Davis R M Inc. Grows Stock Position in Linde PLC $LIN

Davis R M Inc. boosted its holdings in Linde PLC (NASDAQ:LIN) by 1.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 148,509 shares of the basic materials company’s stock after buying an additional 2,647 shares during the period. Linde accounts for approximately 1.3% of Davis R M Inc.’s holdings, making the stock its 20th largest holding. Davis R M Inc.’s holdings in Linde were worth $73,625,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Capital International Investors raised 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 purchasing an additional 1,275,477 shares during the period. J. Safra Sarasin Holding AG lifted its stake in shares of Linde by 3.0% in the 4th quarter. J. Safra Sarasin Holding AG now owns 83,262 shares of the basic materials company’s stock valued at $35,493,000 after purchasing an additional 2,408 shares in the last quarter. Boston Trust Walden Corp grew its holdings in shares of Linde by 143.4% during the 4th quarter. Boston Trust Walden Corp now owns 15,044 shares of the basic materials company’s stock worth $6,415,000 after purchasing an additional 8,863 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in shares of Linde by 177.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,263,064 shares of the basic materials company’s stock worth $538,558,000 after purchasing an additional 807,370 shares during the period. Finally, Legal & General Group Plc increased its position in Linde by 6.5% during the 4th quarter. Legal & General Group Plc now owns 2,935,016 shares of the basic materials company’s stock worth $1,251,430,000 after purchasing an additional 179,359 shares in the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Analyst Upgrades and Downgrades

LIN has been the topic of several research reports. Sanford C. Bernstein set a $559.00 price target on shares of Linde in a report on Friday, July 17th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $575.00 price objective on shares of Linde in a research note on Monday, May 4th. Weiss Ratings raised shares of Linde from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday. JPMorgan Chase & Co. raised their target price on shares of Linde from $525.00 to $530.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Finally, Evercore restated an “outperform” rating and set a $525.00 target price on shares of Linde in a report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $548.67.

Linde Stock Performance

Shares of NASDAQ:LIN opened at $508.67 on Thursday. The company has a market cap of $235.18 billion, a P/E ratio of 33.78, a PEG ratio of 3.19 and a beta of 0.72. 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 one year low of $387.78 and a one year high of $548.20. The business’s 50-day simple moving average is $516.04 and its 200 day simple moving average is $493.27.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Friday, May 1st. The basic materials company reported $4.33 EPS 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 analyst estimates of $8.60 billion. Linde had a return on equity of 19.80% and a net margin of 20.44%.Linde’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the previous year, the company 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, sell-side analysts forecast that Linde PLC will post 17.88 earnings per share for the current fiscal year.

Linde Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were paid a dividend of $1.60 per share. The ex-dividend date was Thursday, June 4th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.3%. Linde’s dividend payout ratio (DPR) is currently 42.50%.

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.