Linde PLC $LIN Shares Sold by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB trimmed its holdings in Linde PLC (NASDAQ:LIN) by 5.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,455 shares of the basic materials company’s stock after selling 550 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Linde were worth $4,436,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. RFG Advisory LLC increased its holdings in shares of Linde by 28.6% in the 2nd quarter. RFG Advisory LLC now owns 1,106 shares of the basic materials company’s stock valued at $519,000 after acquiring an additional 246 shares during the period. Naviter Wealth LLC increased its holdings in shares of Linde by 3.0% in the 2nd quarter. Naviter Wealth LLC now owns 7,176 shares of the basic materials company’s stock valued at $3,367,000 after acquiring an additional 209 shares during the period. Cornerstone Wealth Group LLC increased its holdings in shares of Linde by 18.7% in the 2nd quarter. Cornerstone Wealth Group LLC now owns 769 shares of the basic materials company’s stock valued at $361,000 after acquiring an additional 121 shares during the period. Heartland Bank & Trust Co increased its holdings in shares of Linde by 100.2% in the 2nd quarter. Heartland Bank & Trust Co now owns 1,826 shares of the basic materials company’s stock valued at $857,000 after acquiring an additional 914 shares during the period. Finally, NorthRock Partners LLC increased its holdings in shares of Linde by 6.2% in the 2nd quarter. NorthRock Partners LLC now owns 4,402 shares of the basic materials company’s stock valued at $2,065,000 after acquiring an additional 257 shares during the period. 82.80% of the stock is owned by institutional investors and hedge funds.

Linde Price Performance

NASDAQ:LIN opened at $459.25 on Wednesday. The firm has a market cap of $215.35 billion, a price-to-earnings ratio of 32.66, a price-to-earnings-growth ratio of 3.02 and a beta of 0.93. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 0.49. The company’s 50-day moving average is $474.02 and its two-hundred day moving average is $464.46. Linde PLC has a 12-month low of $408.65 and a 12-month high of $487.49.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Friday, August 1st. The basic materials company reported $4.09 EPS for the quarter, beating analysts’ consensus estimates of $4.03 by $0.06. Linde had a net margin of 20.20% and a return on equity of 19.09%. The company had revenue of $8.50 billion during the quarter, compared to the consensus estimate of $8.35 billion. During the same quarter in the prior year, the company posted $3.85 EPS. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. Research analysts expect that Linde PLC will post 16.54 EPS for the current year.

Linde Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, September 4th. Linde’s dividend payout ratio is 42.67%.

Insider Transactions at Linde

In related news, Director Stephen F. Angel sold 50,309 shares of the stock in a transaction that occurred 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 completion of the sale, the director owned 480,543 shares of the company’s stock, valued at approximately $227,479,445.34. This represents a 9.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

LIN has been the topic of several recent research reports. UBS Group dropped their price objective on shares of Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. Citigroup boosted their price objective on shares of Linde from $530.00 to $535.00 and gave the company a “buy” rating in a research note on Monday, October 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Linde in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Linde from $470.00 to $475.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $520.00.

Linde 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.