Linde PLC $LIN Shares Sold by Wilmington Savings Fund Society FSB

Key Points

• Wilmington Savings Fund Society FSB decreased its holdings in Linde PLC by 5.5%, owning a total of 9,455 shares worth approximately $4.44 million at the end of the second quarter.
• Linde's latest earnings report showed an EPS of $4.09, exceeding expectations, with revenue of $8.50 billion, an increase of 2.3% year-over-year.
• The company announced a quarterly dividend of $1.50 per share, resulting in an annualized dividend yield of 1.3%, with a current payout ratio of 42.67%.

Wilmington Savings Fund Society FSB decreased its holdings in Linde PLC (NASDAQ:LIN - Free Report) by 5.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,455 shares of the basic materials company's stock after selling 550 shares during the quarter. Wilmington Savings Fund Society FSB's holdings in Linde were worth $4,436,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in LIN. North Capital Inc. acquired a new position in shares of Linde in the first quarter valued at approximately $25,000. Abound Financial LLC acquired a new position in shares of Linde in the first quarter valued at approximately $41,000. eCIO Inc. acquired a new position in shares of Linde in the first quarter valued at approximately $45,000. Clal Insurance Enterprises Holdings Ltd grew its holdings in shares of Linde by 445.0% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company's stock valued at $51,000 after purchasing an additional 89 shares in the last quarter. Finally, Nova Wealth Management Inc. acquired a new position in shares of Linde in the first quarter valued at approximately $52,000. Institutional investors and hedge funds own 82.80% of the company's stock.

Analysts Set New Price Targets

LIN has been the subject of a number of research reports. Weiss Ratings restated a "buy (b)" rating on shares of Linde in a report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price objective on shares of Linde from $470.00 to $475.00 and gave the company an "overweight" rating in a report on Monday, August 4th. UBS Group decreased their price target on shares of Linde from $510.00 to $507.00 and set a "neutral" rating for the company in a research note on Monday, October 6th. Finally, Citigroup boosted their price target on shares of Linde from $530.00 to $535.00 and gave the stock a "buy" rating in a report on Monday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Linde has a consensus rating of "Buy" and an average target price of $520.00.

Linde Trading Up 0.6%

NASDAQ LIN opened at $459.25 on Wednesday. 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 52 week low of $408.65 and a 52 week high of $487.49. The stock has a market capitalization of $215.35 billion, a PE ratio of 32.66, a price-to-earnings-growth ratio of 3.02 and a beta of 0.93. The firm has a 50 day moving average of $474.02 and a two-hundred day moving average of $464.46.

Linde (NASDAQ:LIN - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The basic materials company reported $4.09 EPS for the quarter, topping the consensus estimate of $4.03 by $0.06. The company had revenue of $8.50 billion during the quarter, compared to analysts' expectations of $8.35 billion. Linde had a net margin of 20.20% and a return on equity of 19.09%. The firm's revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous 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. As a group, research analysts expect 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. Stockholders of record on Thursday, September 4th were given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Thursday, September 4th. Linde's payout ratio is currently 42.67%.

Insider Buying and Selling at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of the business's stock in a transaction that occurred on Thursday, August 7th. The shares were 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. The trade was a 9.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.70% of the company's stock.

Linde Company 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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