Glenview Trust Co Cuts Stock Position in Linde PLC $LIN

Key Points

• Glenview Trust Co cut its Linde stake by 39.2% in the fourth quarter, selling 4,686 shares and leaving it with 7,283 shares worth about $3.1 million.
• Insiders also sold shares: VP Guillermo Bichara and EVP Sean Durbin both reduced their positions in March, with Durbin’s sale representing a 44.44% decrease in his holdings.
• Linde reported strong results and remains well regarded by analysts, beating quarterly EPS and revenue estimates, raising guidance, and earning a consensus Buy rating with an average price target of $540.

Glenview Trust Co reduced its position in Linde PLC (NASDAQ:LIN - Free Report) by 39.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,283 shares of the basic materials company's stock after selling 4,686 shares during the quarter. Glenview Trust Co's holdings in Linde were worth $3,105,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. S.E.E.D. Planning Group LLC boosted its holdings in Linde by 8.9% during the 4th quarter. S.E.E.D. Planning Group LLC now owns 27,341 shares of the basic materials company's stock valued at $11,658,000 after acquiring an additional 2,234 shares during the period. Caprock Group LLC purchased a new position in Linde in the 3rd quarter worth approximately $4,243,000. Temasek Holdings Private Ltd lifted its position in Linde by 45.5% in the third quarter. Temasek Holdings Private Ltd now owns 236,206 shares of the basic materials company's stock valued at $112,198,000 after purchasing an additional 73,850 shares during the last quarter. Boston Trust Walden Corp lifted its position in Linde by 143.4% in the fourth quarter. Boston Trust Walden Corp now owns 15,044 shares of the basic materials company's stock valued at $6,415,000 after purchasing an additional 8,863 shares during the last quarter. Finally, National Pension Service boosted its stake in shares of Linde by 2.6% during the third quarter. National Pension Service now owns 967,516 shares of the basic materials company's stock valued at $459,570,000 after purchasing an additional 24,624 shares during the period. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Linde news, VP Guillermo Bichara sold 4,357 shares of the company's stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $480.79, for a total transaction of $2,094,802.03. Following the completion of the transaction, the vice president owned 22,138 shares of the company's stock, valued at $10,643,729.02. This represents a 16.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Sean Durbin sold 6,520 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $477.27, for a total value of $3,111,800.40. Following the completion of the transaction, the executive vice president directly owned 8,151 shares of the company's stock, valued at $3,890,227.77. This represents a 44.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.30% of the company's stock.

Wall Street Analysts Forecast Growth

LIN has been the topic of several recent analyst reports. Royal Bank Of Canada raised their target price on shares of Linde from $552.00 to $570.00 and gave the stock an "outperform" rating in a report on Tuesday, May 5th. Citigroup raised their target price on shares of Linde from $580.00 to $585.00 and gave the stock a "buy" rating in a report on Monday, May 4th. UBS Group raised their target price on shares of Linde from $550.00 to $579.00 and gave the stock a "buy" rating in a report on Thursday, April 9th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $575.00 target price on shares of Linde in a report on Monday, May 4th. Finally, Erste Group Bank upgraded shares of Linde from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $540.00.

Linde Stock Performance

LIN opened at $517.58 on Tuesday. The business has a 50 day simple moving average of $500.32 and a two-hundred day simple moving average of $463.17. The firm has a market capitalization of $239.30 billion, a price-to-earnings ratio of 34.37, a PEG ratio of 3.25 and a beta of 0.73. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.69. Linde PLC has a one year low of $387.78 and a one year high of $521.28.

Linde (NASDAQ:LIN - Get Free Report) last released its quarterly earnings results on Friday, May 1st. The basic materials company reported $4.33 EPS for the quarter, beating analysts' consensus estimates of $4.27 by $0.06. The business had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.60 billion. Linde had a return on equity of 19.80% and a net margin of 20.44%.Linde's quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.95 EPS. Linde has set its FY 2026 guidance at 17.600-17.900 EPS and its Q2 2026 guidance at 4.400-4.500 EPS. Analysts predict that Linde PLC will post 17.86 EPS for the current year.

Linde Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be given a dividend of $1.60 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $6.40 dividend on an annualized basis and a yield of 1.2%. Linde's dividend payout ratio is presently 42.50%.

Linde Profile

Linde NASDAQ: LIN is a multinational industrial gases and engineering company that supplies gases, related technologies and services to a wide range of industries. The company traces its current form to the 2018 combination of Germany's Linde AG and U.S.-based Praxair, creating one of the largest global providers of industrial, specialty and medical gases. Linde's business model centers on production, processing and distribution of gases as well as the design and construction of the plants and equipment needed to produce them.

Core products and services include atmospheric and process gases such as oxygen, nitrogen and argon; hydrogen and helium; carbon dioxide; and a portfolio of higher‑value specialty and electronic gases.

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