ABN AMRO Bank N.V. Boosts Stock Position in Linde PLC $LIN

Key Points

• ABN AMRO Bank N.V. increased its stake in Linde by 3.5% in the fourth quarter, buying 17,702 more shares and bringing its total holding to 520,179 shares worth about $221.1 million.
• Linde reported better-than-expected quarterly results, with EPS of $4.33 versus estimates of $4.27 and revenue of $8.78 billion, up 8.2% year over year.
• The company also announced a quarterly dividend of $1.60 per share, while analysts remain generally upbeat with an average rating of “Buy” and an average price target of $540.

ABN AMRO Bank N.V. boosted its holdings in shares of Linde PLC (NASDAQ:LIN - Free Report) by 3.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 520,179 shares of the basic materials company's stock after purchasing an additional 17,702 shares during the quarter. Linde makes up approximately 2.1% of ABN AMRO Bank N.V.'s holdings, making the stock its 14th largest holding. ABN AMRO Bank N.V. owned about 0.11% of Linde worth $221,132,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Darwin Wealth Management LLC bought a new stake in shares of Linde in the 2nd quarter valued at approximately $25,000. Marquette Asset Management LLC bought a new position in Linde during the 3rd quarter worth $27,000. KERR FINANCIAL PLANNING Corp bought a new position in Linde during the 3rd quarter worth $29,000. Saranac Partners Ltd bought a new position in Linde during the 3rd quarter worth $29,000. Finally, Strengthening Families & Communities LLC grew its stake in Linde by 134.5% during the 4th quarter. Strengthening Families & Communities LLC now owns 68 shares of the basic materials company's stock worth $29,000 after buying an additional 39 shares during the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Linde Stock Performance

Shares of LIN stock opened at $493.16 on Monday. 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 1 year low of $387.78 and a 1 year high of $521.28. The stock has a fifty day moving average of $496.88 and a two-hundred day moving average of $457.12. The firm has a market capitalization of $228.01 billion, a PE ratio of 32.75, a price-to-earnings-growth ratio of 3.10 and a beta of 0.73.

Linde (NASDAQ:LIN - Get Free Report) last announced its quarterly earnings results on Friday, May 1st. The basic materials company reported $4.33 earnings per share (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 company had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.60 billion. During the same quarter in the previous year, the firm posted $3.95 EPS. The firm's quarterly revenue 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. As a group, research analysts expect that Linde PLC will post 17.86 EPS for the current year.

Linde Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders 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 yield of 1.3%. The ex-dividend date is Thursday, June 4th. Linde's payout ratio is 42.50%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. DZ Bank downgraded Linde from a "buy" rating to a "hold" rating and set a $460.00 price objective for the company. in a research note on Tuesday, February 10th. BMO Capital Markets restated an "outperform" rating and set a $560.00 price objective on shares of Linde in a research note on Tuesday, May 5th. Mizuho set a $525.00 price objective on Linde in a research note on Friday, February 6th. JPMorgan Chase & Co. upped their price objective on Linde from $525.00 to $530.00 and gave the stock an "overweight" rating in a research note on Monday, May 4th. Finally, Seaport Research Partners upped their price objective on Linde from $525.00 to $575.00 and gave the stock a "buy" rating in a research note on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $540.00.

Insiders Place Their Bets

In other Linde news, EVP Sean Durbin sold 6,520 shares of the business's stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $477.27, for a total transaction of $3,111,800.40. Following the completion of the transaction, the executive vice president owned 8,151 shares in the company, valued at approximately $3,890,227.77. The trade was a 44.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Guillermo Bichara sold 9,455 shares of the business's stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $480.45, for a total value of $4,542,654.75. Following the transaction, the vice president owned 22,138 shares of the company's stock, valued at $10,636,202.10. This trade represents a 29.93% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 20,332 shares of company stock valued at $9,749,257 in the last quarter. 0.70% of the stock is currently owned by insiders.

Linde 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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