RD Lewis Holdings Inc. Acquires 254 Shares of Linde PLC $LIN

RD Lewis Holdings Inc. lifted its holdings in shares of Linde PLC (NASDAQ:LIN) by 8.5% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 3,233 shares of the basic materials company’s stock after acquiring an additional 254 shares during the period. Linde accounts for about 1.5% of RD Lewis Holdings Inc.’s portfolio, making the stock its 27th biggest position. RD Lewis Holdings Inc.’s holdings in Linde were worth $1,518,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Bahl & Gaynor Inc. boosted its stake in Linde by 0.3% in the second quarter. Bahl & Gaynor Inc. now owns 8,259 shares of the basic materials company’s stock valued at $3,875,000 after acquiring an additional 28 shares during the last quarter. AlphaCore Capital LLC raised its position in shares of Linde by 63.9% during the 2nd quarter. AlphaCore Capital LLC now owns 1,634 shares of the basic materials company’s stock valued at $767,000 after acquiring an additional 637 shares during the last quarter. Mufg Securities Americas Inc. lifted its stake in shares of Linde by 23.8% in the 2nd quarter. Mufg Securities Americas Inc. now owns 10,432 shares of the basic materials company’s stock valued at $4,894,000 after purchasing an additional 2,004 shares during the period. AXQ Capital LP lifted its stake in shares of Linde by 20.8% in the 2nd quarter. AXQ Capital LP now owns 1,405 shares of the basic materials company’s stock valued at $659,000 after purchasing an additional 242 shares during the period. Finally, Journey Strategic Wealth LLC boosted its position in shares of Linde by 110.6% in the 2nd quarter. Journey Strategic Wealth LLC now owns 4,783 shares of the basic materials company’s stock worth $2,244,000 after purchasing an additional 2,512 shares during the last quarter. 82.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on LIN shares. Royal Bank Of Canada dropped their price objective on Linde from $576.00 to $540.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. UBS Group decreased their target price on Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Linde in a research note on Wednesday, October 8th. Seaport Res Ptn raised shares of Linde from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Finally, JPMorgan Chase & Co. decreased their price objective 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 analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $508.83.

Linde Stock Up 1.0%

Shares of Linde stock opened at $412.74 on Friday. Linde PLC has a 1 year low of $406.42 and a 1 year high of $486.38. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.93 and a quick ratio of 0.78. The company has a market capitalization of $192.73 billion, a P/E ratio of 29.36, a price-to-earnings-growth ratio of 2.85 and a beta of 0.91. The business has a 50-day moving average of $447.88 and a two-hundred day moving average of $461.09.

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. The business had revenue of $8.62 billion during the quarter, compared to analyst estimates of $8.62 billion. Linde had a return on equity of 19.09% and a net margin of 20.20%.Linde’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.94 EPS. Linde has set its FY 2025 guidance at 16.350-16.450 EPS. Q4 2025 guidance at 4.100-4.200 EPS. As a group, equities analysts predict that Linde PLC will post 16.54 EPS for the current year.

Linde Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Wednesday, December 3rd. Linde’s dividend payout ratio (DPR) is presently 40.19%.

Linde Company 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.