J. Stern & Co. LLP lessened its holdings in shares of Linde PLC (NASDAQ:LIN – Free Report) by 10.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,326,926 shares of the basic materials company’s stock after selling 151,274 shares during the quarter. J. Stern & Co. LLP owned 0.28% of Linde worth $565,788,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in LIN. Kemnay Advisory Services Inc. bought a new position in Linde during the 4th quarter worth about $79,000. Mar Vista Investment Partners LLC increased its holdings in Linde by 12.8% during the 4th quarter. Mar Vista Investment Partners LLC now owns 113,533 shares of the basic materials company’s stock worth $48,409,000 after purchasing an additional 12,867 shares in the last quarter. &PARTNERS increased its holdings in Linde by 8.4% during the 4th quarter. &PARTNERS now owns 100,748 shares of the basic materials company’s stock worth $42,925,000 after purchasing an additional 7,794 shares in the last quarter. ExodusPoint Capital Management LP increased its holdings in Linde by 50.4% during the 4th quarter. ExodusPoint Capital Management LP now owns 119,084 shares of the basic materials company’s stock worth $50,776,000 after purchasing an additional 39,894 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in Linde by 18.0% during the 4th quarter. Royal Bank of Canada now owns 2,250,532 shares of the basic materials company’s stock worth $959,605,000 after purchasing an additional 343,161 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. increased their target price on Linde from $525.00 to $530.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. UBS Group reiterated a “buy” rating and set a $600.00 target price on shares of Linde in a report on Tuesday, June 2nd. Weiss Ratings upgraded Linde from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. Erste Group Bank upgraded Linde from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. Finally, Citigroup increased their target price on Linde from $580.00 to $585.00 and gave the stock a “buy” rating in a report on Monday, May 4th. One investment 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. According to data from MarketBeat.com, Linde currently has an average rating of “Buy” and an average target price of $541.91.
Linde Price Performance
Shares of NASDAQ LIN opened at $518.17 on Wednesday. The stock has a market capitalization of $239.57 billion, a price-to-earnings ratio of 34.41, a PEG ratio of 3.27 and a beta of 0.72. The business has a 50-day moving average of $505.55 and a 200-day moving average of $473.53. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.69. Linde PLC has a fifty-two week low of $387.78 and a fifty-two week high of $525.87.
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 for the quarter, beating the consensus estimate of $4.27 by $0.06. The company 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%.Linde’s revenue for the quarter 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. As a group, sell-side analysts predict that Linde PLC will post 17.86 earnings per share for the current fiscal year.
Linde Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be issued a $1.60 dividend. The ex-dividend date is Thursday, June 4th. This represents a $6.40 annualized dividend and a dividend yield of 1.2%. Linde’s dividend payout ratio (DPR) is presently 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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