Thrivent Financial for Lutherans Has $41.20 Million Holdings in Linde PLC $LIN

by · The Markets Daily

Thrivent Financial for Lutherans decreased its holdings in Linde PLC (NASDAQ:LIN – Free Report) by 2.3% during the 2nd quarter, Holdings Channel.com reports. The fund owned 87,858 shares of the basic materials company’s stock after selling 2,111 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Linde were worth $41,199,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Breakwater Capital Group lifted its holdings in shares of Linde by 2.3% in the second quarter. Breakwater Capital Group now owns 980 shares of the basic materials company’s stock valued at $460,000 after purchasing an additional 22 shares in the last quarter. Canopy Partners LLC raised its position in Linde by 2.9% in the 2nd quarter. Canopy Partners LLC now owns 788 shares of the basic materials company’s stock valued at $370,000 after buying an additional 22 shares during the last quarter. Mitchell Sinkler & Starr PA lifted its stake 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 valued at $559,000 after acquiring an additional 22 shares in the last quarter. Clarendon Private LLC lifted its stake in Linde by 1.0% during the 2nd quarter. Clarendon Private LLC now owns 2,273 shares of the basic materials company’s stock valued at $1,066,000 after acquiring an additional 22 shares in the last quarter. Finally, Sound Financial Strategies Group LLC boosted its holdings in Linde by 1.4% during 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 last quarter. 82.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. CICC Research assumed coverage on shares of Linde in a report on Wednesday, December 3rd. They issued an “outperform” rating and a $510.00 target price for the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Linde in a research report on Monday, December 8th. Mizuho set a $495.00 price objective on shares of Linde in a research note on Thursday. Royal Bank Of Canada cut their target price on Linde from $540.00 to $490.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, UBS Group reaffirmed a “buy” rating on shares of Linde in a report on Friday. Two research analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $501.00.

Get Our Latest Report on LIN

Linde Stock Up 0.2%

Linde stock opened at $416.99 on Tuesday. The firm has a 50 day moving average price of $425.74 and a 200-day moving average price of $455.38. The company has a quick ratio of 0.69, a current ratio of 0.82 and a debt-to-equity ratio of 0.46. Linde PLC has a twelve month low of $387.78 and a twelve month high of $486.38. The company has a market capitalization of $194.71 billion, a P/E ratio of 27.93, a P/E/G ratio of 3.19 and a beta of 0.85.

Linde (NASDAQ:LIN – Get Free Report) last posted its quarterly earnings results on Friday, October 31st. The basic materials company reported $4.21 EPS for the quarter, topping analysts’ consensus estimates of $4.18 by $0.03. Linde had a net margin of 21.17% and a return on equity of 19.38%. The company had revenue of $8.62 billion for the quarter, compared to analysts’ expectations of $8.62 billion. During the same quarter in the previous year, the firm posted $3.94 EPS. Linde’s revenue was up 2.9% on a year-over-year basis. 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 predict that Linde PLC will post 16.54 EPS for the current year.

Linde Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be paid a dividend of $1.50 per share. The ex-dividend date is Wednesday, December 3rd. This represents a $6.00 annualized dividend and a dividend yield of 1.4%. Linde’s dividend payout ratio is presently 40.19%.

Linde Company Profile

(Free Report)

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.

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