Linde PLC $LIN Shares Sold by Camden National Bank

Camden National Bank lowered its stake in Linde PLC (NASDAQ:LIN) by 1.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,684 shares of the basic materials company’s stock after selling 489 shares during the period. Linde accounts for 2.1% of Camden National Bank’s holdings, making the stock its 11th biggest position. Camden National Bank’s holdings in Linde were worth $14,865,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in LIN. Bartlett & CO. Wealth Management LLC raised its position in shares of Linde by 1.3% in the second quarter. Bartlett & CO. Wealth Management LLC now owns 249,742 shares of the basic materials company’s stock worth $117,174,000 after acquiring an additional 3,230 shares during the period. Markel Group Inc. grew its position in shares of Linde by 3.1% during the 2nd quarter. Markel Group Inc. now owns 186,600 shares of the basic materials company’s stock valued at $87,549,000 after acquiring an additional 5,600 shares during the period. Destiny Wealth Partners LLC purchased a new position in shares of Linde in the 2nd quarter valued at about $465,000. Meiji Yasuda Asset Management Co Ltd. raised its holdings in Linde by 25.9% in the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 23,558 shares of the basic materials company’s stock worth $10,970,000 after purchasing an additional 4,839 shares during the period. Finally, Ethos Financial Group LLC acquired a new position in Linde in the 1st quarter worth about $345,000. 82.80% of the stock is owned by hedge funds and other institutional investors.

Linde Stock Up 1.0%

Shares of LIN opened at $412.74 on Friday. 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 market capitalization of $192.73 billion, a PE ratio of 29.36, a P/E/G ratio of 2.85 and a beta of 0.91. The company’s 50-day simple moving average is $447.88 and its 200-day simple moving average is $461.09. Linde PLC has a 1 year low of $406.42 and a 1 year high of $486.38.

Linde (NASDAQ:LIN) last released its earnings results on Friday, October 31st. The basic materials company reported $4.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.18 by $0.03. Linde had a net margin of 20.20% and a return on equity of 19.09%. The company had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.62 billion. During the same period in the prior year, the business earned $3.94 EPS. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. Linde has set its FY 2025 guidance at 16.350-16.450 EPS. Q4 2025 guidance at 4.100-4.200 EPS. Analysts forecast that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd will be issued a dividend of $1.50 per share. The ex-dividend date is Wednesday, December 3rd. This represents a $6.00 annualized dividend and a yield of 1.5%. Linde’s dividend payout ratio is 40.19%.

Wall Street Analyst Weigh In

Several analysts have commented on the company. UBS Group dropped their price objective on Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Linde in a research report on Wednesday, October 8th. Citigroup cut their price target on shares of Linde from $535.00 to $520.00 and set a “buy” rating for the company in a report on Monday, November 3rd. Royal Bank Of Canada decreased their price objective on shares of Linde from $576.00 to $540.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Linde from $475.00 to $455.00 and set an “overweight” rating on the stock in a research report on Monday, November 3rd. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $508.83.

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.