Davis R M Inc. Sells 1,864 Shares of Linde plc (NASDAQ:LIN)

11 Mar 2025, 12:40 by Doug Wharley · The Cerbat Gem

Davis R M Inc. decreased its position in shares of Linde plc (NASDAQ:LIN – Free Report) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 152,524 shares of the basic materials company’s stock after selling 1,864 shares during the quarter. Linde comprises approximately 1.2% of Davis R M Inc.’s investment portfolio, making the stock its 25th largest position. Davis R M Inc.’s holdings in Linde were worth $63,857,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Helios Capital Management PTE. Ltd. increased its stake in shares of Linde by 85.2% in the 4th quarter. Helios Capital Management PTE. Ltd. now owns 2,500 shares of the basic materials company’s stock valued at $1,047,000 after acquiring an additional 1,150 shares in the last quarter. Channel Wealth LLC increased its stake in shares of Linde by 30.4% in the 4th quarter. Channel Wealth LLC now owns 7,385 shares of the basic materials company’s stock valued at $3,092,000 after acquiring an additional 1,723 shares in the last quarter. M&T Bank Corp increased its stake in shares of Linde by 6.7% in the 3rd quarter. M&T Bank Corp now owns 79,472 shares of the basic materials company’s stock valued at $37,898,000 after acquiring an additional 5,021 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of Linde by 2.2% in the 4th quarter. Nordea Investment Management AB now owns 2,145,643 shares of the basic materials company’s stock valued at $898,188,000 after acquiring an additional 46,843 shares in the last quarter. Finally, SYM FINANCIAL Corp bought a new stake in shares of Linde in the 4th quarter valued at $625,000. Institutional investors own 82.80% of the company’s stock.

Insider Buying and Selling at Linde

In other news, VP Juergen Nowicki sold 6,782 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $459.62, for a total transaction of $3,117,142.84. Following the sale, the vice president now directly owns 14,765 shares in the company, valued at $6,786,289.30. This represents a 31.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP David P. Strauss sold 2,218 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $434.35, for a total value of $963,388.30. Following the sale, the vice president now owns 25,926 shares in the company, valued at approximately $11,260,958.10. This represents a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,377 shares of company stock valued at $6,567,231 over the last three months. 0.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Citigroup lowered their price objective on shares of Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research note on Wednesday, December 18th. Erste Group Bank restated a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Finally, TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and boosted their price target for the company from $480.00 to $515.00 in a research note on Monday, January 13th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $501.82.

Check Out Our Latest Research Report on LIN

Linde Price Performance

Shares of NASDAQ:LIN opened at $462.06 on Tuesday. The company’s 50-day moving average is $445.68 and its 200 day moving average is $455.24. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.76 and a current ratio of 0.89. The company has a market capitalization of $218.51 billion, a P/E ratio of 33.95, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. Linde plc has a fifty-two week low of $410.69 and a fifty-two week high of $487.49.

Linde (NASDAQ:LIN – Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share for the quarter, topping analysts’ consensus estimates of $3.93 by $0.04. Linde had a net margin of 19.89% and a return on equity of 18.71%. On average, equities research analysts forecast that Linde plc will post 16.54 earnings per share for the current year.

Linde Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued a dividend of $1.50 per share. The ex-dividend date is Thursday, March 13th. This is an increase from Linde’s previous quarterly dividend of $1.39. This represents a $6.00 annualized dividend and a yield of 1.30%. Linde’s dividend payout ratio is 44.09%.

Linde Company Profile

(Free Report)