CNB Bank Has $277,000 Stock Position in Linde PLC $LIN

CNB Bank lessened its stake in Linde PLC (NASDAQ:LIN) by 29.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 590 shares of the basic materials company’s stock after selling 251 shares during the quarter. CNB Bank’s holdings in Linde were worth $277,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of LIN. North Capital Inc. bought a new stake in shares of Linde during the first quarter worth about $25,000. Abound Financial LLC purchased a new stake in Linde in the 1st quarter worth about $41,000. eCIO Inc. purchased a new stake in Linde in the 1st quarter worth about $45,000. Clal Insurance Enterprises Holdings Ltd grew its holdings 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 buying an additional 89 shares in the last quarter. Finally, Nova Wealth Management Inc. purchased a new position in Linde during the 1st quarter valued at about $52,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insider Transactions at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director owned 480,543 shares in the company, valued at $227,479,445.34. This trade represents a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

LIN has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price objective on shares of Linde from $470.00 to $475.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. 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, October 6th. Weiss Ratings restated a “buy (b)” rating on shares of Linde in a report on Wednesday, October 8th. Finally, UBS Group dropped their price objective on Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Linde has an average rating of “Buy” and a consensus target price of $520.00.

Linde Price Performance

Shares of Linde stock opened at $446.00 on Friday. The stock has a market cap of $209.13 billion, a price-to-earnings ratio of 31.72, a price-to-earnings-growth ratio of 2.97 and a beta of 0.93. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.78 and a current ratio of 0.93. The stock has a 50 day moving average price of $470.10 and a 200-day moving average price of $464.34. Linde PLC has a one year low of $408.65 and a one year high of $486.38.

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

Linde Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were paid a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Thursday, September 4th. Linde’s payout ratio is currently 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.