Assenagon Asset Management S.A. Grows Stock Position in Linde PLC $LIN

Key Points

• Assenagon Asset Management increased its Linde stake by 254.9% in the second quarter, holding 197,556 shares valued at approximately $102.5 million. Institutional investors collectively own 82.8% of Linde.
• Linde reported quarterly EPS of $4.50, slightly above estimates, while revenue reached $9.29 billion, up 9.3% year over year. The company maintained fiscal 2026 EPS guidance of $17.70–$17.90.
• Linde declared a quarterly dividend of $1.60 per share, equivalent to a 1.3% yield. Analysts maintain a consensus “Buy” rating with an average price target of $543.67.

Assenagon Asset Management S.A. lifted its stake in shares of Linde PLC (NASDAQ:LIN - Free Report) by 254.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 197,556 shares of the basic materials company's stock after buying an additional 141,885 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Linde were worth $102,520,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of LIN. Brighton Jones LLC purchased a new position in shares of Linde in the 4th quarter valued at about $2,752,000. Revolve Wealth Partners LLC lifted its stake in Linde by 14.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company's stock valued at $325,000 after buying an additional 96 shares during the last quarter. Sivia Capital Partners LLC lifted its stake in Linde by 19.8% in the second quarter. Sivia Capital Partners LLC now owns 1,569 shares of the basic materials company's stock valued at $736,000 after buying an additional 259 shares during the last quarter. Schnieders Capital Management LLC. boosted its holdings in shares of Linde by 19.3% in the second quarter. Schnieders Capital Management LLC. now owns 897 shares of the basic materials company's stock valued at $421,000 after acquiring an additional 145 shares during the period. Finally, Gabelli Funds LLC boosted its holdings in shares of Linde by 3.2% in the second quarter. Gabelli Funds LLC now owns 5,625 shares of the basic materials company's stock valued at $2,639,000 after acquiring an additional 175 shares during the period. Hedge funds and other institutional investors own 82.80% of the company's stock.

Linde Price Performance

Shares of NASDAQ:LIN opened at $489.98 on Friday. The firm has a market capitalization of $225.87 billion, a price-to-earnings ratio of 31.65, a price-to-earnings-growth ratio of 3.09 and a beta of 0.72. 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 business's 50 day simple moving average is $513.19 and its 200-day simple moving average is $497.85. Linde PLC has a 12 month low of $387.78 and a 12 month high of $548.20.

Linde (NASDAQ:LIN - Get Free Report) last issued its quarterly earnings data on Friday, July 31st. The basic materials company reported $4.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.49 by $0.01. The firm had revenue of $9.29 billion during the quarter, compared to analysts' expectations of $9.02 billion. Linde had a return on equity of 20.09% and a net margin of 20.43%.Linde's revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm posted $4.09 earnings per share. Linde has set its FY 2026 guidance at 17.700-17.900 EPS and its Q3 2026 guidance at 4.450-4.550 EPS. As a group, equities analysts forecast that Linde PLC will post 17.84 earnings per share for the current fiscal year.

Linde Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd will be paid a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, September 3rd. Linde's payout ratio is 41.34%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Evercore reiterated an "outperform" rating and set a $525.00 price target on shares of Linde in a research note on Friday, July 10th. Weiss Ratings upgraded shares of Linde from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, July 21st. Royal Bank Of Canada lowered their price target on Linde from $576.00 to $553.00 and set an "outperform" rating on the stock in a report on Monday, August 3rd. Citigroup dropped their price target 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, BMO Capital Markets reaffirmed an "outperform" rating and set a $560.00 price objective on shares of Linde in a research note on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, Linde has a consensus rating of "Buy" and a consensus price target of $543.67.

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.

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