Bank of Nova Scotia Trust Co. Has $6.47 Million Stock Holdings in Linde PLC $LIN

Bank of Nova Scotia Trust Co. lifted its holdings in shares of Linde PLC (NASDAQ:LIN) by 13.7% in the second quarter, according to its most recent filing with the SEC. The firm owned 13,789 shares of the basic materials company’s stock after acquiring an additional 1,657 shares during the period. Bank of Nova Scotia Trust Co.’s holdings in Linde were worth $6,470,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Brighton Jones LLC bought a new stake in shares of Linde in the 4th quarter valued at approximately $2,752,000. Revolve Wealth Partners LLC boosted its stake in Linde by 14.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company’s stock valued at $325,000 after buying an additional 96 shares in the last quarter. N.E.W. Advisory Services LLC bought a new stake in Linde in the first quarter valued at $99,000. Geneos Wealth Management Inc. grew its position in Linde by 94.0% in the first quarter. Geneos Wealth Management Inc. now owns 4,296 shares of the basic materials company’s stock valued at $2,000,000 after acquiring an additional 2,081 shares during the period. Finally, Arkadios Wealth Advisors raised its stake in Linde by 33.6% during the first quarter. Arkadios Wealth Advisors now owns 1,736 shares of the basic materials company’s stock worth $809,000 after acquiring an additional 437 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Royal Bank Of Canada reduced their target price on shares of Linde from $576.00 to $540.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. Sanford C. Bernstein reissued an “outperform” rating and set a $516.00 price target on shares of Linde in a report on Monday, November 3rd. Weiss Ratings restated a “buy (b-)” rating on shares of Linde in a research report on Tuesday. Citigroup decreased their price objective on shares of Linde from $535.00 to $520.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. Finally, Seaport Res Ptn raised shares of Linde from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $508.83.

Linde Stock Up 0.0%

Shares of NASDAQ LIN opened at $407.90 on Friday. Linde PLC has a 12-month low of $406.09 and a 12-month high of $486.38. The firm’s 50-day simple moving average is $442.43 and its 200 day simple moving average is $459.90. 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 $190.47 billion, a price-to-earnings ratio of 29.01, 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. 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 Announces Dividend

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%.

About Linde

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.