Whittier Trust Co. Has $55.96 Million Holdings in Linde PLC $LIN

Key Points

• Whittier Trust Co. increased its holdings in Linde PLC by 5.1% in Q2, owning a total of 119,283 shares valued at approximately $55.96 million.
• Linde reported $4.09 earnings per share for the recent quarter, exceeding estimates, with a revenue of $8.50 billion, marking a 2.3% year-over-year increase.
• The company recently announced a quarterly dividend of $1.50, resulting in an annual yield of 1.3%, with a payout ratio of 42.67%.

Whittier Trust Co. raised its position in Linde PLC (NASDAQ:LIN - Free Report) by 5.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 119,283 shares of the basic materials company's stock after buying an additional 5,744 shares during the period. Linde accounts for about 0.7% of Whittier Trust Co.'s investment portfolio, making the stock its 29th biggest position. Whittier Trust Co.'s holdings in Linde were worth $55,963,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Divergent Planning LLC acquired a new position in Linde in the second quarter valued at about $4,726,000. Klingman & Associates LLC boosted its position in Linde by 53.7% in the second quarter. Klingman & Associates LLC now owns 1,583 shares of the basic materials company's stock valued at $743,000 after buying an additional 553 shares in the last quarter. Pittenger & Anderson Inc. lifted its position in shares of Linde by 1.0% during the second quarter. Pittenger & Anderson Inc. now owns 23,986 shares of the basic materials company's stock worth $11,254,000 after purchasing an additional 230 shares in the last quarter. Phoenix Financial Ltd. lifted its position in shares of Linde by 9.6% during the second quarter. Phoenix Financial Ltd. now owns 15,885 shares of the basic materials company's stock worth $7,451,000 after purchasing an additional 1,397 shares in the last quarter. Finally, Avidian Wealth Enterprises LLC lifted its position in shares of Linde by 0.9% during the second quarter. Avidian Wealth Enterprises LLC now owns 3,463 shares of the basic materials company's stock worth $1,625,000 after purchasing an additional 31 shares in the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Linde 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 sale, the director owned 480,543 shares of the company's stock, valued at approximately $227,479,445.34. This represents a 9.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.70% of the company's stock.

Linde Trading Up 0.1%

Shares of NASDAQ LIN opened at $451.56 on Tuesday. The company's 50 day simple moving average is $472.31 and its 200 day simple moving average is $464.14. Linde PLC has a fifty-two week low of $408.65 and a fifty-two week high of $486.38. The firm has a market capitalization of $211.74 billion, a P/E ratio of 32.12, a P/E/G ratio of 2.98 and a beta of 0.93. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.93 and a quick ratio of 0.78.

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

Linde Announces Dividend

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

Analyst Ratings Changes

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

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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