Country Club Bank Trims Stock Holdings in Linde PLC $LIN

Country Club Bank trimmed its holdings in Linde PLC (NASDAQ:LIN) by 1.4% in the second quarter, Holdings Channel reports. The institutional investor owned 4,626 shares of the basic materials company’s stock after selling 64 shares during the quarter. Country Club Bank’s holdings in Linde were worth $2,145,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of LIN. North Capital Inc. bought a new position in Linde in the 1st quarter valued at $25,000. Abound Financial LLC bought a new position in Linde in the 1st quarter valued at $41,000. eCIO Inc. bought a new position in Linde in the 1st quarter valued at $45,000. Clal Insurance Enterprises Holdings Ltd boosted its holdings in Linde by 445.0% in the 1st 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 during the period. Finally, Nova Wealth Management Inc. bought a new position in Linde in the 1st quarter valued at $52,000. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LIN has been the subject of several analyst reports. Citigroup raised their price target on shares of Linde from $530.00 to $535.00 and gave the company a “buy” rating in a report on Monday. UBS Group cut their price target on shares of Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a report on Monday. Weiss Ratings reissued a “buy (b)” rating on shares of Linde in a report on Saturday, September 27th. Royal Bank Of Canada assumed coverage on shares of Linde in a report on Friday, June 13th. They issued an “outperform” rating and a $576.00 price target for the company. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Linde from $470.00 to $475.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $520.00.

Insider Buying and Selling

In related news, Director Stephen F. Angel sold 50,309 shares of Linde stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $473.38, for a total value of $23,815,274.42. Following 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.70% of the stock is currently owned by insiders.

Linde Stock Performance

NASDAQ LIN opened at $470.37 on Wednesday. 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 capitalization of $220.56 billion, a P/E ratio of 33.45, a P/E/G ratio of 3.09 and a beta of 0.93. The company has a fifty day moving average of $474.57 and a 200-day moving average of $464.50.

Linde (NASDAQ:LIN) last issued 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 company had revenue of $8.50 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the company earned $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. As a group, equities research analysts predict that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Thursday, September 4th. Linde’s dividend payout ratio (DPR) is presently 42.67%.

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.