TCTC Holdings LLC raised its position in Linde PLC (NASDAQ:LIN – Free Report) by 1.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 129,638 shares of the basic materials company’s stock after acquiring an additional 1,486 shares during the quarter. Linde makes up about 1.7% of TCTC Holdings LLC’s investment portfolio, making the stock its 13th largest holding. TCTC Holdings LLC’s holdings in Linde were worth $55,276,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Binnacle Investments Inc lifted its position in shares of Linde by 10.2% during the 2nd quarter. Binnacle Investments Inc now owns 237 shares of the basic materials company’s stock valued at $111,000 after buying an additional 22 shares during the last quarter. Mutual Advisors LLC increased its holdings in Linde by 2.0% in the 4th quarter. Mutual Advisors LLC now owns 1,102 shares of the basic materials company’s stock worth $470,000 after acquiring an additional 22 shares during the last quarter. Blalock Williams LLC lifted its holdings in Linde by 4.5% during the fourth quarter. Blalock Williams LLC now owns 510 shares of the basic materials company’s stock valued at $217,000 after purchasing an additional 22 shares during the last quarter. Baldwin Wealth Partners LLC MA boosted its position in 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 during the period. Finally, Mayport LLC boosted its position in 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 during the period. Institutional investors own 82.80% of the company’s stock.
Analyst Upgrades and Downgrades
LIN has been the topic of several research reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $575.00 price target on shares of Linde in a research report on Monday, May 4th. Erste Group Bank raised shares of Linde from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. BMO Capital Markets restated an “outperform” rating and set a $560.00 target price on shares of Linde in a research report on Tuesday, May 5th. Seaport Research Partners lifted their price target on Linde from $525.00 to $575.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Finally, JPMorgan Chase & Co. increased their price objective on Linde from $525.00 to $530.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $541.91.
Linde Stock Up 1.2%
Shares of NASDAQ:LIN opened at $515.44 on Friday. The firm has a fifty day moving average price of $504.26 and a two-hundred day moving average price of $471.14. 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 one year low of $387.78 and a one year high of $522.89. The company has a market cap of $238.31 billion, a price-to-earnings ratio of 34.23, a PEG ratio of 3.20 and a beta of 0.72.
Linde (NASDAQ:LIN – Get Free Report) last released its quarterly earnings results on Friday, May 1st. The basic materials company reported $4.33 earnings per share for the quarter, topping the consensus estimate of $4.27 by $0.06. The firm had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $8.60 billion. Linde had a net margin of 20.44% and a return on equity of 19.80%. The business’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $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. Analysts anticipate 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. Stockholders 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 1.2%. The ex-dividend date is Thursday, June 4th. Linde’s dividend payout ratio (DPR) is 42.50%.
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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