American National Bank & Trust Buys 1,914 Shares of Linde PLC $LIN

Key Points

• American National Bank & Trust increased its stake in Linde PLC by 5.5% by purchasing an additional 1,914 shares, bringing its total holdings to 36,764 shares valued at approximately $17,249,000.
• During the 1st quarter, several institutional investors acquired new positions in Linde, with 82.80% of the stock being owned by institutional holders.
• Linde recently reported earnings of $4.09 EPS, exceeding analysts' expectations, alongside a 2.3% year-over-year revenue growth, highlighting strong financial performance.

American National Bank & Trust raised its stake in shares of Linde PLC (NASDAQ:LIN - Free Report) by 5.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 36,764 shares of the basic materials company's stock after purchasing an additional 1,914 shares during the period. Linde accounts for approximately 1.8% of American National Bank & Trust's investment portfolio, making the stock its 13th biggest position. American National Bank & Trust's holdings in Linde were worth $17,249,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. North Capital Inc. bought a new position in shares of Linde in the 1st quarter worth about $25,000. Abound Financial LLC bought a new position in shares of Linde in the 1st quarter worth about $41,000. eCIO Inc. bought a new position in shares of Linde in the 1st quarter worth about $45,000. Clal Insurance Enterprises Holdings Ltd raised its position in shares of Linde by 445.0% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company's stock worth $51,000 after acquiring an additional 89 shares in the last quarter. Finally, Nova Wealth Management Inc. bought a new position in shares of Linde in the 1st quarter worth about $52,000. 82.80% of the stock is owned by institutional investors.

Insider Transactions at Linde

In other Linde news, Director Stephen F. Angel sold 50,309 shares of Linde stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $473.38, for a total transaction of $23,815,274.42. Following the completion of 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.70% of the company's stock.

Wall Street Analyst Weigh In

LIN has been the subject of several research analyst reports. UBS Group lifted their price objective on Linde from $485.00 to $504.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 9th. Royal Bank Of Canada began coverage on Linde in a research report on Friday, June 13th. They issued an "outperform" rating and a $576.00 target price for the company. Citigroup raised Linde from a "neutral" rating to a "buy" rating and boosted their target price for the company from $500.00 to $535.00 in a research report on Monday, June 30th. Finally, JPMorgan Chase & Co. boosted their target price on Linde from $470.00 to $475.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $519.63.

Linde Price Performance

LIN stock opened at $473.78 on Friday. The company has a market capitalization of $222.16 billion, a P/E ratio of 33.70, a price-to-earnings-growth ratio of 3.13 and a beta of 0.95. 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 52-week low of $408.65 and a 52-week high of $487.49. The business has a 50-day simple moving average of $474.43 and a two-hundred day simple moving average of $463.66.

Linde (NASDAQ:LIN - Get Free Report) 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 analysts' consensus estimates of $4.03 by $0.06. The business had revenue of $8.50 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.85 EPS. 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 fiscal year.

Linde Announces Dividend

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

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.

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