Linde PLC $LIN Shares Purchased by Rathbones Group PLC

Rathbones Group PLC increased its holdings in shares of Linde PLC (NASDAQ:LIN) by 4.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 608,141 shares of the basic materials company’s stock after buying an additional 23,578 shares during the period. Linde accounts for about 1.0% of Rathbones Group PLC’s holdings, making the stock its 24th largest holding. Rathbones Group PLC’s holdings in Linde were worth $259,305,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Darwin Wealth Management LLC acquired a new position in Linde during the second quarter worth about $25,000. KERR FINANCIAL PLANNING Corp acquired a new position in Linde during the third quarter worth about $29,000. Saranac Partners Ltd acquired a new position in Linde during the third quarter worth about $29,000. Strengthening Families & Communities LLC boosted its holdings in Linde by 134.5% in the 4th quarter. Strengthening Families & Communities LLC now owns 68 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 39 shares during the last quarter. Finally, Guerra Advisors Inc acquired a new position in Linde in the 3rd quarter valued at about $30,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Linde

In other news, EVP Sean Durbin sold 6,520 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $477.27, for a total value of $3,111,800.40. Following the transaction, the executive vice president directly owned 8,151 shares in the company, valued at approximately $3,890,227.77. This represents a 44.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Guillermo Bichara sold 4,357 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The stock was 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 in the company, valued at approximately $10,643,729.02. The trade was a 16.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on LIN. Mizuho set a $525.00 target price on shares of Linde in a report on Friday, February 6th. Morgan Stanley reiterated an “overweight” rating and issued a $530.00 target price on shares of Linde in a report on Friday, February 6th. Citigroup boosted their target price on shares of Linde from $580.00 to $585.00 and gave the company a “buy” rating in a report on Monday, May 4th. Seaport Research Partners boosted their target price on shares of Linde from $525.00 to $575.00 and gave the company a “buy” rating in a report on Friday, April 17th. Finally, DZ Bank lowered shares of Linde from a “buy” rating to a “hold” rating and set a $460.00 target price on the stock. in a report on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Linde has a consensus rating of “Buy” and an average target price of $540.00.

Linde Stock Performance

Shares of LIN stock opened at $506.63 on Thursday. The firm’s 50 day moving average price is $498.33 and its 200-day moving average price is $461.05. 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 $521.28. The firm has a market cap of $234.24 billion, a P/E ratio of 33.64, a P/E/G ratio of 3.18 and a beta of 0.73.

Linde (NASDAQ:LIN) last issued its quarterly earnings data 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. Linde had a net margin of 20.44% and a return on equity of 19.80%. The firm had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.60 billion. During the same period in the prior year, the business posted $3.95 EPS. The business’s revenue for the quarter 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. As a group, equities research analysts predict that Linde PLC will post 17.86 EPS for the current year.

Linde Announces Dividend

The business also recently disclosed 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. This represents a $6.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Thursday, June 4th. Linde’s dividend payout ratio is currently 42.50%.

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.