Bank of New York Mellon Corp decreased its holdings in Linde PLC (NASDAQ:LIN – Free Report) by 4.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,340,631 shares of the basic materials company’s stock after selling 260,852 shares during the quarter. Bank of New York Mellon Corp’s holdings in Linde were worth $2,277,192,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Brighton Jones LLC bought a new stake in Linde in the fourth quarter worth approximately $2,752,000. Revolve Wealth Partners LLC lifted its stake in Linde by 14.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company’s stock valued at $325,000 after buying an additional 96 shares during the period. Sivia Capital Partners LLC boosted its holdings in shares of Linde by 19.8% during the 2nd 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 in the last quarter. Schnieders Capital Management LLC. grew its position in shares of Linde by 19.3% during 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 during the period. Finally, Gabelli Funds LLC grew its position in shares of Linde by 3.2% during the 2nd 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 period. 82.80% of the stock is owned by institutional investors.
Insiders Place Their Bets
In other news, EVP Sean Durbin sold 6,520 shares of the firm’s stock in a transaction on 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 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 position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Guillermo Bichara sold 4,357 shares of Linde stock in a transaction on 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 owned 22,138 shares in the company, valued at $10,643,729.02. The trade was a 16.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.30% of the company’s stock.
Linde Stock Down 0.3%
Linde (NASDAQ:LIN – Get Free Report) last posted 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 net margin of 20.44% and a return on equity of 19.80%. The firm had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.60 billion. During the same quarter last year, the business posted $3.95 EPS. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. Linde has set its FY 2026 guidance at 17.600-17.900 EPS and its Q2 2026 guidance at 4.400-4.500 EPS. Research analysts predict that Linde PLC will post 17.86 EPS for the current fiscal year.
Linde Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be given a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, June 4th. Linde’s dividend payout ratio (DPR) is presently 42.50%.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on LIN shares. Mizuho set a $525.00 target price on shares of Linde in a research report on Friday, February 6th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $575.00 price target on shares of Linde in a report on Monday, May 4th. UBS Group reiterated a “buy” rating and set a $600.00 price objective on shares of Linde in a report on Tuesday. Citigroup increased their price objective on shares of Linde from $580.00 to $585.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Finally, Seaport Research Partners raised their target price on Linde from $525.00 to $575.00 and gave the company a “buy” rating in a research note on Friday, April 17th. One investment 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, Linde has an average rating of “Buy” and an average price target of $541.91.
Get Our Latest Research Report on Linde
Linde 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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