Adams Natural Resources Fund Inc. Has $22.90 Million Holdings in Linde PLC $LIN

Key Points

• Adams Natural Resources Fund cut its Linde stake by 12.7% in the fourth quarter, selling 7,800 shares and leaving it with 53,700 shares valued at about $22.9 million. Linde remains its fifth-largest holding, making up roughly 3.5% of the portfolio.
• Analysts remain broadly positive on Linde, with a consensus rating of Buy and an average price target of $541.91. Recent calls from UBS, RBC, Citigroup and BMO all backed the stock with bullish ratings.
• Linde reported solid quarterly results, topping earnings and revenue estimates, and also raised guidance for FY 2026 and Q2 2026. The stock traded near its 52-week high, and the company announced a quarterly dividend of $1.60 per share.

Adams Natural Resources Fund Inc. lowered its position in shares of Linde PLC (NASDAQ:LIN - Free Report) by 12.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,700 shares of the basic materials company's stock after selling 7,800 shares during the quarter. Linde accounts for approximately 3.5% of Adams Natural Resources Fund Inc.'s investment portfolio, making the stock its 5th largest position. Adams Natural Resources Fund Inc.'s holdings in Linde were worth $22,897,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Aigen Investment Management LP boosted its stake in Linde by 35.8% during the fourth quarter. Aigen Investment Management LP now owns 8,378 shares of the basic materials company's stock valued at $3,572,000 after buying an additional 2,209 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Linde by 177.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,263,064 shares of the basic materials company's stock valued at $538,558,000 after buying an additional 807,370 shares in the last quarter. Atlas Capital Advisors Inc. bought a new position in Linde during the fourth quarter valued at about $128,000. Ally Financial Inc. boosted its stake in Linde by 200.0% during the fourth quarter. Ally Financial Inc. now owns 12,000 shares of the basic materials company's stock valued at $5,117,000 after buying an additional 8,000 shares in the last quarter. Finally, Aptus Capital Advisors LLC boosted its stake in Linde by 1.3% during the fourth quarter. Aptus Capital Advisors LLC now owns 64,350 shares of the basic materials company's stock valued at $27,438,000 after buying an additional 803 shares in the last quarter. Institutional investors own 82.80% of the company's stock.

Analysts Set New Price Targets

LIN has been the subject of several research reports. UBS Group reaffirmed a "buy" rating and set a $600.00 target price on shares of Linde in a research note on Tuesday, June 2nd. Royal Bank Of Canada raised their target price on Linde from $552.00 to $570.00 and gave the company an "outperform" rating in a research note on Tuesday, May 5th. Citigroup raised their target price on Linde from $580.00 to $585.00 and gave the company a "buy" rating in a research note on Monday, May 4th. BMO Capital Markets reaffirmed an "outperform" rating and set a $560.00 target price on shares of Linde in a research note on Tuesday, May 5th. Finally, Erste Group Bank raised 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 assigned a Hold rating to the company's stock. Based on data from MarketBeat, Linde presently has a consensus rating of "Buy" and a consensus price target of $541.91.

Linde Trading Up 1.6%

Shares of NASDAQ LIN opened at $523.57 on Friday. Linde PLC has a 12 month low of $387.78 and a 12 month high of $525.82. The company has a market cap of $242.07 billion, a price-to-earnings ratio of 34.77, a P/E/G ratio of 3.29 and a beta of 0.72. The company has a quick ratio of 0.69, a current ratio of 0.83 and a debt-to-equity ratio of 0.50. The business has a fifty day simple moving average of $504.86 and a 200-day simple moving average of $471.51.

Linde (NASDAQ:LIN - Get Free Report) last announced its earnings results on Friday, May 1st. The basic materials company reported $4.33 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $8.60 billion. During the same period in the prior year, the business posted $3.95 earnings per share. Linde'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. Sell-side analysts predict 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 issued a dividend of $1.60 per share. This represents a $6.40 annualized dividend 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%.

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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