Linde PLC $LIN Shares Purchased by First National Bank of Mount Dora Trust Investment Services

First National Bank of Mount Dora Trust Investment Services boosted its position in Linde PLC (NASDAQ:LIN) by 0.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,428 shares of the basic materials company’s stock after buying an additional 78 shares during the quarter. Linde accounts for approximately 1.6% of First National Bank of Mount Dora Trust Investment Services’ holdings, making the stock its 20th biggest holding. First National Bank of Mount Dora Trust Investment Services’ holdings in Linde were worth $7,239,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in LIN. North Capital Inc. acquired a new stake in shares of Linde in the 1st quarter valued at about $25,000. Abound Financial LLC acquired a new stake in Linde during the first quarter worth about $41,000. eCIO Inc. acquired a new stake in Linde during the first quarter worth about $45,000. Clal Insurance Enterprises Holdings Ltd raised its stake in Linde by 445.0% during 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 during the period. Finally, Nova Wealth Management Inc. acquired a new stake in Linde during the first quarter worth about $52,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analyst Ratings Changes

LIN has been the topic of several research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Linde in a research note 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 decreased their target price on shares of Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Finally, Citigroup increased their price objective on shares of Linde from $530.00 to $535.00 and gave the company a “buy” rating in a report on Monday, October 6th. Two investment 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 stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $520.00.

Insider Activity at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of the stock in a transaction 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 transaction, the director owned 480,543 shares in the company, valued at $227,479,445.34. This represents a 9.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.70% of the stock is currently owned by company insiders.

Linde Stock Down 1.6%

Shares of NASDAQ:LIN opened at $444.24 on Friday. Linde PLC has a 52 week low of $408.65 and a 52 week high of $487.49. 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 market cap of $208.31 billion, a PE ratio of 31.60, a price-to-earnings-growth ratio of 2.98 and a beta of 0.93. The firm has a 50 day simple moving average of $473.12 and a 200 day simple moving average of $464.22.

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, topping analysts’ consensus estimates of $4.03 by $0.06. Linde had a net margin of 20.20% and a return on equity of 19.09%. The company had revenue of $8.50 billion during the quarter, compared to the consensus estimate of $8.35 billion. During the same quarter in the prior year, the firm earned $3.85 EPS. The company’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. As a group, research analysts expect that Linde PLC will post 16.54 earnings per share for the current year.

Linde Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were paid a dividend of $1.50 per share. The ex-dividend date was Thursday, September 4th. This represents a $6.00 annualized dividend and a dividend yield of 1.4%. Linde’s dividend payout ratio is 42.67%.

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.