC (NASDAQ:LIN) by 1.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 143,858 shares of the basic materials company’s stock after acquiring an additional 2,435 shares during the quarter. Linde makes up 0.9% of Vest Financial LLC’s portfolio, making the stock its 17th largest holding. Vest Financial LLC’s holdings in Linde were worth $68,333,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of LIN. Darwin Wealth Management LLC bought a new stake in shares of Linde during the second quarter valued at approximately $25,000. Marquette Asset Management LLC purchased a new position in shares of Linde in the 3rd quarter worth approximately $27,000. YANKCOM Partnership increased its position in Linde by 195.2% during the third quarter. YANKCOM Partnership now owns 62 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 41 shares during the last quarter. Albion Financial Group UT lifted its stake in Linde by 87.8% in the third quarter. Albion Financial Group UT now owns 77 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 36 shares during the last quarter. Finally, Howard Hughes Medical Institute bought a new position in Linde in the 2nd quarter valued at $48,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Linde Stock Performance

NASDAQ:LIN opened at $433.15 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.69 and a current ratio of 0.82. The stock has a market capitalization of $202.26 billion, a P/E ratio of 29.01, a PEG ratio of 3.07 and a beta of 0.85. Linde PLC has a fifty-two week low of $387.78 and a fifty-two week high of $486.38. The company has a 50 day moving average price of $420.62 and a 200 day moving average price of $448.66.

Linde (NASDAQ:LIN) last posted its quarterly earnings results on Friday, October 31st. The basic materials company reported $4.21 EPS for the quarter, topping the consensus estimate of $4.18 by $0.03. The business had revenue of $8.62 billion during 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 company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.94 earnings per share. 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 EPS for the current year.

Linde Dividend Announcement

The firm 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. 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 (DPR) is 40.19%.

Wall Street Analysts Forecast Growth

LIN has been the subject of several recent research reports. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $516.00 price objective on shares of Linde in a research note on Monday, November 3rd. BMO Capital Markets set a $501.00 target price on shares of Linde in a research report on Wednesday, December 17th. CICC Research began coverage on Linde in a report on Wednesday, December 3rd. They set an “outperform” rating and a $510.00 target price for the company. Seaport Res Ptn upgraded Linde from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Finally, Royal Bank Of Canada dropped their price target on shares of Linde from $540.00 to $490.00 and set an “outperform” rating on the stock in a research report on Friday, December 12th. Two research analysts have 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, the company currently has an average rating of “Buy” and an average target price of $499.25.

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.