Aigen Investment Management LP Purchases 2,209 Shares of Linde PLC $LIN

Key Points

• Aigen Investment Management boosted its stake in Linde by 35.8% in the fourth quarter, buying 2,209 additional shares and bringing its total to 8,378 shares valued at about $3.57 million.
• Several other institutional investors also increased their Linde positions, and institutions now own 82.8% of the company’s stock.
• Wall Street remains positive on Linde, with a consensus Buy rating and an average price target of $541.91; the company also beat quarterly earnings and revenue estimates and recently raised its full-year and Q2 guidance.

Aigen Investment Management LP increased its position in shares of Linde PLC (NASDAQ:LIN - Free Report) by 35.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,378 shares of the basic materials company's stock after acquiring an additional 2,209 shares during the period. Linde makes up about 0.8% of Aigen Investment Management LP's holdings, making the stock its 15th biggest position. Aigen Investment Management LP's holdings in Linde were worth $3,572,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Arrowstreet Capital Limited Partnership increased its holdings in shares of Linde by 177.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,263,064 shares of the basic materials company's stock worth $538,558,000 after buying an additional 807,370 shares during the last quarter. Atlas Capital Advisors Inc. bought a new position in shares of Linde in the 4th quarter worth $128,000. Ally Financial Inc. increased its holdings in shares of Linde by 200.0% in the 4th quarter. Ally Financial Inc. now owns 12,000 shares of the basic materials company's stock worth $5,117,000 after buying an additional 8,000 shares during the last quarter. Aptus Capital Advisors LLC increased its holdings in shares of Linde by 1.3% in the 4th quarter. Aptus Capital Advisors LLC now owns 64,350 shares of the basic materials company's stock worth $27,438,000 after buying an additional 803 shares during the last quarter. Finally, Jacobi Capital Management LLC increased its holdings in shares of Linde by 3.0% in the 4th quarter. Jacobi Capital Management LLC now owns 3,804 shares of the basic materials company's stock worth $1,622,000 after buying an additional 111 shares during the last quarter. Institutional investors own 82.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on LIN shares. Seaport Research Partners increased their price target on shares of Linde from $525.00 to $575.00 and gave the stock a "buy" rating in a report on Friday, April 17th. Erste Group Bank raised shares of Linde from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 18th. Citigroup increased their price target on shares of Linde from $580.00 to $585.00 and gave the stock a "buy" rating in a report on Monday, May 4th. Royal Bank Of Canada increased 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. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $575.00 price target on shares of Linde in a report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $541.91.

Linde Price Performance

Shares of Linde stock opened at $523.57 on Friday. Linde PLC has a 52-week low of $387.78 and a 52-week high of $525.82. The stock has a market capitalization of $242.07 billion, a price-to-earnings ratio of 34.77, a price-to-earnings-growth ratio of 3.29 and a beta of 0.72. The company has a fifty day moving average of $504.86 and a 200-day moving average of $471.51. 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 (NASDAQ:LIN - Get Free Report) last announced its quarterly earnings data on Friday, May 1st. The basic materials company reported $4.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $8.60 billion. During the same quarter in the prior year, the company earned $3.95 EPS. The firm's 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. Equities research analysts expect that Linde PLC will post 17.86 EPS for the current year.

Linde Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be paid a $1.60 dividend. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.2%. Linde's dividend payout ratio is 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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