Linde PLC $LIN Shares Sold by US Bancorp DE

Key Points

• US Bancorp DE reduced its holdings in Linde PLC by 0.5%, ending the quarter with approximately 333,856 shares valued at $156.6 million.
• Shares of Linde have a recent average rating of Buy from analysts, with a consensus price target of $520.
• Director Stephen F. Angel sold 50,309 shares at $473.38, resulting in a nearly 9.5% decrease in his ownership position.

US Bancorp DE trimmed its holdings in Linde PLC (NASDAQ:LIN - Free Report) by 0.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 333,856 shares of the basic materials company's stock after selling 1,722 shares during the quarter. US Bancorp DE owned about 0.07% of Linde worth $156,641,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC grew its holdings in Linde by 1.3% in the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 249,742 shares of the basic materials company's stock worth $117,174,000 after buying an additional 3,230 shares in the last quarter. Truist Financial Corp grew its holdings in Linde by 75.0% in the 1st quarter. Truist Financial Corp now owns 193,563 shares of the basic materials company's stock worth $90,131,000 after buying an additional 82,952 shares in the last quarter. Freedom Day Solutions LLC grew its holdings in Linde by 9.6% in the 1st quarter. Freedom Day Solutions LLC now owns 6,102 shares of the basic materials company's stock worth $2,841,000 after buying an additional 535 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its holdings in Linde by 25.9% in the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 23,558 shares of the basic materials company's stock worth $10,970,000 after buying an additional 4,839 shares in the last quarter. Finally, Hourglass Capital LLC bought a new position in Linde in the 1st quarter worth approximately $935,000. 82.80% of the stock is owned by institutional investors.

Insider Activity at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of the 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 owned 480,543 shares in the company, valued at approximately $227,479,445.34. This represents a 9.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.70% of the company's stock.

Analysts Set New Price Targets

LIN has been the subject of a number of recent analyst reports. Citigroup increased their price objective on Linde from $530.00 to $535.00 and gave the stock a "buy" rating in a report on Monday. UBS Group decreased their price target on Linde from $510.00 to $507.00 and set a "neutral" rating for the company in a research note on Monday. JPMorgan Chase & Co. increased their price target on Linde from $470.00 to $475.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Linde in a research note on Wednesday. Finally, Royal Bank Of Canada assumed coverage on Linde in a research note on Friday, June 13th. They set an "outperform" rating and a $576.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $520.00.

Linde Price Performance

Shares of NASDAQ:LIN opened at $467.83 on Thursday. Linde PLC has a one year low of $408.65 and a one year high of $487.49. The stock has a fifty day moving average of $474.60 and a 200-day moving average of $464.52. The company has a market capitalization of $219.37 billion, a PE ratio of 33.27, a price-to-earnings-growth ratio of 3.11 and a beta of 0.93. 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 (NASDAQ:LIN - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $8.50 billion during the quarter, compared to the consensus estimate of $8.35 billion. During the same quarter in the prior year, the firm earned $3.85 EPS. The company's quarterly revenue was up 2.3% compared to the same quarter last year. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. As a group, equities analysts anticipate that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were given 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%.

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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