Linde PLC $LIN Shares Bought by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP boosted its holdings in shares of Linde PLC (NASDAQ:LIN) by 50.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 119,084 shares of the basic materials company’s stock after acquiring an additional 39,894 shares during the quarter. Linde comprises 0.4% of ExodusPoint Capital Management LP’s holdings, making the stock its 21st largest holding. ExodusPoint Capital Management LP’s holdings in Linde were worth $50,776,000 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. Vanguard Group Inc. increased its stake in Linde by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 44,953,116 shares of the basic materials company’s stock worth $19,167,559,000 after acquiring an additional 354,800 shares during the last quarter. State Street Corp increased its stake in Linde by 0.9% during the third quarter. State Street Corp now owns 19,319,583 shares of the basic materials company’s stock worth $9,176,828,000 after acquiring an additional 172,162 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Linde by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 11,353,011 shares of the basic materials company’s stock valued at $4,820,533,000 after buying an additional 35,945 shares in the last quarter. Capital Research Global Investors grew its stake in shares of Linde by 8.6% in the fourth quarter. Capital Research Global Investors now owns 10,127,594 shares of the basic materials company’s stock valued at $4,318,325,000 after buying an additional 797,866 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Linde in the fourth quarter valued at $3,246,750,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Stock Down 0.6%

Shares of NASDAQ LIN opened at $518.17 on Wednesday. The company has a market capitalization of $239.57 billion, a price-to-earnings ratio of 34.41, a price-to-earnings-growth ratio of 3.27 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. The business has a 50-day moving average of $505.55 and a two-hundred day moving average of $473.53. Linde PLC has a 1 year low of $387.78 and a 1 year high of $525.87.

Linde (NASDAQ:LIN) last posted its earnings results on Friday, May 1st. The basic materials company reported $4.33 EPS for the quarter, topping analysts’ consensus estimates of $4.27 by $0.06. Linde had a return on equity of 19.80% and a net margin of 20.44%.The business had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $8.60 billion. During the same quarter in the previous year, the firm earned $3.95 earnings per share. The business’s 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, analysts forecast that Linde PLC will post 17.86 earnings per share for the current fiscal year.

Linde Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be given a $1.60 dividend. This represents a $6.40 annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, June 4th. Linde’s payout ratio is 42.50%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on LIN. Weiss Ratings raised Linde from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 13th. Erste Group Bank raised Linde from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 18th. Seaport Research Partners lifted their price objective on Linde from $525.00 to $575.00 and gave the company a “buy” rating in a research note on Friday, April 17th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $560.00 price objective on shares of Linde in a research note on Tuesday, May 5th. Finally, Citigroup lifted their price objective on Linde from $580.00 to $585.00 and gave the company a “buy” rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Linde has a consensus rating of “Buy” and a consensus target price of $541.91.

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.