Linde PLC $LIN Shares Sold by Trust Investment Advisors

Trust Investment Advisors decreased its holdings in Linde PLC (NASDAQ:LIN) by 6.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,918 shares of the basic materials company’s stock after selling 123 shares during the quarter. Trust Investment Advisors’ holdings in Linde were worth $900,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC acquired a new stake in Linde in the fourth quarter valued at $2,752,000. Revolve Wealth Partners LLC raised its stake in shares of Linde by 14.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company’s stock valued at $325,000 after purchasing an additional 96 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its position in shares of Linde by 9.3% during the first quarter. Creative Financial Designs Inc. ADV now owns 329 shares of the basic materials company’s stock worth $153,000 after purchasing an additional 28 shares during the last quarter. Sovran Advisors LLC lifted its position in shares of Linde by 46.4% during the first quarter. Sovran Advisors LLC now owns 1,214 shares of the basic materials company’s stock worth $549,000 after purchasing an additional 385 shares during the last quarter. Finally, Essex Financial Services Inc. grew its stake in Linde by 2.8% in the first quarter. Essex Financial Services Inc. now owns 3,302 shares of the basic materials company’s stock worth $1,538,000 after purchasing an additional 89 shares in the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of the company’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $473.38, for a total value of $23,815,274.42. Following the completion of the sale, the director owned 480,543 shares in the company, valued at $227,479,445.34. This represents a 9.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.70% of the company’s stock.

Linde Stock Performance

Shares of NASDAQ LIN opened at $444.82 on Tuesday. The stock has a 50 day simple moving average of $469.43 and a 200-day simple moving average of $464.82. 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 has a market cap of $208.58 billion, a PE ratio of 31.64, a P/E/G ratio of 2.94 and a beta of 0.93. Linde PLC has a 12-month low of $408.65 and a 12-month high of $486.38.

Linde (NASDAQ:LIN) last issued its quarterly earnings results 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. The company had revenue of $8.50 billion for the quarter, compared to analyst estimates of $8.35 billion. Linde had a return on equity of 19.09% and a net margin of 20.20%.The company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the company earned $3.85 earnings per share. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. On average, equities research analysts forecast that Linde PLC will post 16.54 EPS for the current year.

Linde Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd will be paid 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 is Wednesday, December 3rd. Linde’s dividend payout ratio (DPR) is presently 42.67%.

Analyst Ratings Changes

Several analysts have issued reports on LIN shares. Citigroup upped their price objective on 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 report on Wednesday, October 8th. UBS Group reduced their price objective on Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. Finally, JPMorgan Chase & Co. boosted their target price 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 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 stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price 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.