UMB Bank n.a. Has $41.05 Million Stock Position in Linde PLC $LIN

Key Points

• UMB Bank n.a. increased its stake in Linde PLC by 7.5%, holding 87,483 shares valued at approximately $41.05 million.
• Linde PLC reported earnings of $4.09 per share for the latest quarter, surpassing analysts' expectations and achieving a revenue of $8.50 billion, marking a year-over-year increase.
• The company declared a quarterly dividend of $1.50, contributing to an annualized dividend yield of 1.3% and a payout ratio of 42.67%.

UMB Bank n.a. lifted its holdings in shares of Linde PLC (NASDAQ:LIN - Free Report) by 7.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 87,483 shares of the basic materials company's stock after purchasing an additional 6,074 shares during the quarter. UMB Bank n.a.'s holdings in Linde were worth $41,045,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of LIN. Brighton Jones LLC acquired a new position in Linde in the 4th quarter valued at $2,752,000. Revolve Wealth Partners LLC grew its position 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 purchasing an additional 96 shares during the last quarter. Bank Pictet & Cie Europe AG grew its position in Linde by 2.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 68,460 shares of the basic materials company's stock worth $28,662,000 after purchasing an additional 1,876 shares during the last quarter. Focus Partners Advisor Solutions LLC grew its position in Linde by 80.4% in the 4th quarter. Focus Partners Advisor Solutions LLC now owns 2,253 shares of the basic materials company's stock worth $943,000 after purchasing an additional 1,004 shares during the last quarter. Finally, Two Sigma Advisers LP grew its position in Linde by 74.1% in the 4th quarter. Two Sigma Advisers LP now owns 11,489 shares of the basic materials company's stock worth $4,810,000 after purchasing an additional 4,889 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company's stock.

Linde Stock Up 0.6%

Shares of NASDAQ LIN opened at $479.01 on Friday. The stock has a market cap of $224.61 billion, a P/E ratio of 34.07, a P/E/G ratio of 3.14 and a beta of 0.95. The firm has a 50 day moving average price of $473.32 and a 200 day moving average price of $463.38. 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 PLC has a 52-week low of $408.65 and a 52-week high of $487.49.

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 (EPS) for the quarter, beating 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 net margin of 20.20% and a return on equity of 19.09%. The business's revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.85 earnings per share. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. Analysts expect that Linde PLC will post 16.54 EPS for the current year.

Linde Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were issued 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 is 42.67%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on LIN shares. Royal Bank Of Canada started coverage on shares of Linde in a research report on Friday, June 13th. They set an "outperform" rating and a $576.00 target price on the stock. UBS Group lifted their target price on shares of Linde from $485.00 to $504.00 and gave the company a "neutral" rating in a research report on Wednesday, July 9th. JPMorgan Chase & Co. lifted their price target on shares of Linde from $470.00 to $475.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Finally, Citigroup raised shares of Linde from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $500.00 to $535.00 in a research note on Monday, June 30th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $519.63.

Insider Buying and Selling at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of the company'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 value of $23,815,274.42. Following the completion of the transaction, the director owned 480,543 shares in the company, valued at $227,479,445.34. This represents a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.70% of the stock is owned by company insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.