AMG National Trust Bank Has $1.43 Million Holdings in Linde PLC $LIN

by · The Cerbat Gem

AMG National Trust Bank increased its holdings in shares of Linde PLC (NASDAQ:LIN – Free Report) by 1.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,037 shares of the basic materials company’s stock after buying an additional 38 shares during the quarter. AMG National Trust Bank’s holdings in Linde were worth $1,425,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in LIN. North Capital Inc. acquired a new stake in Linde during the 1st quarter worth $25,000. Abound Financial LLC acquired a new stake in Linde during the 1st quarter worth $41,000. eCIO Inc. acquired a new stake in Linde during the 1st quarter worth $45,000. Clal Insurance Enterprises Holdings Ltd raised its stake in Linde by 445.0% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company’s stock worth $51,000 after buying an additional 89 shares during the period. Finally, Nova Wealth Management Inc. acquired a new stake in Linde during the 1st quarter worth $52,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Linde in a research note on Wednesday, October 8th. JPMorgan Chase & Co. increased their target price on Linde from $470.00 to $475.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. UBS Group lowered their target price on Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Finally, Citigroup increased their target price on Linde from $530.00 to $535.00 and gave the stock a “buy” rating in a report on Monday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $521.60.

Check Out Our Latest Analysis on Linde

Linde Price Performance

LIN stock opened at $418.68 on Friday. The stock has a 50-day moving average price of $465.40 and a two-hundred day moving average price of $464.39. The stock has a market cap of $196.32 billion, a PE ratio of 29.78, a price-to-earnings-growth ratio of 2.85 and a beta of 0.93. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 0.49. Linde PLC has a 1 year low of $408.65 and a 1 year high of $486.38.

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

Linde Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be issued a $1.50 dividend. The ex-dividend date is Wednesday, December 3rd. This represents a $6.00 annualized dividend and a dividend yield of 1.4%. Linde’s dividend payout ratio (DPR) is presently 42.67%.

Insider Buying and Selling at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of the firm’s stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $473.38, for a total value of $23,815,274.42. Following the completion of the transaction, the director owned 480,543 shares in the company, valued at $227,479,445.34. This trade represents a 9.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.70% of the stock is owned by insiders.

Linde Company Profile

(Free Report)

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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