Russell Investments Group Ltd. Has $335.38 Million Holdings in Linde PLC $LIN

Russell Investments Group Ltd. boosted its holdings in Linde PLC (NASDAQ:LIN) by 11.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 786,430 shares of the basic materials company’s stock after acquiring an additional 78,469 shares during the quarter. Russell Investments Group Ltd. owned 0.17% of Linde worth $335,379,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in LIN. Norges Bank bought a new position in shares of Linde in the fourth quarter valued at approximately $3,246,750,000. SG Americas Securities LLC raised its position in 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 buying an additional 2,401,894 shares during the last quarter. Capital International Investors raised its position in Linde by 20.1% in the 4th quarter. Capital International Investors now owns 7,610,387 shares of the basic materials company’s stock valued at $3,245,255,000 after buying an additional 1,275,477 shares during the last quarter. Deutsche Bank AG lifted its stake in Linde by 40.2% during the 4th quarter. Deutsche Bank AG now owns 3,941,719 shares of the basic materials company’s stock valued at $1,680,710,000 after acquiring an additional 1,130,001 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new position in Linde during the 3rd quarter valued at $453,274,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Trading Down 0.6%

Shares of Linde stock opened at $518.17 on Wednesday. The firm has a market cap of $239.57 billion, a PE ratio of 34.41, a P/E/G ratio of 3.27 and a beta of 0.72. Linde PLC has a 1 year low of $387.78 and a 1 year high of $525.87. 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 stock has a fifty day moving average price of $505.55 and a 200-day moving average price of $473.53.

Linde (NASDAQ:LIN) last posted its quarterly earnings results on Friday, May 1st. The basic materials company reported $4.33 earnings per share for the quarter, beating 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 company had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.60 billion. During the same quarter in the prior year, the business earned $3.95 earnings per share. 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. Equities research analysts anticipate that Linde PLC will post 17.86 EPS for the current year.

Linde Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have recently commented on the stock. JPMorgan Chase & Co. increased their target price on shares of Linde from $525.00 to $530.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Royal Bank Of Canada boosted their price target on shares of Linde from $552.00 to $570.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $575.00 price objective on shares of Linde in a research report on Monday, May 4th. UBS Group reissued a “buy” rating and set a $600.00 target price on shares of Linde in a research report on Tuesday, June 2nd. Finally, Erste Group Bank upgraded Linde from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 18th. One research 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’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average 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.