Fideuram Asset Management Ireland dac Acquires Shares of 8,272 Linde PLC $LIN

Key Points

• Fideuram Asset Management Ireland dac opened a new position in Linde, buying 8,272 shares valued at about $3.83 million in the fourth quarter.
• Wall Street remains broadly bullish on Linde, with multiple analysts raising price targets and the stock carrying a consensus "Buy" rating and average target price of $540.
• Linde reported solid quarterly results, beating EPS and revenue estimates, and also announced a quarterly dividend of $1.60 per share, payable June 18.

Fideuram Asset Management Ireland dac acquired a new stake in shares of Linde PLC (NASDAQ:LIN - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 8,272 shares of the basic materials company's stock, valued at approximately $3,830,000.

Other institutional investors have also modified their holdings of the company. Darwin Wealth Management LLC purchased a new position in shares of Linde during the 2nd quarter valued at about $25,000. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Linde during the 3rd quarter valued at about $29,000. Saranac Partners Ltd purchased a new position in shares of Linde during the 3rd quarter valued at about $29,000. Strengthening Families & Communities LLC raised its stake in shares of Linde by 134.5% during the 4th quarter. Strengthening Families & Communities LLC now owns 68 shares of the basic materials company's stock valued at $29,000 after buying an additional 39 shares during the last quarter. Finally, Guerra Advisors Inc purchased a new position in shares of Linde during the 3rd quarter valued at about $30,000. Hedge funds and other institutional investors own 82.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on LIN shares. Morgan Stanley restated an "overweight" rating and issued a $530.00 price target on shares of Linde in a research note on Friday, February 6th. JPMorgan Chase & Co. lifted their price target on Linde from $525.00 to $530.00 and gave the company an "overweight" rating in a research note on Monday, May 4th. Mizuho set a $525.00 price target on Linde in a research note on Friday, February 6th. Seaport Research Partners lifted their price target on Linde from $525.00 to $575.00 and gave the company a "buy" rating in a research note on Friday, April 17th. Finally, UBS Group lifted their price target on Linde from $550.00 to $579.00 and gave the company a "buy" rating in a research note on Thursday, April 9th. 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 stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $540.00.

Insider Activity

In related news, VP Guillermo Bichara sold 4,357 shares of Linde stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $480.79, for a total value of $2,094,802.03. Following the sale, the vice president directly owned 22,138 shares in the company, valued at approximately $10,643,729.02. The trade was a 16.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Sean Durbin sold 6,520 shares of Linde stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $477.27, for a total value of $3,111,800.40. Following the completion of the sale, the executive vice president 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.30% of the company's stock.

Linde Trading Down 1.2%

LIN stock opened at $501.98 on Friday. 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. The stock has a market cap of $232.09 billion, a price-to-earnings ratio of 33.33, a PEG ratio of 3.19 and a beta of 0.73. The business's 50-day moving average is $501.11 and its 200 day moving average is $465.08.

Linde (NASDAQ:LIN - Get Free Report) last posted its quarterly earnings data on Friday, May 1st. The basic materials company reported $4.33 earnings per share (EPS) for the quarter, topping 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 company had revenue of $8.78 billion for the quarter, compared to analysts' expectations of $8.60 billion. During the same period in the previous year, the firm posted $3.95 EPS. 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. On average, sell-side analysts anticipate that Linde PLC will post 17.86 EPS for the current fiscal year.

Linde Announces Dividend

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

Want to see what other hedge funds are holding LIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Linde PLC (NASDAQ:LIN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.