Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Linde PLC (NASDAQ:LIN – Free Report) by 5.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,039,721 shares of the basic materials company’s stock after buying an additional 54,303 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Linde were worth $446,155,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC purchased a new stake in Linde during the 4th quarter valued at $2,752,000. Revolve Wealth Partners LLC raised its stake in shares of Linde by 14.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company’s stock worth $325,000 after purchasing an additional 96 shares during the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of Linde by 19.8% during the second quarter. Sivia Capital Partners LLC now owns 1,569 shares of the basic materials company’s stock valued at $736,000 after purchasing an additional 259 shares in the last quarter. Schnieders Capital Management LLC. increased its holdings in Linde by 19.3% in the 2nd quarter. Schnieders Capital Management LLC. now owns 897 shares of the basic materials company’s stock worth $421,000 after buying an additional 145 shares in the last quarter. Finally, Gabelli Funds LLC raised its stake in Linde by 3.2% during the 2nd quarter. Gabelli Funds LLC now owns 5,625 shares of the basic materials company’s stock valued at $2,639,000 after buying an additional 175 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.
Analyst Ratings Changes
Several brokerages have recently issued reports on LIN. JPMorgan Chase & Co. lifted their target price on Linde from $525.00 to $530.00 and gave the stock an “overweight” rating in a report on Monday. Erste Group Bank raised shares of Linde from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $575.00 target price on shares of Linde in a report on Monday. Morgan Stanley reissued an “overweight” rating and issued a $530.00 price objective on shares of Linde in a research report on Friday, February 6th. Finally, Citigroup raised their price objective on shares of Linde from $580.00 to $585.00 and gave the stock a “buy” rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $540.00.
Insider Activity at Linde
In other news, EVP Sean Durbin sold 6,520 shares of Linde stock in a transaction that occurred 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 sale, the executive vice president directly owned 8,151 shares of the company’s stock, valued at $3,890,227.77. The trade was a 44.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Guillermo Bichara sold 4,357 shares of the stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $480.79, for a total transaction 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 $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 three months, insiders sold 20,332 shares of company stock worth $9,749,257. 0.70% of the stock is owned by corporate insiders.
Linde Stock Performance
Shares of LIN stock opened at $500.41 on Wednesday. The firm has a market cap of $231.36 billion, a price-to-earnings ratio of 33.23, a PEG ratio of 3.10 and a beta of 0.73. Linde PLC has a 52-week low of $387.78 and a 52-week high of $521.28. 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 company’s 50 day moving average is $497.01 and its 200 day moving average is $456.41.
Linde (NASDAQ:LIN – Get Free Report) last issued its quarterly earnings data on Friday, May 1st. The basic materials company reported $4.33 EPS for the quarter, beating the consensus estimate of $4.27 by $0.06. Linde had a return on equity of 19.80% and a net margin of 20.44%.The firm had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.60 billion. During the same quarter in the prior year, the business posted $3.95 EPS. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. Linde has set its FY 2026 guidance at 17.600-17.900 EPS and its Q2 2026 guidance at 4.400-4.500 EPS. On average, sell-side analysts anticipate that Linde PLC will post 17.84 EPS for the current fiscal year.
Linde Announces Dividend
The company 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 of this dividend is Thursday, June 4th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.3%. Linde’s dividend payout ratio is currently 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.
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