Capital International Ltd. CA Increases Stock Position in Linde PLC $LIN

Capital International Ltd. CA boosted its stake in Linde PLC (NASDAQ:LIN - Free Report) by 6.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,588 shares of the basic materials company's stock after purchasing an additional 2,992 shares during the quarter. Capital International Ltd. CA's holdings in Linde were worth $21,997,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Darwin Wealth Management LLC purchased a new position in shares of Linde during the second quarter worth approximately $25,000. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Linde during the third quarter worth approximately $29,000. Saranac Partners Ltd purchased a new position in shares of Linde during the third quarter worth approximately $29,000. Strengthening Families & Communities LLC raised its stake in shares of Linde by 134.5% during the fourth quarter. Strengthening Families & Communities LLC now owns 68 shares of the basic materials company's stock worth $29,000 after acquiring an additional 39 shares in the last quarter. Finally, High Note Wealth LLC raised its stake in shares of Linde by 108.6% during the fourth quarter. High Note Wealth LLC now owns 73 shares of the basic materials company's stock worth $31,000 after acquiring an additional 38 shares in the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Royal Bank Of Canada lifted their price target on shares of Linde from $552.00 to $570.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 5th. Citigroup lifted their price target on shares of Linde from $580.00 to $585.00 and gave the stock a "buy" rating in a research note on Monday, May 4th. Weiss Ratings raised shares of Linde from a "buy (b-)" rating to a "buy (b)" rating in a research note on Wednesday, May 13th. JPMorgan Chase & Co. lifted their price target on shares of Linde from $525.00 to $530.00 and gave the stock an "overweight" rating in a research note on Monday, May 4th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $575.00 price target on shares of Linde in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $541.91.

Insider Buying and Selling at Linde

In related news, VP Guillermo Bichara sold 4,357 shares of Linde stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $480.79, for a total value of $2,094,802.03. Following the transaction, the vice president directly owned 22,138 shares of the company's stock, valued at $10,643,729.02. The trade was a 16.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Sean Durbin sold 6,520 shares of Linde 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 directly owned 8,151 shares in the company, valued at approximately $3,890,227.77. The trade was a 44.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.30% of the stock is owned by insiders.

Linde Stock Up 0.1%

Shares of NASDAQ LIN opened at $507.90 on Friday. The company has a quick ratio of 0.69, a current ratio of 0.83 and a debt-to-equity ratio of 0.50. Linde PLC has a 52 week low of $387.78 and a 52 week high of $521.28. The firm's fifty day moving average is $503.06 and its 200 day moving average is $468.02. The company has a market cap of $234.83 billion, a price-to-earnings ratio of 33.73, a PEG ratio of 3.19 and a beta of 0.72.

Linde (NASDAQ:LIN - Get Free Report) last issued its earnings results on Friday, May 1st. The basic materials company reported $4.33 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $8.60 billion. During the same period in the previous year, the firm earned $3.95 earnings per share. The firm's revenue for the quarter 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. On average, equities research analysts expect that Linde PLC will post 17.86 earnings per share for the current year.

Linde Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be paid a $1.60 dividend. This represents a $6.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, June 4th. Linde's payout ratio is presently 42.50%.

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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