Truist Financial Corp Sells 575 Shares of Linde PLC $LIN

Key Points

• Truist Financial Corp has decreased its stake in Linde PLC by selling 575 shares, bringing its total holdings to 192,988 shares valued at approximately $90.5 million.
• Director Stephen F. Angel sold 50,309 shares at an average price of $473.38, resulting in a nearly 9.5% reduction in his ownership stake.
• Linde recently declared a quarterly dividend of $1.50 per share, representing an annualized yield of 1.3%, with a payout ratio of 42.67%.

Truist Financial Corp trimmed its stake in Linde PLC (NASDAQ:LIN - Free Report) by 0.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 192,988 shares of the basic materials company's stock after selling 575 shares during the period. Truist Financial Corp's holdings in Linde were worth $90,546,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Freedom Day Solutions LLC grew its position in Linde by 9.6% in the first quarter. Freedom Day Solutions LLC now owns 6,102 shares of the basic materials company's stock valued at $2,841,000 after acquiring an additional 535 shares during the period. Meiji Yasuda Asset Management Co Ltd. grew its position in Linde by 25.9% during 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 acquiring an additional 4,839 shares during the last quarter. Hourglass Capital LLC bought a new stake in Linde during the 1st quarter worth approximately $935,000. Exane Asset Management bought a new stake in Linde during the 1st quarter worth approximately $295,000. Finally, Ethos Financial Group LLC bought a new stake in Linde during the 1st quarter worth approximately $345,000. 82.80% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Stephen F. Angel sold 50,309 shares of the firm's stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $473.38, for a total value of $23,815,274.42. Following the transaction, the director directly owned 480,543 shares in the company, valued at $227,479,445.34. This trade represents a 9.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.70% of the stock is owned by corporate insiders.

Linde Stock Down 1.7%

NASDAQ LIN opened at $466.81 on Thursday. Linde PLC has a 52 week low of $408.65 and a 52 week high of $487.49. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.78 and a current ratio of 0.93. The stock has a market capitalization of $218.89 billion, a P/E ratio of 33.20, a price-to-earnings-growth ratio of 3.14 and a beta of 0.94. The stock has a fifty day moving average of $474.74 and a 200-day moving average of $464.21.

Linde (NASDAQ:LIN - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.03 by $0.06. Linde had a return on equity of 19.09% and a net margin of 20.20%.The business had revenue of $8.50 billion for the quarter, compared to analyst estimates of $8.35 billion. During the same period last year, the company earned $3.85 EPS. The firm's revenue 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, equities research analysts forecast that Linde PLC will post 16.54 EPS for the current year.

Linde Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were given a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Thursday, September 4th. Linde's dividend payout ratio (DPR) is currently 42.67%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on LIN. Royal Bank Of Canada began coverage on Linde in a research report on Friday, June 13th. They set an "outperform" rating and a $576.00 price target on the stock. UBS Group increased their price target on Linde from $485.00 to $504.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 9th. Citigroup upgraded Linde from a "neutral" rating to a "buy" rating and increased their price target for the stock from $500.00 to $535.00 in a research report on Monday, June 30th. Finally, JPMorgan Chase & Co. increased 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. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $519.63.

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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