Central Pacific Bank Trust Division Purchases 752 Shares of Linde PLC $LIN

Key Points

• Central Pacific Bank Trust Division increased its stake in Linde PLC by 310.7%, acquiring 752 additional shares, bringing its total holdings to 994 shares valued at $466,000.
• Director Stephen F. Angel sold 50,309 shares of Linde for approximately $23.8 million, reducing his ownership by 9.48%.
• Linde reported a quarterly EPS of $4.09, exceeding analyst expectations, with a revenue of $8.50 billion, marking a 2.3% year-over-year increase.

Central Pacific Bank Trust Division grew its position in shares of Linde PLC (NASDAQ:LIN - Free Report) by 310.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 994 shares of the basic materials company's stock after buying an additional 752 shares during the period. Central Pacific Bank Trust Division's holdings in Linde were worth $466,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in LIN. Brighton Jones LLC bought a new position in shares of Linde in the fourth quarter worth $2,752,000. Revolve Wealth Partners LLC increased its position in shares of Linde by 14.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company's stock worth $325,000 after purchasing an additional 96 shares during the period. Bank Pictet & Cie Europe AG increased its position in shares of Linde by 2.8% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 68,460 shares of the basic materials company's stock worth $28,662,000 after purchasing an additional 1,876 shares during the period. Focus Partners Advisor Solutions LLC increased its position in shares of Linde by 80.4% in the fourth quarter. Focus Partners Advisor Solutions LLC now owns 2,253 shares of the basic materials company's stock worth $943,000 after purchasing an additional 1,004 shares during the period. Finally, Silvercrest Asset Management Group LLC increased its position in shares of Linde by 0.7% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 47,377 shares of the basic materials company's stock worth $19,835,000 after purchasing an additional 331 shares during the period. Institutional investors own 82.80% of the company's stock.

Insider Activity at Linde

In other 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 sale, the director directly owned 480,543 shares of the company's stock, valued at approximately $227,479,445.34. This trade represents a 9.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.70% of the company's stock.

Wall Street Analyst Weigh In

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

Linde Stock Performance

NASDAQ:LIN opened at $482.04 on Friday. The stock's 50-day simple moving average is $472.66 and its 200 day simple moving average is $462.91. The firm has a market capitalization of $226.03 billion, a PE ratio of 34.28, a price-to-earnings-growth ratio of 3.19 and a beta of 0.95. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 0.49. Linde PLC has a twelve month low of $408.65 and a twelve month high of $487.49.

Linde (NASDAQ:LIN - Get Free Report) last announced 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. Linde had a return on equity of 19.09% and a net margin of 20.20%.The firm had revenue of $8.50 billion for the quarter, compared to analyst estimates of $8.35 billion. During the same period last year, the firm posted $3.85 earnings per share. The business'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. On average, analysts anticipate that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, September 4th. Linde's dividend payout ratio (DPR) is presently 42.67%.

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.

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