Davis Rea LTD. Trims Holdings in Linde PLC $LIN

Davis Rea LTD. decreased its stake in shares of Linde PLC (NASDAQ:LIN) by 0.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,493 shares of the basic materials company’s stock after selling 70 shares during the quarter. Linde comprises 1.2% of Davis Rea LTD.’s holdings, making the stock its 27th largest position. Davis Rea LTD.’s holdings in Linde were worth $4,915,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Breakwater Capital Group lifted its position in Linde by 2.3% during the second quarter. Breakwater Capital Group now owns 980 shares of the basic materials company’s stock worth $460,000 after buying an additional 22 shares in the last quarter. Canopy Partners LLC raised its position in Linde by 2.9% in the second quarter. Canopy Partners LLC now owns 788 shares of the basic materials company’s stock valued at $370,000 after purchasing an additional 22 shares during the period. Strategy Asset Managers LLC raised its position in Linde by 2.8% in the first quarter. Strategy Asset Managers LLC now owns 834 shares of the basic materials company’s stock valued at $388,000 after purchasing an additional 23 shares during the period. Diversify Advisory Services LLC raised its position in Linde by 2.5% in the first quarter. Diversify Advisory Services LLC now owns 999 shares of the basic materials company’s stock valued at $450,000 after purchasing an additional 24 shares during the period. Finally, IFP Advisors Inc raised its position in Linde by 0.8% in the first quarter. IFP Advisors Inc now owns 3,207 shares of the basic materials company’s stock valued at $1,493,000 after purchasing an additional 24 shares during the period. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Linde Price Performance

LIN stock opened at $453.82 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $212.80 billion, a PE ratio of 32.28, a P/E/G ratio of 3.03 and a beta of 0.93. Linde PLC has a 12-month low of $408.65 and a 12-month high of $487.49. The business’s fifty day moving average price is $474.45 and its 200 day moving average price is $464.49.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Friday, August 1st. The basic materials company reported $4.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.03 by $0.06. The firm had revenue of $8.50 billion for the quarter, compared to the consensus estimate of $8.35 billion. Linde had a return on equity of 19.09% and a net margin of 20.20%.The company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.85 EPS. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. On average, sell-side analysts anticipate that Linde PLC will post 16.54 EPS for the current year.

Linde Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were issued a dividend of $1.50 per share. The ex-dividend date was Thursday, September 4th. This represents a $6.00 annualized dividend and a yield of 1.3%. Linde’s dividend payout ratio is 42.67%.

Insiders Place Their Bets

In other Linde news, Director Stephen F. Angel sold 50,309 shares of the company’s stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $473.38, for a total transaction of $23,815,274.42. Following the sale, the director owned 480,543 shares in the company, valued at $227,479,445.34. This represents a 9.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on LIN shares. UBS Group reduced their target price on Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a research report on Monday. Weiss Ratings restated a “buy (b)” rating on shares of Linde in a research report on Wednesday. Citigroup lifted their target price on Linde from $530.00 to $535.00 and gave the company a “buy” rating in a research report on Monday. Royal Bank Of Canada started coverage on Linde in a research report on Friday, June 13th. They issued an “outperform” rating and a $576.00 target price on the stock. Finally, JPMorgan Chase & Co. lifted their target price on Linde from $470.00 to $475.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Linde currently has a consensus rating of “Buy” and an average target price of $520.00.

Linde Profile

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.