WASHINGTON TRUST Co Has $304,000 Stock Position in Linde PLC $LIN

WASHINGTON TRUST Co raised its holdings in shares of Linde PLC (NASDAQ:LIN) by 228.4% in the second quarter, Holdings Channel reports. The institutional investor owned 647 shares of the basic materials company’s stock after buying an additional 450 shares during the quarter. WASHINGTON TRUST Co’s holdings in Linde were worth $304,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of LIN. eCIO Inc. bought a new position in Linde during the first quarter worth $45,000. Clal Insurance Enterprises Holdings Ltd increased its holdings in Linde by 445.0% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company’s stock valued at $51,000 after buying an additional 89 shares during the period. Nova Wealth Management Inc. acquired a new position in shares of Linde in the 1st quarter valued at $52,000. Costello Asset Management INC bought a new position in shares of Linde during the 1st quarter worth about $54,000. Finally, Activest Wealth Management boosted its position 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 valued at $55,000 after acquiring an additional 116 shares in the last quarter. 82.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

LIN has been the topic of a number of research analyst reports. UBS Group decreased their price target on Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. 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. JPMorgan Chase & Co. decreased their price target on Linde from $475.00 to $455.00 and set an “overweight” rating for the company in a research report on Monday, November 3rd. Sanford C. Bernstein reissued an “outperform” rating and issued a $516.00 target price on shares of Linde in a research note on Monday, November 3rd. Finally, Royal Bank Of Canada reduced their price objective on Linde from $576.00 to $540.00 and set an “outperform” rating for the company in a research report on Thursday, November 6th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $508.83.

Linde Stock Performance

Shares of NASDAQ:LIN opened at $428.64 on Friday. The firm’s 50 day simple moving average is $455.19 and its 200-day simple moving average is $462.60. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.78 and a current ratio of 0.93. Linde PLC has a one year low of $408.65 and a one year high of $486.38. The firm has a market cap of $200.15 billion, a PE ratio of 30.49, a price-to-earnings-growth ratio of 2.85 and a beta of 0.91.

Linde (NASDAQ:LIN) last posted its quarterly earnings results on Friday, October 31st. The basic materials company reported $4.21 EPS for the quarter, beating the consensus estimate of $4.18 by $0.03. The business had revenue of $8.62 billion during the quarter, compared to analyst estimates of $8.62 billion. Linde had a net margin of 20.20% and a return on equity of 19.09%. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.94 EPS. 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, equities analysts predict that Linde PLC will post 16.54 EPS for the current 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 given a $1.50 dividend. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $6.00 dividend on an annualized basis and a yield of 1.4%. Linde’s payout ratio is presently 40.19%.

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.