Pinnbrook Capital Management LP bought a new position in Linde PLC (NASDAQ:LIN – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 17,641 shares of the basic materials company’s stock, valued at approximately $7,522,000. Linde comprises 1.1% of Pinnbrook Capital Management LP’s holdings, making the stock its 29th biggest position.
A number of other large investors have also bought and sold shares of LIN. Brighton Jones LLC purchased a new stake in Linde in the fourth quarter worth $2,752,000. Revolve Wealth Partners LLC increased its position in 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 buying an additional 96 shares during the last quarter. Sivia Capital Partners LLC increased its position in Linde by 19.8% in the second quarter. Sivia Capital Partners LLC now owns 1,569 shares of the basic materials company’s stock worth $736,000 after buying an additional 259 shares during the last quarter. Schnieders Capital Management LLC. increased its position in Linde by 19.3% in the second 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 during the last quarter. Finally, Gabelli Funds LLC increased its position in Linde by 3.2% in the second quarter. Gabelli Funds LLC now owns 5,625 shares of the basic materials company’s stock worth $2,639,000 after buying an additional 175 shares during the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In other Linde news, EVP Sean Durbin sold 6,520 shares of Linde 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 completion of the sale, the executive vice president 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 document filed with the SEC, which is available at this hyperlink. Also, VP Guillermo Bichara sold 4,357 shares of Linde 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 of the company’s stock, valued at approximately $10,643,729.02. This trade represents a 16.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.30% of the company’s stock.
Linde Trading Up 1.6%
Linde (NASDAQ:LIN – Get Free Report) last issued its quarterly earnings results 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. 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 previous year, the company posted $3.95 earnings per share. The company’s revenue 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. Equities analysts anticipate that Linde PLC will post 17.86 EPS for the current fiscal year.
Linde Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be paid a dividend of $1.60 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $6.40 annualized dividend and a yield of 1.2%. Linde’s payout ratio is 42.50%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on LIN shares. Erste Group Bank upgraded Linde from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. BMO Capital Markets reiterated an “outperform” rating and issued a $560.00 price target on shares of Linde in a research report on Tuesday, May 5th. UBS Group lifted their price target on Linde from $550.00 to $579.00 and gave the company a “buy” rating in a research report on Thursday, April 9th. DZ Bank cut Linde from a “buy” rating to a “hold” rating and set a $460.00 price target for the company. in a research report on Tuesday, February 10th. Finally, Citigroup lifted their price target on Linde from $580.00 to $585.00 and gave the company a “buy” rating in a research report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Linde currently has a consensus rating of “Buy” and an average price target of $540.00.
View Our Latest Stock Analysis on Linde
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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