Railway Pension Investments Ltd Sells 32,400 Shares of Linde PLC $LIN

Railway Pension Investments Ltd lessened its holdings in Linde PLC (NASDAQ:LIN) by 57.2% during the second quarter, Holdings Channel.com reports. The firm owned 24,200 shares of the basic materials company’s stock after selling 32,400 shares during the quarter. Railway Pension Investments Ltd’s holdings in Linde were worth $11,354,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. eCIO Inc. bought a new stake in Linde during the 1st quarter valued at $45,000. Clal Insurance Enterprises Holdings Ltd increased its position 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 purchasing an additional 89 shares during the period. Nova Wealth Management Inc. bought a new position in Linde in the 1st quarter worth $52,000. Costello Asset Management INC purchased a new stake in shares of Linde in the 1st quarter worth about $54,000. Finally, Activest Wealth Management lifted its position in shares of Linde by 5,800.0% in the 1st quarter. Activest Wealth Management now owns 118 shares of the basic materials company’s stock worth $55,000 after purchasing an additional 116 shares during the period. Institutional investors own 82.80% of the company’s stock.

Analyst Ratings Changes

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

Linde Trading Up 0.6%

NASDAQ:LIN opened at $410.33 on Monday. The stock has a market cap of $191.60 billion, a price-to-earnings ratio of 29.18, a PEG ratio of 2.85 and a beta of 0.91. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 0.49. The company’s 50 day moving average price is $441.05 and its 200-day moving average price is $459.75. Linde PLC has a 52 week low of $406.09 and a 52 week high of $486.38.

Linde (NASDAQ:LIN) last released 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 19.09% and a net margin of 20.20%.The business had revenue of $8.62 billion for the quarter, compared to analysts’ expectations of $8.62 billion. During the same period in the prior year, the firm posted $3.94 EPS. 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. Q4 2025 guidance at 4.100-4.200 EPS. On average, equities research analysts forecast that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Investors 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 1.5%. Linde’s dividend payout ratio (DPR) is 40.19%.

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.