Cibc World Market Inc. Has $24.34 Million Stock Holdings in Linde PLC $LIN

Cibc World Market Inc. decreased its position in shares of Linde PLC (NASDAQ:LIN) by 3.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 57,086 shares of the basic materials company’s stock after selling 1,764 shares during the quarter. Cibc World Market Inc.’s holdings in Linde were worth $24,341,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of LIN. Brighton Jones LLC bought a new position in Linde during the fourth quarter worth about $2,752,000. Revolve Wealth Partners LLC increased its holdings in shares of 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 acquiring an additional 96 shares in the last quarter. Sivia Capital Partners LLC raised its position in shares of Linde by 19.8% during the second quarter. Sivia Capital Partners LLC now owns 1,569 shares of the basic materials company’s stock worth $736,000 after purchasing an additional 259 shares during the period. Schnieders Capital Management LLC. raised its position in shares of Linde by 19.3% during the second quarter. Schnieders Capital Management LLC. now owns 897 shares of the basic materials company’s stock worth $421,000 after purchasing an additional 145 shares during the period. Finally, Gabelli Funds LLC lifted its holdings 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 valued at $2,639,000 after purchasing an additional 175 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insiders Place Their Bets

In other Linde news, VP Guillermo Bichara sold 4,357 shares of the business’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $480.79, for a total transaction of $2,094,802.03. Following 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 position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Sean Durbin sold 6,520 shares of the 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 transaction, the executive vice president 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. Additional details regarding this sale are available in the official SEC disclosure. 0.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on LIN shares. UBS Group reissued a “buy” rating and set a $600.00 target price on shares of Linde in a research note on Tuesday. Mizuho set a $525.00 price target on shares of Linde in a report on Friday, February 6th. Seaport Research Partners increased their price objective on shares of Linde from $525.00 to $575.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $575.00 price objective on shares of Linde in a report on Monday, May 4th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $530.00 price objective on shares of Linde in a research report on Friday, February 6th. 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 stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $541.91.

Linde Stock Down 0.0%

Shares of Linde stock opened at $507.45 on Friday. The firm has a market cap of $234.62 billion, a PE ratio of 33.70, a P/E/G ratio of 3.19 and a beta of 0.72. The business’s 50 day simple moving average is $502.74 and its 200 day simple moving average is $467.74. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.69 and a current ratio of 0.83. Linde PLC has a 52-week low of $387.78 and a 52-week high of $521.28.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Friday, May 1st. The basic materials company reported $4.33 earnings per share for the quarter, topping analysts’ consensus estimates of $4.27 by $0.06. The firm had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.60 billion. Linde had a return on equity of 19.80% and a net margin of 20.44%.The business’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.95 EPS. 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, analysts predict that Linde PLC will post 17.86 earnings per share for the current fiscal year.

Linde Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be issued a dividend of $1.60 per share. The ex-dividend date is Thursday, June 4th. This represents a $6.40 annualized dividend and a yield of 1.3%. Linde’s dividend payout ratio is presently 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.