Bryn Mawr Trust Advisors LLC Acquires 221 Shares of Linde PLC $LIN

Bryn Mawr Trust Advisors LLC boosted its holdings in shares of Linde PLC (NASDAQ:LIN) by 33.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 889 shares of the basic materials company’s stock after buying an additional 221 shares during the quarter. Bryn Mawr Trust Advisors LLC’s holdings in Linde were worth $417,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. eCIO Inc. bought a new stake in Linde in the 1st quarter valued at $45,000. Clal Insurance Enterprises Holdings Ltd raised its position in shares of Linde by 445.0% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company’s stock valued at $51,000 after purchasing an additional 89 shares during the period. Nova Wealth Management Inc. bought a new position in shares of Linde in the first quarter valued at about $52,000. Costello Asset Management INC acquired a new stake in shares of Linde during the 1st quarter worth about $54,000. Finally, Activest Wealth Management boosted its holdings in shares of Linde by 5,800.0% during the 1st quarter. Activest Wealth Management now owns 118 shares of the basic materials company’s stock worth $55,000 after buying an additional 116 shares during the period. 82.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LIN has been the topic of several research analyst reports. Seaport Res Ptn raised shares of Linde from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. UBS Group decreased their target price on Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. JPMorgan Chase & Co. dropped their price target on Linde from $475.00 to $455.00 and set an “overweight” rating for the company in a report on Monday, November 3rd. Royal Bank Of Canada decreased their price objective on Linde from $576.00 to $540.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, Citigroup lowered their price objective on Linde from $535.00 to $520.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $508.83.

Linde Price Performance

Linde stock opened at $420.51 on Friday. The firm has a market cap of $196.36 billion, a PE ratio of 29.91, a price-to-earnings-growth ratio of 2.85 and a beta of 0.91. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.93 and a quick ratio of 0.78. The stock’s fifty day moving average price is $459.02 and its two-hundred day moving average price is $463.32. Linde PLC has a one year low of $408.65 and a one 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 the consensus estimate of $4.18 by $0.03. Linde had a return on equity of 19.09% and a net margin of 20.20%.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 firm posted $3.94 EPS. Linde’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. As a group, research analysts expect that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd will be issued a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Wednesday, December 3rd. Linde’s dividend payout ratio (DPR) is currently 40.19%.

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.