CIBC Asset Management Inc Increases Stock Position in Linde PLC $LIN

Key Points

• CIBC Asset Management increased its stake in Linde by 19.9% in the fourth quarter, buying 47,667 additional shares and bringing its total holdings to 286,971 shares valued at about $122.3 million.
• Linde posted better-than-expected quarterly results, with EPS of $4.33 and revenue of $8.78 billion, while also issuing FY 2026 guidance of 17.6 to 17.9 EPS.
• The company declared a quarterly dividend of $1.60 per share, and analysts remain broadly positive with an average rating of “Buy” and a consensus price target of $541.91.

CIBC Asset Management Inc boosted its stake in Linde PLC (NASDAQ:LIN - Free Report) by 19.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 286,971 shares of the basic materials company's stock after purchasing an additional 47,667 shares during the quarter. CIBC Asset Management Inc owned about 0.06% of Linde worth $122,309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Blalock Williams LLC raised its position in Linde by 4.5% during the fourth quarter. Blalock Williams LLC now owns 510 shares of the basic materials company's stock valued at $217,000 after purchasing an additional 22 shares in the last quarter. Mutual Advisors LLC raised its position in Linde by 2.0% during the fourth quarter. Mutual Advisors LLC now owns 1,102 shares of the basic materials company's stock valued at $470,000 after purchasing an additional 22 shares in the last quarter. Binnacle Investments Inc raised its position in Linde by 10.2% during the second quarter. Binnacle Investments Inc now owns 237 shares of the basic materials company's stock valued at $111,000 after purchasing an additional 22 shares in the last quarter. Baldwin Wealth Partners LLC MA raised its position in Linde by 3.3% during the fourth quarter. Baldwin Wealth Partners LLC MA now owns 711 shares of the basic materials company's stock valued at $303,000 after purchasing an additional 23 shares in the last quarter. Finally, Mayport LLC raised its position in Linde by 4.8% during the fourth quarter. Mayport LLC now owns 504 shares of the basic materials company's stock valued at $215,000 after purchasing an additional 23 shares in the last quarter. Hedge funds and other institutional investors own 82.80% of the company's stock.

Linde Stock Down 0.3%

LIN opened at $495.91 on Wednesday. The company has a market cap of $229.28 billion, a P/E ratio of 32.93, a P/E/G ratio of 3.12 and a beta of 0.72. The business's 50-day moving average price is $501.45 and its 200-day moving average price is $466.12. The company has a current ratio of 0.83, a quick ratio of 0.69 and a debt-to-equity ratio of 0.50. Linde PLC has a 12 month low of $387.78 and a 12 month high of $521.28.

Linde (NASDAQ:LIN - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $8.60 billion. Linde had a return on equity of 19.80% and a net margin of 20.44%.The company's quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.95 earnings per share. 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 analysts expect that Linde PLC will post 17.86 EPS 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%.

Analyst Ratings Changes

A number of research firms have weighed in on LIN. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $575.00 price target on shares of Linde in a research report on Monday, May 4th. Mizuho set a $525.00 price target on shares of Linde in a research note on Friday, February 6th. 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. BMO Capital Markets reissued an "outperform" rating and set a $560.00 price target on shares of Linde in a research note on Tuesday, May 5th. Finally, Seaport Research Partners lifted their price target on shares of Linde from $525.00 to $575.00 and gave the stock a "buy" rating in a research note on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price 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 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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