Glenview Trust Co Sells 4,686 Shares of Linde PLC $LIN

Glenview Trust Co lowered its position in Linde PLC (NASDAQ:LIN) by 39.2% in the 4th quarter, Holdings Channel reports. The fund owned 7,283 shares of the basic materials company’s stock after selling 4,686 shares during the quarter. Glenview Trust Co’s holdings in Linde were worth $3,105,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Darwin Wealth Management LLC bought a new position in Linde during the 2nd quarter valued at approximately $25,000. KERR FINANCIAL PLANNING Corp bought a new position in Linde during the 3rd quarter valued at approximately $29,000. Guerra Advisors Inc bought a new position in Linde during the 3rd quarter valued at approximately $30,000. Saranac Partners Ltd bought a new position in Linde during the 3rd quarter valued at approximately $29,000. Finally, Caitlin John LLC bought a new position in Linde during the 3rd quarter valued at approximately $32,000. Institutional investors own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on LIN shares. Mizuho set a $525.00 price objective on Linde in a research report on Friday, February 6th. BMO Capital Markets reaffirmed an “outperform” rating and set a $560.00 price objective on shares of Linde in a research report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $575.00 price objective on shares of Linde in a research report on Monday, May 4th. Seaport Research Partners raised their price objective on Linde from $525.00 to $575.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Finally, Weiss Ratings raised Linde from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $540.00.

Insiders Place Their Bets

In other Linde news, VP Guillermo Bichara sold 4,357 shares of Linde stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $480.79, for a total value of $2,094,802.03. Following the completion of the sale, the vice president owned 22,138 shares of the company’s stock, valued at approximately $10,643,729.02. This trade represents a 16.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Sean Durbin sold 6,520 shares of Linde stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $477.27, for a total value of $3,111,800.40. Following the completion of the sale, the executive vice president directly owned 8,151 shares of the company’s stock, valued at approximately $3,890,227.77. The trade was a 44.44% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.30% of the stock is currently owned by company insiders.

Linde Price Performance

Linde stock opened at $517.58 on Tuesday. The firm has a market cap of $239.30 billion, a price-to-earnings ratio of 34.37, a PEG ratio of 3.25 and a beta of 0.73. The stock has a fifty day simple moving average of $500.32 and a two-hundred day simple moving average of $463.17. Linde PLC has a 12 month low of $387.78 and a 12 month high of $521.28. The company has a current ratio of 0.83, a quick ratio of 0.69 and a debt-to-equity ratio of 0.50.

Linde (NASDAQ:LIN) last posted its earnings results on Friday, May 1st. The basic materials company reported $4.33 EPS for the quarter, topping analysts’ consensus estimates of $4.27 by $0.06. The business had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.60 billion. Linde had a return on equity of 19.80% and a net margin of 20.44%.The company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the company earned $3.95 EPS. Linde has set its FY 2026 guidance at 17.600-17.900 EPS and its Q2 2026 guidance at 4.400-4.500 EPS. Equities analysts predict that Linde PLC will post 17.86 EPS for the current fiscal year.

Linde Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be issued a $1.60 dividend. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.2%. Linde’s dividend payout ratio (DPR) is presently 42.50%.

About Linde

Linde (NASDAQ: LIN) is a multinational industrial gases and engineering company that supplies gases, related technologies and services to a wide range of industries. The company traces its current form to the 2018 combination of Germany’s Linde AG and U.S.-based Praxair, creating one of the largest global providers of industrial, specialty and medical gases. Linde’s business model centers on production, processing and distribution of gases as well as the design and construction of the plants and equipment needed to produce them.

Core products and services include atmospheric and process gases such as oxygen, nitrogen and argon; hydrogen and helium; carbon dioxide; and a portfolio of higher‑value specialty and electronic gases.