Sands Capital Management LLC Sells 25,153 Shares of Linde PLC $LIN

Sands Capital Management LLC lessened its position in Linde PLC (NASDAQ:LIN) by 29.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 59,214 shares of the basic materials company’s stock after selling 25,153 shares during the period. Sands Capital Management LLC’s holdings in Linde were worth $25,248,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in LIN. Norges Bank bought a new stake in shares of Linde in the 4th quarter worth about $3,246,750,000. SG Americas Securities LLC lifted its holdings in shares of Linde by 10,454.4% in the 4th quarter. SG Americas Securities LLC now owns 2,424,869 shares of the basic materials company’s stock worth $1,033,940,000 after acquiring an additional 2,401,894 shares during the last quarter. Capital International Investors lifted its holdings in shares of Linde by 20.1% in the 4th quarter. Capital International Investors now owns 7,610,387 shares of the basic materials company’s stock worth $3,245,255,000 after acquiring an additional 1,275,477 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of Linde by 40.2% in the 4th quarter. Deutsche Bank AG now owns 3,941,719 shares of the basic materials company’s stock worth $1,680,710,000 after acquiring an additional 1,130,001 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new stake in shares of Linde in the 3rd quarter worth about $453,274,000. Institutional investors own 82.80% of the company’s stock.

Linde Stock Performance

Shares of LIN opened at $523.57 on Monday. Linde PLC has a 1-year low of $387.78 and a 1-year high of $525.82. The company has a 50-day moving average of $504.86 and a 200 day moving average of $471.96. The firm has a market capitalization of $242.07 billion, a price-to-earnings ratio of 34.77, a PEG ratio of 3.29 and a beta of 0.72. 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 (NASDAQ:LIN) last posted its quarterly earnings results 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 business 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 business posted $3.95 EPS. The company’s quarterly 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. On average, research analysts expect that Linde PLC will post 17.86 EPS for the current 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 issued a $1.60 dividend. The ex-dividend date is Thursday, June 4th. This represents a $6.40 annualized dividend and a dividend yield of 1.2%. Linde’s payout ratio is currently 42.50%.

Analyst Ratings Changes

A number of brokerages recently weighed in on LIN. Citigroup lifted their price objective on shares of Linde from $580.00 to $585.00 and gave the company a “buy” rating in a report on Monday, May 4th. BMO Capital Markets reiterated an “outperform” rating and set a $560.00 price objective on shares of Linde in a report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $575.00 price objective on shares of Linde in a report on Monday, May 4th. Erste Group Bank upgraded shares of Linde from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. Finally, Royal Bank Of Canada lifted their price objective on shares of Linde from $552.00 to $570.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $541.91.

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.