Stock Yards Bank & Trust Co. Has $29.94 Million Stock Holdings in Linde PLC $LIN

Stock Yards Bank & Trust Co. decreased its holdings in shares of Linde PLC (NASDAQ:LIN) by 1.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,811 shares of the basic materials company’s stock after selling 1,126 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Linde were worth $29,939,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. North Capital Inc. acquired a new stake in shares of Linde during the first quarter worth $25,000. Abound Financial LLC acquired a new stake in shares of Linde during the first quarter worth $41,000. eCIO Inc. acquired a new stake in shares of Linde during the first quarter worth $45,000. Clal Insurance Enterprises Holdings Ltd raised its stake in Linde by 445.0% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company’s stock valued at $51,000 after purchasing an additional 89 shares in the last quarter. Finally, Nova Wealth Management Inc. acquired a new position in Linde in the first quarter valued at about $52,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on LIN shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Linde in a research note on Saturday, September 27th. JPMorgan Chase & Co. boosted their price target on Linde from $470.00 to $475.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Royal Bank Of Canada started coverage on Linde in a research note on Friday, June 13th. They issued an “outperform” rating and a $576.00 price target for the company. Citigroup raised Linde from a “neutral” rating to a “buy” rating and boosted their price target for the company from $500.00 to $535.00 in a research note on Monday, June 30th. Finally, UBS Group boosted their price target on Linde from $485.00 to $504.00 and gave the company a “neutral” rating in a research note on Wednesday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $519.63.

Linde Stock Performance

Linde stock opened at $466.73 on Friday. Linde PLC has a 12-month low of $408.65 and a 12-month high of $487.49. 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 business’s 50-day moving average price is $474.57 and its two-hundred day moving average price is $464.31. The stock has a market cap of $218.85 billion, a PE ratio of 33.20, a P/E/G ratio of 3.10 and a beta of 0.93.

Linde (NASDAQ:LIN) last released its earnings results 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. Linde had a return on equity of 19.09% and a net margin of 20.20%.The firm had revenue of $8.50 billion for the quarter, compared to analysts’ expectations of $8.35 billion. During the same quarter in the previous year, the business posted $3.85 earnings per share. The business’s revenue for the quarter 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. As a group, analysts expect that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Thursday, September 4th. Linde’s payout ratio is 42.67%.

Insider Buying and Selling at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of the business’s stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $473.38, for a total transaction of $23,815,274.42. Following the sale, the director directly owned 480,543 shares in the company, valued at approximately $227,479,445.34. The trade was a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company 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.