2,431 Shares in Linde PLC $LIN Bought by Perennial Advisors LLC

Perennial Advisors LLC bought a new stake in Linde PLC (NASDAQ:LIN) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,431 shares of the basic materials company’s stock, valued at approximately $1,037,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of LIN. Norges Bank purchased a new stake in Linde during the 2nd quarter worth about $3,098,772,000. SG Americas Securities LLC increased 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 valued at $1,033,940,000 after acquiring an additional 2,401,894 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Linde during the 3rd quarter worth about $453,274,000. Assenagon Asset Management S.A. raised its position in shares of Linde by 82.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,683,248 shares of the basic materials company’s stock worth $799,543,000 after acquiring an additional 760,954 shares in the last quarter. Finally, Danske Bank A S purchased a new stake in Linde during the third quarter worth approximately $260,822,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on LIN shares. Erste Group Bank raised Linde from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. BMO Capital Markets reissued an “outperform” rating on shares of Linde in a report on Tuesday, February 10th. Mizuho set a $525.00 price objective on shares of Linde in a research report on Friday, February 6th. Morgan Stanley restated an “overweight” rating and issued a $530.00 target price on shares of Linde in a report on Friday, February 6th. Finally, Weiss Ratings raised shares of Linde from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 18th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $515.20.

Insider Buying and Selling

In other news, EVP Sean Durbin sold 6,520 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $477.27, for a total value 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. The trade was a 44.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Guillermo Bichara sold 9,455 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $480.45, for a total transaction of $4,542,654.75. Following the completion of the transaction, the vice president directly owned 22,138 shares in the company, valued at $10,636,202.10. This represents a 29.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 20,332 shares of company stock worth $9,749,257. Corporate insiders own 0.70% of the company’s stock.

Linde Stock Up 0.4%

Linde stock opened at $479.84 on Wednesday. The company has a market capitalization of $222.35 billion, a P/E ratio of 32.89, a PEG ratio of 3.14 and a beta of 0.82. 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 fifty-two week low of $387.78 and a fifty-two week high of $510.65. The stock has a 50-day simple moving average of $474.46 and a 200-day simple moving average of $450.67.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Thursday, February 5th. The basic materials company reported $4.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.18 by $0.02. The firm had revenue of $8.76 billion for the quarter, compared to the consensus estimate of $8.64 billion. Linde had a return on equity of 19.52% and a net margin of 20.30%.The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the business 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. Equities research analysts expect that Linde PLC will post 16.54 earnings per share for the current year.

Linde Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Wednesday, March 11th will be issued a dividend of $1.60 per share. This is an increase 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%. The ex-dividend date of this dividend is Wednesday, March 11th. Linde’s dividend payout ratio is 43.87%.

Linde Company 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.