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

Dnca Finance lessened its position in shares of Linde PLC (NASDAQ:LIN) by 38.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,213 shares of the basic materials company’s stock after selling 29,047 shares during the quarter. Linde comprises 1.7% of Dnca Finance’s holdings, making the stock its 17th biggest position. Dnca Finance’s holdings in Linde were worth $22,151,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. eCIO Inc. acquired a new position in shares of Linde during the first quarter worth $45,000. Clal Insurance Enterprises Holdings Ltd grew its stake 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 worth $51,000 after buying an additional 89 shares during the last quarter. Nova Wealth Management Inc. acquired a new position in Linde during the 1st quarter valued at about $52,000. Activest Wealth Management raised its stake in Linde by 5,800.0% in the first quarter. Activest Wealth Management now owns 118 shares of the basic materials company’s stock valued at $55,000 after buying an additional 116 shares during the last quarter. Finally, Hughes Financial Services LLC raised its stake in Linde by 280.6% in the second quarter. Hughes Financial Services LLC now owns 137 shares of the basic materials company’s stock valued at $65,000 after buying an additional 101 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. CICC Research started coverage on shares of Linde in a report on Wednesday. They set an “outperform” rating and a $510.00 price objective on the stock. Citigroup cut their price target on shares of Linde from $535.00 to $520.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. Royal Bank Of Canada lowered their price objective on shares of Linde from $576.00 to $540.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Seaport Res Ptn raised Linde from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Finally, JPMorgan Chase & Co. reduced their target price on Linde from $475.00 to $455.00 and set an “overweight” rating for the company in a research note 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 given a Hold rating to the stock. According to data from MarketBeat, Linde presently has an average rating of “Buy” and a consensus price target of $509.00.

Linde Price Performance

NASDAQ:LIN opened at $399.57 on Friday. The firm’s fifty day moving average is $434.02 and its two-hundred day moving average is $457.91. The firm has a market cap of $186.58 billion, a price-to-earnings ratio of 26.76, a PEG ratio of 3.07 and a beta of 0.85. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.69 and a current ratio of 0.82. Linde PLC has a one year low of $398.93 and a one year high of $486.38.

Linde (NASDAQ:LIN) last issued its quarterly earnings data 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. Linde had a return on equity of 19.38% and a net margin of 21.17%.The business had revenue of $8.62 billion during the quarter, compared to analysts’ expectations of $8.62 billion. During the same quarter in the previous year, the firm posted $3.94 EPS. The company’s revenue for the quarter 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. Research analysts expect that Linde PLC will post 16.54 EPS for the current year.

Linde Announces Dividend

The company 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 of this dividend 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 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.