AMG National Trust Bank Buys 38 Shares of Linde PLC $LIN

AMG National Trust Bank grew its stake in Linde PLC (NASDAQ:LIN) by 1.3% in the 2nd quarter, Holdings Channel.com reports. The fund owned 3,037 shares of the basic materials company’s stock after purchasing an additional 38 shares during the quarter. AMG National Trust Bank’s holdings in Linde were worth $1,425,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Breakwater Capital Group grew its holdings in Linde by 2.3% during the second quarter. Breakwater Capital Group now owns 980 shares of the basic materials company’s stock worth $460,000 after purchasing an additional 22 shares during the period. Canopy Partners LLC grew its holdings in Linde by 2.9% during the second quarter. Canopy Partners LLC now owns 788 shares of the basic materials company’s stock worth $370,000 after purchasing an additional 22 shares during the period. Mitchell Sinkler & Starr PA grew its holdings in Linde by 1.9% during the second quarter. Mitchell Sinkler & Starr PA now owns 1,192 shares of the basic materials company’s stock worth $559,000 after purchasing an additional 22 shares during the period. Clarendon Private LLC grew its holdings in Linde by 1.0% during the second quarter. Clarendon Private LLC now owns 2,273 shares of the basic materials company’s stock worth $1,066,000 after purchasing an additional 22 shares during the period. Finally, Strategy Asset Managers LLC grew its holdings in Linde by 2.8% during the first quarter. Strategy Asset Managers LLC now owns 834 shares of the basic materials company’s stock worth $388,000 after purchasing an additional 23 shares during the period. Institutional investors own 82.80% of the company’s stock.

Linde Trading Down 2.6%

Shares of LIN stock opened at $418.68 on Friday. The firm has a 50 day moving average price of $465.40 and a two-hundred day moving average price of $464.39. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $196.32 billion, a PE ratio of 29.78, a price-to-earnings-growth ratio of 2.85 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 data 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. The firm had revenue of $8.62 billion during the quarter, compared to the consensus estimate of $8.62 billion. Linde had a net margin of 20.20% and a return on equity of 19.09%. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period last year, the business posted $3.94 earnings per share. 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, analysts predict that Linde PLC will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Wednesday, December 3rd. Linde’s payout ratio is presently 42.67%.

Insider Buying and Selling at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of Linde stock in a transaction that occurred on Thursday, August 7th. The shares were 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 directly owned 480,543 shares in the company, valued at approximately $227,479,445.34. The trade was a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on LIN. Citigroup lifted their price target on Linde from $530.00 to $535.00 and gave the stock a “buy” rating in a report on Monday, October 6th. JPMorgan Chase & Co. lifted their price target on Linde from $470.00 to $475.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. UBS Group cut their price objective on shares of Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Linde in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $521.60.

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.