TD Waterhouse Canada Inc. Reduces Position in Linde PLC $LIN

TD Waterhouse Canada Inc. trimmed its holdings in Linde PLC (NASDAQ:LIN) by 16.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,367 shares of the basic materials company’s stock after selling 6,570 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Linde were worth $14,226,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Darwin Wealth Management LLC acquired a new position in Linde during the second quarter worth $25,000. Marquette Asset Management LLC acquired a new stake in shares of Linde in the 3rd quarter worth $27,000. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Linde during the 3rd quarter worth $29,000. YANKCOM Partnership boosted its position in shares of Linde by 195.2% during the 3rd quarter. YANKCOM Partnership now owns 62 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 41 shares during the last quarter. Finally, Guerra Advisors Inc purchased a new stake in shares of Linde in the third quarter valued at about $30,000. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Linde

In other Linde news, 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 completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, 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 stock was sold at an average price of $477.27, for a total transaction of $3,111,800.40. Following the sale, the executive vice president owned 8,151 shares in the company, valued at $3,890,227.77. This trade represents a 44.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 20,332 shares of company stock worth $9,749,257 in the last quarter. Company insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

LIN has been the topic of a number of analyst reports. Weiss Ratings raised shares of Linde from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 18th. Mizuho set a $525.00 price target on shares of Linde in a research report on Friday, February 6th. Citigroup upped their price objective on Linde from $545.00 to $580.00 and gave the company a “buy” rating in a report on Monday, April 13th. Morgan Stanley reiterated an “overweight” rating and issued a $530.00 price objective on shares of Linde in a research report on Friday, February 6th. Finally, UBS Group lifted their target price on Linde from $550.00 to $579.00 and gave the company a “buy” rating in a research report on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Linde has an average rating of “Buy” and a consensus target price of $521.60.

Linde Price Performance

Linde stock opened at $498.15 on Tuesday. The company’s 50 day simple moving average is $492.64 and its 200-day simple moving average is $453.72. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.74 and a current ratio of 0.88. Linde PLC has a 1 year low of $387.78 and a 1 year high of $510.65. The company has a market capitalization of $230.84 billion, a price-to-earnings ratio of 34.14, a price-to-earnings-growth ratio of 3.23 and a beta of 0.78.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Thursday, February 5th. The basic materials company reported $4.20 earnings per share for the quarter, topping analysts’ consensus estimates of $4.18 by $0.02. The firm had revenue of $8.76 billion during the quarter, compared to analysts’ expectations of $8.64 billion. Linde had a net margin of 20.30% and a return on equity of 19.52%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the company posted $3.97 EPS. Linde has set its Q1 2026 guidance at 4.200-4.300 EPS and its FY 2026 guidance at 17.400-17.900 EPS. As a group, equities research analysts expect that Linde PLC will post 17.8 earnings per share for the current year.

Linde Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Wednesday, March 11th were paid a $1.60 dividend. The ex-dividend date of this dividend was Wednesday, March 11th. This is a boost from Linde’s previous quarterly dividend of $1.50. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.3%. Linde’s payout ratio is presently 43.87%.

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.