Whittier Trust Co. Purchases 5,744 Shares of Linde PLC $LIN

Whittier Trust Co. raised its position in Linde PLC (NASDAQ:LIN) by 5.1% in the 2nd quarter, Holdings Channel reports. The firm owned 119,283 shares of the basic materials company’s stock after buying an additional 5,744 shares during the period. Linde accounts for approximately 0.7% of Whittier Trust Co.’s investment portfolio, making the stock its 29th biggest holding. Whittier Trust Co.’s holdings in Linde were worth $55,963,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of LIN. North Capital Inc. bought a new stake in shares of Linde during the first quarter worth $25,000. Abound Financial LLC bought a new stake in shares of Linde during the first quarter worth $41,000. eCIO Inc. bought a new stake in shares of Linde during the first quarter worth $45,000. Clal Insurance Enterprises Holdings Ltd increased its position in shares of Linde by 445.0% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company’s stock worth $51,000 after acquiring an additional 89 shares in the last quarter. Finally, Nova Wealth Management Inc. bought a new stake in shares of Linde during the first quarter worth $52,000. Institutional investors own 82.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LIN. JPMorgan Chase & Co. increased their price objective on shares of Linde from $470.00 to $475.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Weiss Ratings reissued a “buy (b)” rating on shares of Linde in a research report on Wednesday, October 8th. Citigroup increased their price objective on shares of Linde from $530.00 to $535.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Finally, UBS Group lowered their price objective on shares of Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Two investment 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 stock. According to data from MarketBeat.com, Linde has an average rating of “Buy” and a consensus target price of $520.00.

Linde Stock Up 0.1%

Linde stock opened at $451.56 on Tuesday. The company has a market cap of $211.74 billion, a P/E ratio of 32.12, a price-to-earnings-growth ratio of 2.98 and a beta of 0.93. Linde PLC has a 1-year low of $408.65 and a 1-year high of $486.38. The company has a fifty day simple moving average of $472.31 and a 200 day simple moving average of $464.14. 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 (NASDAQ:LIN) last released its earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share for the quarter, beating analysts’ consensus estimates of $4.03 by $0.06. The business had revenue of $8.50 billion during the quarter, compared to the consensus estimate of $8.35 billion. Linde had a net margin of 20.20% and a return on equity of 19.09%. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter last year, the firm earned $3.85 earnings per share. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. Research analysts anticipate that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were paid a $1.50 dividend. The ex-dividend date was Thursday, September 4th. This represents a $6.00 dividend on an annualized basis and a yield of 1.3%. Linde’s dividend payout ratio (DPR) is currently 42.67%.

Insider Buying and Selling

In other Linde news, Director Stephen F. Angel sold 50,309 shares of the stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $473.38, for a total value of $23,815,274.42. Following the completion of the sale, 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 sale was disclosed in a legal filing with the SEC, which is available through this link. 0.70% of the stock is currently owned by corporate insiders.

Linde Company 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.