Linde PLC $LIN Stake Lessened by US Bancorp DE

US Bancorp DE lowered its holdings in Linde PLC (NASDAQ:LIN) by 0.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 333,856 shares of the basic materials company’s stock after selling 1,722 shares during the period. US Bancorp DE’s holdings in Linde were worth $156,641,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. North Capital Inc. purchased a new stake in shares of Linde in the first quarter valued at $25,000. Abound Financial LLC purchased a new stake in shares of Linde in the first quarter valued at $41,000. eCIO Inc. purchased a new stake in shares of Linde in the first quarter valued at $45,000. Clal Insurance Enterprises Holdings Ltd lifted its holdings in shares of Linde by 445.0% in the first 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 in the last quarter. Finally, Nova Wealth Management Inc. purchased a new stake in shares of Linde in the first quarter valued at $52,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Royal Bank Of Canada assumed coverage on Linde in a report on Friday, June 13th. They set an “outperform” rating and a $576.00 price objective for the company. Citigroup increased their price objective on Linde from $530.00 to $535.00 and gave the stock a “buy” rating in a report on Monday. JPMorgan Chase & Co. increased their price objective on Linde from $470.00 to $475.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Weiss Ratings reiterated a “buy (b)” rating on shares of Linde in a report on Wednesday. Finally, UBS Group cut their price objective on Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a report on Monday. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $520.00.

Insiders Place Their Bets

In other news, Director Stephen F. Angel sold 50,309 shares of the firm’s stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $473.38, for a total value of $23,815,274.42. Following the sale, the director directly owned 480,543 shares of the company’s stock, valued at approximately $227,479,445.34. This trade represents a 9.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.70% of the stock is currently owned by company insiders.

Linde Price Performance

NASDAQ LIN opened at $467.83 on Thursday. Linde PLC has a fifty-two week low of $408.65 and a fifty-two week high of $487.49. The stock’s 50-day moving average is $474.60 and its two-hundred day moving average is $464.52. 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 firm has a market cap of $219.37 billion, a P/E ratio of 33.27, a price-to-earnings-growth ratio of 3.11 and a beta of 0.93.

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

Linde Dividend Announcement

The business also recently announced 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. This represents a $6.00 annualized dividend and a yield of 1.3%. The ex-dividend date was Thursday, September 4th. Linde’s dividend payout ratio (DPR) is 42.67%.

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.