Mesirow Financial Investment Management Inc. cut its holdings in Linde PLC (NASDAQ:LIN – Free Report) by 2.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 59,600 shares of the basic materials company’s stock after selling 1,695 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in Linde were worth $25,413,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LIN. Darwin Wealth Management LLC purchased a new stake in Linde in the second quarter valued at about $25,000. KERR FINANCIAL PLANNING Corp purchased a new stake in Linde in the third quarter valued at about $29,000. Saranac Partners Ltd purchased a new stake in Linde in the third quarter valued at about $29,000. Strengthening Families & Communities LLC raised its stake in Linde by 134.5% in the fourth quarter. Strengthening Families & Communities LLC now owns 68 shares of the basic materials company’s stock valued at $29,000 after buying an additional 39 shares during the last quarter. Finally, Guerra Advisors Inc purchased a new stake in Linde in the third quarter valued at about $30,000. 82.80% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
LIN has been the subject of a number of research analyst reports. Mizuho set a $525.00 price target on Linde in a research note on Friday, February 6th. BMO Capital Markets reiterated an “outperform” rating and issued a $560.00 price target on shares of Linde in a research note on Tuesday, May 5th. Seaport Research Partners increased their price target on Linde from $525.00 to $575.00 and gave the company a “buy” rating in a research note on Friday, April 17th. DZ Bank cut Linde from a “buy” rating to a “hold” rating and set a $460.00 price objective for the company. in a research note on Tuesday, February 10th. Finally, Erste Group Bank upgraded Linde from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $540.00.
Insider Activity
In related news, EVP Sean Durbin sold 6,520 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $477.27, for a total transaction of $3,111,800.40. Following the sale, the executive vice president directly owned 8,151 shares of the company’s stock, valued at $3,890,227.77. This trade represents a 44.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Guillermo Bichara sold 4,357 shares of the firm’s stock in a transaction dated 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 sale, the vice president directly owned 22,138 shares in the company, valued at approximately $10,643,729.02. This trade represents a 16.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 20,332 shares of company stock worth $9,749,257. 0.30% of the stock is owned by corporate insiders.
Linde Trading Up 1.9%
Shares of NASDAQ:LIN opened at $513.26 on Thursday. Linde PLC has a 52-week low of $387.78 and a 52-week high of $521.28. The stock has a market cap of $237.30 billion, a price-to-earnings ratio of 34.08, a PEG ratio of 3.16 and a beta of 0.73. The company has a quick ratio of 0.69, a current ratio of 0.83 and a debt-to-equity ratio of 0.50. The business has a 50-day moving average price of $496.69 and a 200-day moving average price of $458.62.
Linde (NASDAQ:LIN – Get Free Report) last announced its quarterly earnings data on Friday, May 1st. The basic materials company reported $4.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.27 by $0.06. The firm had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $8.60 billion. Linde had a return on equity of 19.80% and a net margin of 20.44%.The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period last year, the business posted $3.95 earnings per share. 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 year.
Linde Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be issued a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, June 4th. Linde’s dividend payout ratio (DPR) is 42.50%.
Linde Company Profile
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.
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