Iowa State Bank Sells 102 Shares of Linde PLC $LIN

Iowa State Bank cut its stake in Linde PLC (NASDAQ:LIN) by 1.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,383 shares of the basic materials company’s stock after selling 102 shares during the period. Iowa State Bank’s holdings in Linde were worth $2,526,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Duncan Williams Asset Management LLC lifted its holdings in shares of Linde by 21.5% during the second quarter. Duncan Williams Asset Management LLC now owns 2,135 shares of the basic materials company’s stock valued at $1,002,000 after purchasing an additional 378 shares during the last quarter. Valeo Financial Advisors LLC raised its stake in Linde by 5.2% during the second quarter. Valeo Financial Advisors LLC now owns 4,365 shares of the basic materials company’s stock valued at $2,048,000 after buying an additional 214 shares during the last quarter. Knights of Columbus Asset Advisors LLC boosted its holdings in Linde by 0.8% in the second quarter. Knights of Columbus Asset Advisors LLC now owns 26,993 shares of the basic materials company’s stock worth $12,665,000 after acquiring an additional 209 shares in the last quarter. Plimoth Trust Co. LLC grew its stake in shares of Linde by 0.4% in the second quarter. Plimoth Trust Co. LLC now owns 6,814 shares of the basic materials company’s stock worth $3,197,000 after acquiring an additional 28 shares during the last quarter. Finally, Global Assets Advisory LLC purchased a new stake in shares of Linde in the second quarter worth $441,000. Institutional investors own 82.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Royal Bank Of Canada started coverage on shares of Linde in a research note on Friday, June 13th. They set an “outperform” rating and a $576.00 price objective for the company. JPMorgan Chase & Co. upped their price objective on Linde from $470.00 to $475.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Linde in a research report on Saturday, September 27th. UBS Group boosted their target price on Linde from $485.00 to $504.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 9th. Finally, Citigroup upgraded shares of Linde from a “neutral” rating to a “buy” rating and raised their target price for the stock from $500.00 to $535.00 in a report on Monday, June 30th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $519.63.

Linde Trading Down 0.6%

Shares of Linde stock opened at $466.73 on Monday. Linde PLC has a 1-year low of $408.65 and a 1-year high of $487.49. The company’s fifty day simple moving average is $474.57 and its 200-day simple moving average is $464.39. 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 has a market capitalization of $218.85 billion, a PE ratio of 33.20, a P/E/G ratio of 3.08 and a beta of 0.93.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.03 by $0.06. Linde had a return on equity of 19.09% and a net margin of 20.20%.The business had revenue of $8.50 billion during the quarter, compared to analyst estimates of $8.35 billion. During the same quarter in the previous year, the company posted $3.85 earnings per share. Linde’s revenue for the quarter 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. As a group, equities analysts anticipate that Linde PLC will post 16.54 earnings per share for the current 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 issued a dividend of $1.50 per share. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $6.00 annualized dividend and a yield of 1.3%. Linde’s payout ratio is currently 42.67%.

Insider Activity

In related news, Director Stephen F. Angel sold 50,309 shares of Linde stock in a transaction 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 transaction, the director owned 480,543 shares in the company, valued at approximately $227,479,445.34. The trade was a 9.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.70% of the stock is currently owned by company 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.