Commerzbank Aktiengesellschaft FI raised its position in shares of Linde PLC (NASDAQ:LIN – Free Report) by 34.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,202 shares of the basic materials company’s stock after acquiring an additional 4,455 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Linde were worth $7,335,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in LIN. Blalock Williams LLC lifted its stake in shares of Linde by 4.5% during the fourth quarter. Blalock Williams LLC now owns 510 shares of the basic materials company’s stock worth $217,000 after purchasing an additional 22 shares in the last quarter. Mutual Advisors LLC lifted its stake in shares of Linde by 2.0% during the fourth quarter. Mutual Advisors LLC now owns 1,102 shares of the basic materials company’s stock worth $470,000 after purchasing an additional 22 shares in the last quarter. Binnacle Investments Inc lifted its stake in shares of Linde by 10.2% during the second quarter. Binnacle Investments Inc now owns 237 shares of the basic materials company’s stock worth $111,000 after purchasing an additional 22 shares in the last quarter. Baldwin Wealth Partners LLC MA lifted its stake in shares of Linde by 3.3% during the fourth quarter. Baldwin Wealth Partners LLC MA now owns 711 shares of the basic materials company’s stock worth $303,000 after purchasing an additional 23 shares in the last quarter. Finally, Mayport LLC lifted its stake in shares of Linde by 4.8% during the fourth quarter. Mayport LLC now owns 504 shares of the basic materials company’s stock worth $215,000 after purchasing an additional 23 shares in the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.
Analyst Ratings Changes
A number of brokerages have commented on LIN. UBS Group boosted their price objective on Linde from $550.00 to $579.00 and gave the stock a “buy” rating in a research note on Thursday, April 9th. 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. Erste Group Bank upgraded Linde from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $575.00 price target on shares of Linde in a research note on Monday, May 4th. Finally, Citigroup boosted their price target on Linde from $580.00 to $585.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $540.00.
Insider Activity
In related news, VP Guillermo Bichara sold 4,357 shares of the business’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 completion of the sale, the vice president directly owned 22,138 shares of the company’s stock, valued at $10,643,729.02. The trade was a 16.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Sean Durbin sold 6,520 shares of the business’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $477.27, for a total value of $3,111,800.40. Following the completion of the sale, the executive vice president directly owned 8,151 shares of the company’s stock, valued at approximately $3,890,227.77. This represents a 44.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 20,332 shares of company stock valued at $9,749,257. 0.30% of the stock is owned by corporate insiders.
Linde Stock Down 1.1%
Shares of Linde stock opened at $506.11 on Friday. 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 firm has a market cap of $234.00 billion, a P/E ratio of 33.61, a P/E/G ratio of 3.21 and a beta of 0.73. Linde PLC has a fifty-two week low of $387.78 and a fifty-two week high of $521.28. The business has a 50-day moving average price of $497.02 and a 200 day moving average price of $459.41.
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 firm had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.60 billion. Linde had a return on equity of 19.80% and a net margin of 20.44%.Linde’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the company earned $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. On average, sell-side analysts forecast that Linde PLC will post 17.86 earnings per share for the current fiscal year.
Linde Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be issued a $1.60 dividend. This represents a $6.40 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, June 4th. Linde’s 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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