Dnca Finance Sells 29,047 Shares of Linde PLC $LIN

Dnca Finance cut its holdings in Linde PLC (NASDAQ:LIN) by 38.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 47,213 shares of the basic materials company’s stock after selling 29,047 shares during the period. Linde comprises 1.7% of Dnca Finance’s holdings, making the stock its 17th largest holding. Dnca Finance’s holdings in Linde were worth $22,151,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. eCIO Inc. purchased a new stake in Linde during the first quarter valued at approximately $45,000. Clal Insurance Enterprises Holdings Ltd raised its holdings in Linde by 445.0% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company’s stock valued at $51,000 after buying an additional 89 shares during the period. Nova Wealth Management Inc. purchased a new stake in Linde during the 1st quarter valued at $52,000. Activest Wealth Management lifted its position in Linde by 5,800.0% in the first quarter. Activest Wealth Management now owns 118 shares of the basic materials company’s stock worth $55,000 after buying an additional 116 shares during the last quarter. Finally, Hughes Financial Services LLC boosted its stake in Linde by 280.6% during the second quarter. Hughes Financial Services LLC now owns 137 shares of the basic materials company’s stock worth $65,000 after buying an additional 101 shares during the period. Institutional investors own 82.80% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on LIN shares. Seaport Res Ptn raised shares of Linde from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. CICC Research started coverage on shares of Linde in a research report on Wednesday. They issued an “outperform” rating and a $510.00 price objective on the stock. UBS Group decreased their price objective on shares of Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Royal Bank Of Canada cut their target price on Linde from $576.00 to $540.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. Finally, JPMorgan Chase & Co. reduced their price target on Linde from $475.00 to $455.00 and set an “overweight” rating on the stock in a report on Monday, November 3rd. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Linde presently has a consensus rating of “Buy” and an average target price of $509.00.

Linde Price Performance

Shares of LIN stock opened at $399.57 on Friday. Linde PLC has a twelve month low of $398.93 and a twelve month high of $486.38. The company has a current ratio of 0.82, a quick ratio of 0.69 and a debt-to-equity ratio of 0.46. The stock has a fifty day simple moving average of $434.02 and a two-hundred day simple moving average of $457.91. The stock has a market capitalization of $186.58 billion, a price-to-earnings ratio of 26.76, a P/E/G ratio of 3.07 and a beta of 0.85.

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. Linde had a return on equity of 19.38% and a net margin of 21.17%.The firm had revenue of $8.62 billion during the quarter, compared to the consensus estimate of $8.62 billion. During the same period in the previous year, the company posted $3.94 earnings per share. The firm’s quarterly 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. On average, analysts predict that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.5%. Linde’s dividend payout ratio (DPR) is currently 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.