13,707 Shares in Linde PLC $LIN Acquired by Planning Project LLC

Key Points

• Planning Project LLC acquired 13,707 Linde shares worth approximately $6.7 million in the second quarter, making Linde its ninth-largest holding. Institutional investors collectively own 82.8% of Linde’s stock.
• Analysts remain broadly positive, with a consensus “Buy” rating and an average price target of $545.38, despite several recent target-price reductions.
• Linde exceeded quarterly expectations with $4.50 EPS and $9.29 billion in revenue, while revenue grew 9.3% year over year. The company also announced a quarterly dividend of $1.60 per share, equivalent to a 1.3% annualized yield.

Planning Project LLC bought a new position in shares of Linde PLC (NASDAQ:LIN - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 13,707 shares of the basic materials company's stock, valued at approximately $6,711,000. Linde accounts for 1.3% of Planning Project LLC's investment portfolio, making the stock its 9th biggest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LIN. Capital International Investors grew its stake in shares of Linde by 20.1% in the fourth quarter. Capital International Investors now owns 7,610,387 shares of the basic materials company's stock worth $3,245,255,000 after acquiring an additional 1,275,477 shares during the last quarter. National Pension Service raised its stake in Linde by 23.9% during the 4th quarter. National Pension Service now owns 1,198,564 shares of the basic materials company's stock valued at $511,056,000 after purchasing an additional 231,048 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in 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 valued at $538,558,000 after purchasing an additional 807,370 shares during the last quarter. Legal & General Group Plc boosted its holdings in Linde by 6.5% in the 4th quarter. Legal & General Group Plc now owns 2,935,016 shares of the basic materials company's stock valued at $1,251,430,000 after purchasing an additional 179,359 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in Linde by 35.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 348,815 shares of the basic materials company's stock valued at $148,731,000 after purchasing an additional 90,858 shares during the period. Institutional investors and hedge funds own 82.80% of the company's stock.

Analyst Upgrades and Downgrades

LIN has been the topic of several research analyst reports. Evercore restated an "outperform" rating and issued a $525.00 price target on shares of Linde in a research report on Friday, July 10th. BMO Capital Markets reduced their target price on shares of Linde from $560.00 to $546.00 and set an "outperform" rating for the company in a research note on Monday, August 10th. The Goldman Sachs Group set a $580.00 target price on shares of Linde in a research note on Monday, August 10th. Citigroup decreased their target price on Linde from $600.00 to $580.00 and set a "buy" rating on the stock in a research report on Monday, August 3rd. Finally, Sanford C. Bernstein boosted their price target on Linde from $559.00 to $564.00 and gave the company an "outperform" rating in a research note on Monday, August 3rd. One investment 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's stock. Based on data from MarketBeat.com, Linde has a consensus rating of "Buy" and an average target price of $545.38.

Linde Price Performance

LIN opened at $477.57 on Monday. Linde PLC has a fifty-two week low of $387.78 and a fifty-two week high of $548.20. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.88 and a quick ratio of 0.75. The firm's fifty day moving average price is $502.05 and its two-hundred day moving average price is $501.97. The company has a market capitalization of $220.15 billion, a P/E ratio of 30.85, a P/E/G ratio of 2.79 and a beta of 0.72.

Linde (NASDAQ:LIN - Get Free Report) last announced its quarterly earnings results on Friday, July 31st. The basic materials company reported $4.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.49 by $0.01. Linde had a net margin of 20.43% and a return on equity of 20.09%. The firm had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.02 billion. During the same quarter in the previous year, the firm posted $4.09 EPS. The business's revenue for the quarter was up 9.3% on a year-over-year basis. Linde has set its FY 2026 guidance at 17.700-17.900 EPS and its Q3 2026 guidance at 4.450-4.550 EPS. On average, analysts anticipate that Linde PLC will post 17.85 EPS for the current year.

Linde Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, September 3rd will be paid a $1.60 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $6.40 dividend on an annualized basis and a yield of 1.3%. Linde's payout ratio is presently 41.34%.

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.

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