Hilltop National Bank Takes $583,000 Position in Linde PLC $LIN

Key Points

• Hilltop National Bank has acquired a new stake in Linde PLC, purchasing 1,243 shares valued at approximately $583,000.
• Linde reported earnings of $4.09 per share, exceeding analysts' expectations, and generated $8.50 billion in revenue for the quarter.
• The company recently paid a quarterly dividend of $1.50 per share, resulting in an annualized dividend yield of 1.3%.

Hilltop National Bank bought a new stake in shares of Linde PLC (NASDAQ:LIN - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,243 shares of the basic materials company's stock, valued at approximately $583,000.

Several other large investors have also recently modified their holdings of the stock. Brighton Jones LLC purchased a new stake in Linde in the fourth quarter worth $2,752,000. Revolve Wealth Partners LLC increased its stake in Linde by 14.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company's stock worth $325,000 after buying an additional 96 shares during the period. RFG Advisory LLC purchased a new position in Linde in the 1st quarter worth about $401,000. Apella Capital LLC bought a new stake in Linde during the 1st quarter valued at about $267,000. Finally, Lmcg Investments LLC bought a new stake in Linde during the 1st quarter valued at about $212,000. Institutional investors own 82.80% of the company's stock.

Linde Price Performance

Shares of LIN stock opened at $466.73 on Friday. Linde PLC has a twelve month low of $408.65 and a twelve month high of $487.49. The stock has a market capitalization of $218.85 billion, a price-to-earnings ratio of 33.20, a P/E/G ratio of 3.10 and a beta of 0.93. The stock has a fifty day simple moving average of $474.57 and a two-hundred day simple moving average of $464.31. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 0.49.

Linde (NASDAQ:LIN - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The basic materials company reported $4.09 earnings per share for the quarter, topping analysts' consensus estimates of $4.03 by $0.06. The firm had revenue of $8.50 billion during the quarter, compared to analysts' expectations of $8.35 billion. Linde had a return on equity of 19.09% and a net margin of 20.20%.The firm's quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the business posted $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. On average, analysts predict that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Announces Dividend

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

Analyst Ratings Changes

LIN has been the subject of a number of research analyst reports. Citigroup upgraded shares of Linde from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $500.00 to $535.00 in a report on Monday, June 30th. Royal Bank Of Canada began coverage on shares of Linde in a report on Friday, June 13th. They set an "outperform" rating and a $576.00 price objective for the company. JPMorgan Chase & Co. upped their target price on Linde from $470.00 to $475.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. UBS Group upped their target price on Linde from $485.00 to $504.00 and gave the stock a "neutral" rating in a report on Wednesday, July 9th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Linde in a report on Saturday, September 27th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $519.63.

Insider Buying and Selling at Linde

In related 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 transaction of $23,815,274.42. Following the completion of the sale, the director directly owned 480,543 shares in the company, valued at $227,479,445.34. This represents a 9.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.70% of the stock is owned by company insiders.

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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