Linde PLC $LIN Shares Sold by Davis R M Inc.

Davis R M Inc. reduced its holdings in Linde PLC (NASDAQ:LIN) by 1.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 148,094 shares of the basic materials company’s stock after selling 1,934 shares during the period. Linde comprises 1.3% of Davis R M Inc.’s holdings, making the stock its 21st largest position. Davis R M Inc.’s holdings in Linde were worth $69,483,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Nuveen LLC acquired a new stake in Linde in the 1st quarter valued at $2,097,793,000. Deutsche Bank AG lifted its holdings in Linde by 172.4% during the first quarter. Deutsche Bank AG now owns 2,407,637 shares of the basic materials company’s stock valued at $1,121,092,000 after purchasing an additional 1,523,702 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Linde by 18.6% in the first quarter. Wellington Management Group LLP now owns 7,542,991 shares of the basic materials company’s stock valued at $3,511,751,000 after purchasing an additional 1,182,157 shares during the period. Alecta Tjanstepension Omsesidigt purchased a new stake in shares of Linde during the first quarter worth about $233,405,000. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Linde by 5.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,600,297 shares of the basic materials company’s stock worth $4,470,284,000 after purchasing an additional 453,108 shares during the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on LIN. UBS Group lowered their price objective on Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. JPMorgan Chase & Co. decreased their target price on Linde from $475.00 to $455.00 and set an “overweight” rating on the stock in a research report on Monday, November 3rd. Sanford C. Bernstein reiterated an “outperform” rating and set a $516.00 price target on shares of Linde in a research report on Monday, November 3rd. Citigroup reduced their price objective on Linde from $535.00 to $520.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Finally, Royal Bank Of Canada lowered their target price on shares of Linde from $576.00 to $540.00 and set an “outperform” rating on the stock in a research note on Thursday. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $508.83.

Linde Price Performance

LIN stock opened at $420.51 on Monday. Linde PLC has a 1 year low of $408.65 and a 1 year high of $486.38. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.93 and a quick ratio of 0.78. The firm has a market capitalization of $196.36 billion, a PE ratio of 29.91, a price-to-earnings-growth ratio of 2.85 and a beta of 0.91. The business has a 50 day simple moving average of $459.02 and a 200-day simple moving average of $463.43.

Linde (NASDAQ:LIN) last announced its quarterly earnings data 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. The firm had revenue of $8.62 billion for the quarter, compared to the consensus estimate of $8.62 billion. Linde had a return on equity of 19.09% and a net margin of 20.20%.The firm’s revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the business posted $3.94 earnings per share. Linde has set its FY 2025 guidance at 16.350-16.450 EPS. Q4 2025 guidance at 4.100-4.200 EPS. Equities research analysts anticipate 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 will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be given a dividend of $1.50 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $6.00 annualized dividend and a dividend yield of 1.4%. Linde’s payout ratio is presently 40.19%.

About Linde

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.