D.A. Davidson & CO. Sells 1,664 Shares of Linde PLC $LIN

D.A. Davidson & CO. decreased its holdings in Linde PLC (NASDAQ:LIN) by 6.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,020 shares of the basic materials company’s stock after selling 1,664 shares during the period. D.A. Davidson & CO.’s holdings in Linde were worth $11,885,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bartlett & CO. Wealth Management LLC increased its position in shares of Linde by 1.3% in the second quarter. Bartlett & CO. Wealth Management LLC now owns 249,742 shares of the basic materials company’s stock worth $117,174,000 after purchasing an additional 3,230 shares during the period. Markel Group Inc. increased its holdings in Linde by 3.1% in the 2nd quarter. Markel Group Inc. now owns 186,600 shares of the basic materials company’s stock valued at $87,549,000 after buying an additional 5,600 shares during the period. Destiny Wealth Partners LLC acquired a new position in shares of Linde in the 2nd quarter valued at approximately $465,000. OMERS ADMINISTRATION Corp lifted its holdings in shares of Linde by 27.2% during the 2nd quarter. OMERS ADMINISTRATION Corp now owns 417,001 shares of the basic materials company’s stock worth $195,649,000 after acquiring an additional 89,129 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. lifted its holdings in shares of Linde by 25.9% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 23,558 shares of the basic materials company’s stock worth $10,970,000 after acquiring an additional 4,839 shares during the period. 82.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Royal Bank Of Canada lowered their price objective on shares of Linde from $540.00 to $490.00 and set an “outperform” rating for the company in a research report on Friday, December 12th. BMO Capital Markets set a $501.00 price objective on Linde in a research report on Wednesday, December 17th. 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. Weiss Ratings reissued a “hold (c+)” rating on shares of Linde in a research note on Monday, December 29th. Finally, JPMorgan Chase & Co. dropped their target price 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. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $501.00.

Linde Stock Performance

Shares of LIN stock opened at $433.10 on Tuesday. The firm has a market capitalization of $202.24 billion, a price-to-earnings ratio of 29.01, a PEG ratio of 3.03 and a beta of 0.85. 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 business’s 50-day moving average price is $417.06 and its 200-day moving average price is $450.84. Linde PLC has a 12 month low of $387.78 and a 12 month high of $486.38.

Linde (NASDAQ:LIN) last announced its quarterly earnings results on Friday, October 31st. The basic materials company reported $4.21 earnings per share (EPS) 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 analysts’ expectations of $8.62 billion. Linde had a net margin of 21.17% and a return on equity of 19.38%. The company’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the company 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. Equities research analysts forecast that Linde PLC will post 16.54 EPS for the current year.

Linde Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd were given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Wednesday, December 3rd. Linde’s dividend payout ratio (DPR) is currently 40.19%.

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.