Spinnaker Trust Acquires 289 Shares of Linde PLC $LIN

Spinnaker Trust grew its holdings in shares of Linde PLC (NASDAQ:LIN) by 9.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,204 shares of the basic materials company’s stock after buying an additional 289 shares during the quarter. Spinnaker Trust’s holdings in Linde were worth $1,503,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Brighton Jones LLC purchased a new stake in shares of Linde in the fourth quarter valued at approximately $2,752,000. Revolve Wealth Partners LLC boosted its holdings in shares of Linde by 14.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company’s stock valued at $325,000 after purchasing an additional 96 shares during the period. DAVENPORT & Co LLC boosted its holdings in shares of Linde by 145.3% in the first quarter. DAVENPORT & Co LLC now owns 30,934 shares of the basic materials company’s stock valued at $14,404,000 after purchasing an additional 18,323 shares during the period. Fedenia Advisers LLC boosted its holdings in shares of Linde by 48.6% in the first quarter. Fedenia Advisers LLC now owns 1,900 shares of the basic materials company’s stock valued at $885,000 after purchasing an additional 621 shares during the period. Finally, WCM Investment Management LLC boosted its holdings in shares of Linde by 0.3% in the first quarter. WCM Investment Management LLC now owns 3,339,761 shares of the basic materials company’s stock valued at $1,533,318,000 after purchasing an additional 9,870 shares during the period. Institutional investors own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on LIN. Weiss Ratings reiterated a “buy (b)” rating on shares of Linde in a report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their price target on Linde from $470.00 to $475.00 and gave the company an “overweight” rating in a report on Monday, August 4th. UBS Group lowered their price target on Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Finally, Citigroup boosted their price target on Linde from $530.00 to $535.00 and gave the company a “buy” rating in a report on Monday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $520.00.

Linde Trading Down 2.4%

LIN opened at $432.01 on Thursday. The firm has a market cap of $202.57 billion, a price-to-earnings ratio of 30.73, a PEG ratio of 2.92 and a beta of 0.93. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 0.49. Linde PLC has a 12 month low of $408.65 and a 12 month high of $486.38. The stock has a fifty day moving average price of $467.68 and a 200-day moving average price of $464.82.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Friday, August 1st. The basic materials company reported $4.09 EPS for the quarter, topping the consensus estimate of $4.03 by $0.06. The firm had revenue of $8.50 billion during the quarter, compared to analyst estimates of $8.35 billion. Linde had a return on equity of 19.09% and a net margin of 20.20%.The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company posted $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. As a group, equities research analysts anticipate that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be given a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Wednesday, December 3rd. Linde’s payout ratio is presently 42.67%.

Insider Activity at Linde

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

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.