M&T Bank Corp Sells 10,897 Shares of Linde PLC $LIN

M&T Bank Corp trimmed its holdings in shares of Linde PLC (NASDAQ:LIN) by 14.6% in the second quarter, according to its most recent filing with the SEC. The firm owned 63,580 shares of the basic materials company’s stock after selling 10,897 shares during the period. M&T Bank Corp’s holdings in Linde were worth $29,830,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Boston Family Office LLC lifted its stake in Linde by 154.2% during the second quarter. Boston Family Office LLC now owns 2,173 shares of the basic materials company’s stock worth $1,020,000 after purchasing an additional 1,318 shares during the period. OMERS ADMINISTRATION Corp lifted its position in shares of Linde by 27.2% during the 2nd quarter. OMERS ADMINISTRATION Corp now owns 417,001 shares of the basic materials company’s stock worth $195,649,000 after buying an additional 89,129 shares during the period. Fisher Asset Management LLC boosted its stake in Linde by 3.4% in the 2nd quarter. Fisher Asset Management LLC now owns 227,406 shares of the basic materials company’s stock valued at $106,695,000 after buying an additional 7,440 shares in the last quarter. Prossimo Advisors LLC grew its position in Linde by 7.7% in the second quarter. Prossimo Advisors LLC now owns 1,600 shares of the basic materials company’s stock valued at $751,000 after acquiring an additional 115 shares during the period. Finally, Orleans Capital Management Corp LA raised its stake in Linde by 4.2% during the second quarter. Orleans Capital Management Corp LA now owns 3,115 shares of the basic materials company’s stock worth $1,461,000 after acquiring an additional 125 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Sanford C. Bernstein restated an “outperform” rating and issued a $516.00 target price on shares of Linde in a research note on Monday, November 3rd. CICC Research assumed coverage on shares of Linde in a report on Wednesday. They set an “outperform” rating for the company. Citigroup reduced their price target on shares of Linde from $535.00 to $520.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. JPMorgan Chase & Co. decreased their price objective on shares of Linde from $475.00 to $455.00 and set an “overweight” rating on the stock in a research note on Monday, November 3rd. Finally, Royal Bank Of Canada cut their target price on shares of Linde from $576.00 to $540.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $508.83.

Linde Stock Up 0.4%

Shares of NASDAQ LIN opened at $408.79 on Wednesday. Linde PLC has a 12-month low of $404.27 and a 12-month high of $486.38. The firm’s 50-day simple moving average is $438.22 and its 200 day simple moving average is $459.08. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 0.49. The company has a market cap of $190.88 billion, a price-to-earnings ratio of 29.07, a price-to-earnings-growth ratio of 2.85 and a beta of 0.91.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Friday, October 31st. The basic materials company reported $4.21 earnings per share for the quarter, beating the consensus estimate of $4.18 by $0.03. Linde had a net margin of 20.20% and a return on equity of 19.09%. The firm had revenue of $8.62 billion during the quarter, compared to analysts’ expectations of $8.62 billion. During the same quarter last year, the company posted $3.94 EPS. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. Linde has set its FY 2025 guidance at 16.350-16.450 EPS and its Q4 2025 guidance at 4.100-4.200 EPS. On average, research analysts expect that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd will be given a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 1.5%. The ex-dividend date is Wednesday, December 3rd. Linde’s payout ratio is 40.19%.

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.