Dorsey & Whitney Trust CO LLC Sells 250 Shares of Linde PLC $LIN

Dorsey & Whitney Trust CO LLC lessened its holdings in Linde PLC (NASDAQ:LIN) by 5.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,773 shares of the basic materials company’s stock after selling 250 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Linde were worth $2,222,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Wellington Management Group LLP increased its position in Linde by 18.6% during the 1st quarter. Wellington Management Group LLP now owns 7,542,991 shares of the basic materials company’s stock valued at $3,511,751,000 after buying an additional 1,182,157 shares in the last quarter. Freemont Capital Pte Ltd bought a new stake in Linde in the fourth quarter worth $2,128,233,000. Northern Trust Corp grew its stake in shares of Linde by 11.3% in the fourth quarter. Northern Trust Corp now owns 4,925,322 shares of the basic materials company’s stock worth $2,062,085,000 after acquiring an additional 500,489 shares during the last quarter. Nuveen LLC bought a new position in shares of Linde during the first quarter valued at $2,097,793,000. Finally, Invesco Ltd. raised its position in shares of Linde by 1.1% in the 1st quarter. Invesco Ltd. now owns 3,859,539 shares of the basic materials company’s stock worth $1,797,156,000 after purchasing an additional 40,931 shares during the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Linde Stock Up 0.5%

LIN opened at $482.36 on Thursday. The stock has a market capitalization of $226.18 billion, a price-to-earnings ratio of 34.31, a PEG ratio of 3.17 and a beta of 0.92. The firm has a 50 day moving average price of $468.77 and a 200-day moving average price of $460.76. Linde PLC has a twelve month low of $408.65 and a twelve 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.

Linde (NASDAQ:LIN) last posted its earnings results on Friday, August 1st. The basic materials company reported $4.09 EPS for the quarter, topping analysts’ consensus estimates of $4.03 by $0.06. The business had revenue of $8.50 billion during the quarter, compared to the consensus estimate of $8.35 billion. Linde had a net margin of 20.20% and a return on equity of 19.09%. The firm’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.85 EPS. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. Equities research analysts forecast that Linde PLC will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, September 4th. Linde’s payout ratio is 42.67%.

Analyst Upgrades and Downgrades

Several analysts recently commented on LIN shares. 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 research report on Monday, August 4th. Citigroup upgraded shares of Linde from a “neutral” rating to a “buy” rating and upped their target price for the stock from $500.00 to $535.00 in a research note on Monday, June 30th. Royal Bank Of Canada assumed coverage on shares of Linde in a research report on Friday, June 13th. They set an “outperform” rating and a $576.00 price target for the company. Finally, UBS Group upped their price objective on Linde from $485.00 to $504.00 and gave the company a “neutral” rating in a research report on Wednesday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $519.63.

Insider Buying and Selling

In other Linde news, Director Stephen F. Angel sold 50,309 shares of the company’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 of the company’s stock, valued at approximately $227,479,445.34. This represents a 9.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.70% of the company’s stock.

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.