Linde PLC $LIN Shares Purchased by Members Trust Co

Members Trust Co increased its holdings in shares of Linde PLC (NASDAQ:LIN) by 5.4% during the 2nd quarter, Holdings Channel.com reports. The fund owned 689 shares of the basic materials company’s stock after buying an additional 35 shares during the period. Members Trust Co’s holdings in Linde were worth $323,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Benin Management CORP raised its stake in Linde by 6.1% during the second quarter. Benin Management CORP now owns 1,558 shares of the basic materials company’s stock worth $731,000 after acquiring an additional 89 shares during the period. Exencial Wealth Advisors LLC grew its position in Linde by 7.3% in the 2nd quarter. Exencial Wealth Advisors LLC now owns 891 shares of the basic materials company’s stock worth $418,000 after purchasing an additional 61 shares during the last quarter. Brookstone Capital Management grew its position in Linde by 20.7% in the 2nd quarter. Brookstone Capital Management now owns 13,733 shares of the basic materials company’s stock worth $6,443,000 after purchasing an additional 2,355 shares during the last quarter. Jacobsen Capital Management grew its position in Linde by 13.8% in the 2nd quarter. Jacobsen Capital Management now owns 900 shares of the basic materials company’s stock worth $422,000 after purchasing an additional 109 shares during the last quarter. Finally, D.A. Davidson & CO. grew its position in Linde by 0.5% in the 2nd quarter. D.A. Davidson & CO. now owns 26,684 shares of the basic materials company’s stock worth $12,520,000 after purchasing an additional 122 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Trading Down 0.3%

Shares of NASDAQ:LIN opened at $450.08 on Wednesday. The stock has a market capitalization of $211.05 billion, a price-to-earnings ratio of 32.01, a PEG ratio of 2.98 and a beta of 0.93. Linde PLC has a 1-year low of $408.65 and a 1-year high of $486.38. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.78 and a current ratio of 0.93. The company has a 50 day moving average price of $471.85 and a 200 day moving average price of $464.05.

Linde (NASDAQ:LIN) last issued its earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share for the quarter, topping 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 firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period last year, the firm posted $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. On average, research analysts anticipate that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Thursday, September 4th. Linde’s dividend payout ratio (DPR) is presently 42.67%.

Analyst Ratings Changes

LIN has been the subject of several recent analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Linde in a research report on Wednesday, October 8th. 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. JPMorgan Chase & Co. increased 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. Finally, UBS Group decreased their price objective on shares of Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $520.00.

Insiders Place Their Bets

In related news, Director Stephen F. Angel sold 50,309 shares of the firm’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 directly owned 480,543 shares in the company, valued at approximately $227,479,445.34. This trade represents a 9.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.70% of the company’s stock.

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.