Davidson Trust Co. Sells 49 Shares of Linde PLC $LIN

Davidson Trust Co. lowered its holdings in shares of Linde PLC (NASDAQ:LIN) by 2.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 1,891 shares of the basic materials company’s stock after selling 49 shares during the period. Davidson Trust Co.’s holdings in Linde were worth $887,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Sagespring Wealth Partners LLC boosted its stake in Linde by 5.1% during the second quarter. Sagespring Wealth Partners LLC now owns 5,323 shares of the basic materials company’s stock worth $2,498,000 after acquiring an additional 256 shares in the last quarter. Boston Trust Walden Corp boosted its stake in Linde by 7.0% during the second quarter. Boston Trust Walden Corp now owns 6,115 shares of the basic materials company’s stock worth $2,869,000 after acquiring an additional 399 shares in the last quarter. TD Asset Management Inc boosted its stake in Linde by 8.1% during the second quarter. TD Asset Management Inc now owns 401,859 shares of the basic materials company’s stock worth $188,544,000 after acquiring an additional 30,049 shares in the last quarter. RFG Advisory LLC boosted its stake in Linde by 28.6% during the second quarter. RFG Advisory LLC now owns 1,106 shares of the basic materials company’s stock worth $519,000 after acquiring an additional 246 shares in the last quarter. Finally, Naviter Wealth LLC boosted its stake in Linde by 3.0% during the second quarter. Naviter Wealth LLC now owns 7,176 shares of the basic materials company’s stock worth $3,367,000 after acquiring an additional 209 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.

Insider Buying and Selling at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of the business’s stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $473.38, for a total transaction of $23,815,274.42. Following the completion of the transaction, the director directly owned 480,543 shares of the company’s stock, valued at $227,479,445.34. The trade was a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.70% of the stock is owned by insiders.

Analyst Ratings Changes

LIN has been the topic of several research reports. UBS Group dropped their price objective on shares of Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. Citigroup upped their target price on shares of Linde from $530.00 to $535.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. JPMorgan Chase & Co. upped their target price on shares of Linde from $470.00 to $475.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Linde in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $520.00.

Linde Stock Up 0.6%

LIN opened at $459.25 on Wednesday. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 0.49. The firm has a 50 day moving average price of $474.02 and a 200-day moving average price of $464.46. Linde PLC has a twelve month low of $408.65 and a twelve month high of $487.49. The stock has a market capitalization of $215.35 billion, a price-to-earnings ratio of 32.66, a PEG ratio of 3.02 and a beta of 0.93.

Linde (NASDAQ:LIN) last released its quarterly earnings data 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 net margin of 20.20% and a return on equity of 19.09%. The firm had revenue of $8.50 billion during the quarter, compared to analysts’ expectations of $8.35 billion. During the same period in the previous year, the company earned $3.85 earnings per share. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. Equities research analysts forecast that Linde PLC will post 16.54 earnings per share for the current year.

Linde Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Thursday, September 4th. Linde’s payout ratio is presently 42.67%.

About Linde

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.