Concentric Capital Strategies LP Raises Holdings in Linde PLC $LIN

Concentric Capital Strategies LP grew its position in Linde PLC (NASDAQ:LIN) by 743.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 53,302 shares of the basic materials company’s stock after acquiring an additional 46,980 shares during the quarter. Linde accounts for about 1.1% of Concentric Capital Strategies LP’s holdings, making the stock its 9th largest position. Concentric Capital Strategies LP’s holdings in Linde were worth $22,727,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Consulta Ltd acquired a new stake in shares of Linde during the 4th quarter worth approximately $76,750,000. City National Bank of Florida MSD raised its stake in shares of Linde by 7.2% in the fourth quarter. City National Bank of Florida MSD now owns 1,104 shares of the basic materials company’s stock valued at $471,000 after purchasing an additional 74 shares in the last quarter. Asset One Wealth Management LLC bought a new position in Linde in the fourth quarter worth $321,000. Aureus Asset Management LLC lifted its position in Linde by 7,526.1% in the fourth quarter. Aureus Asset Management LLC now owns 54,603 shares of the basic materials company’s stock worth $23,282,000 after purchasing an additional 53,887 shares during the period. Finally, Basso Capital Management L.P. acquired a new stake in Linde during the fourth quarter worth $252,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on LIN. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $575.00 price target on shares of Linde in a report on Monday, May 4th. BMO Capital Markets reiterated an “outperform” rating and set a $560.00 target price on shares of Linde in a research report on Tuesday, May 5th. Royal Bank Of Canada upped their target price on shares of Linde from $552.00 to $570.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. Citigroup raised their price target on shares of Linde from $580.00 to $585.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Finally, Erste Group Bank raised Linde from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. One investment 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’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $541.91.

Linde Stock Down 0.4%

Shares of NASDAQ LIN opened at $515.85 on Thursday. Linde PLC has a 52-week low of $387.78 and a 52-week high of $525.87. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.69 and a current ratio of 0.83. The business has a fifty day moving average of $505.88 and a two-hundred day moving average of $474.29. The stock has a market cap of $238.50 billion, a PE ratio of 34.25, a PEG ratio of 3.25 and a beta of 0.72.

Linde (NASDAQ:LIN) last announced its earnings results on Friday, May 1st. The basic materials company reported $4.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $8.60 billion. During the same quarter last year, the company posted $3.95 EPS. The firm’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. As a group, equities research analysts expect that Linde PLC will post 17.86 earnings per share for the current fiscal year.

Linde Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be paid a $1.60 dividend. The ex-dividend date is Thursday, June 4th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.2%. Linde’s payout ratio 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.