W.H. Cornerstone Investments Inc. Sells 220 Shares of Linde PLC $LIN

W.H. Cornerstone Investments Inc. lessened its holdings in Linde PLC (NASDAQ:LIN) by 24.7% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 672 shares of the basic materials company’s stock after selling 220 shares during the period. W.H. Cornerstone Investments Inc.’s holdings in Linde were worth $315,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. eCIO Inc. purchased a new position in Linde during the 1st quarter worth $45,000. Clal Insurance Enterprises Holdings Ltd raised its holdings in shares of Linde by 445.0% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company’s stock valued at $51,000 after acquiring an additional 89 shares during the last quarter. Nova Wealth Management Inc. acquired a new stake in Linde during the 1st quarter worth $52,000. Costello Asset Management INC purchased a new stake in shares of Linde in the first quarter valued at approximately $54,000. Finally, Activest Wealth Management raised its holdings in shares of Linde by 5,800.0% during the 1st quarter. Activest Wealth Management now owns 118 shares of the basic materials company’s stock worth $55,000 after acquiring an additional 116 shares during the period. Institutional investors own 82.80% of the company’s stock.

Analyst Ratings Changes

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

Linde Trading Down 0.9%

LIN traded down $3.95 during midday trading on Thursday, hitting $425.01. The company’s stock had a trading volume of 432,048 shares, compared to its average volume of 2,064,951. 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 firm has a market cap of $198.46 billion, a P/E ratio of 30.30, a PEG ratio of 2.85 and a beta of 0.91. The firm has a 50-day moving average price of $456.07 and a two-hundred day moving average price of $462.83. Linde PLC has a 52-week low of $408.65 and a 52-week 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 for the quarter, beating analysts’ consensus estimates of $4.18 by $0.03. Linde had a net margin of 20.20% and a return on equity of 19.09%. The firm had revenue of $8.62 billion for the quarter, compared to analysts’ expectations of $8.62 billion. During the same period in the previous year, the company posted $3.94 earnings per share. Linde’s revenue was up 2.9% compared to the same quarter last year. Linde has set its FY 2025 guidance at 16.350-16.450 EPS. Q4 2025 guidance at 4.100-4.200 EPS. On average, research analysts anticipate that Linde PLC will post 16.54 earnings per share for the current year.

Linde Announces Dividend

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. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Wednesday, December 3rd. Linde’s dividend payout ratio is currently 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.