Linde PLC $LIN Shares Sold by Nixon Peabody Trust Co.

Nixon Peabody Trust Co. lowered its position in shares of Linde PLC (NASDAQ:LIN) by 42.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,066 shares of the basic materials company’s stock after selling 14,514 shares during the period. Nixon Peabody Trust Co.’s holdings in Linde were worth $9,415,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. eCIO Inc. acquired a new position in Linde in the 1st quarter worth $45,000. Clal Insurance Enterprises Holdings Ltd lifted its stake 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 worth $51,000 after acquiring an additional 89 shares in the last quarter. Nova Wealth Management Inc. acquired a new position in shares of Linde in the first quarter worth about $52,000. Costello Asset Management INC purchased a new position in Linde in the first quarter valued at about $54,000. Finally, Activest Wealth Management grew its stake in Linde by 5,800.0% during the 1st quarter. Activest Wealth Management now owns 118 shares of the basic materials company’s stock valued at $55,000 after purchasing an additional 116 shares in the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LIN has been the subject of several research analyst reports. Seaport Res Ptn upgraded Linde from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Royal Bank Of Canada reduced their price objective on shares of Linde from $576.00 to $540.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Linde in a report on Wednesday, October 8th. UBS Group cut their target price on shares of Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. Finally, Citigroup decreased their price target on Linde from $535.00 to $520.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $508.83.

Linde Stock Performance

Shares of NASDAQ LIN opened at $428.64 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 0.49. The firm’s 50-day moving average price is $455.19 and its two-hundred day moving average price is $462.60. Linde PLC has a 52-week low of $408.65 and a 52-week high of $486.38. The stock has a market capitalization of $200.15 billion, a P/E ratio of 30.49, a P/E/G ratio of 2.85 and a beta of 0.91.

Linde (NASDAQ:LIN) last announced its quarterly earnings results on Friday, October 31st. The basic materials company reported $4.21 earnings per share for the quarter, topping analysts’ consensus estimates of $4.18 by $0.03. Linde had a return on equity of 19.09% and a net margin of 20.20%.The business had revenue of $8.62 billion for the quarter, compared to analysts’ expectations of $8.62 billion. During the same period in the prior year, the firm earned $3.94 EPS. The business’s quarterly revenue was up 2.9% on a year-over-year basis. Linde has set its FY 2025 guidance at 16.350-16.450 EPS. Q4 2025 guidance at 4.100-4.200 EPS. As a group, sell-side analysts forecast that Linde PLC will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd will be paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Wednesday, December 3rd. Linde’s dividend payout ratio (DPR) is presently 40.19%.

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.