Fiduciary Family Office LLC Takes Position in Linde PLC $LIN

Key Points

• Fiduciary Family Office LLC opened a new position in Linde during the fourth quarter, buying 2,453 shares worth about $1.046 million.
• Linde continues to attract major institutional support, with hedge funds and other investors owning 82.8% of the stock; several large firms, including Vanguard and State Street, also added to their holdings.
• The company posted solid results, beating earnings and revenue estimates in its latest quarter, and it recently raised guidance while announcing a quarterly dividend of $1.60 per share.

Fiduciary Family Office LLC bought a new stake in shares of Linde PLC (NASDAQ:LIN - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 2,453 shares of the basic materials company's stock, valued at approximately $1,046,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Linde by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 44,953,116 shares of the basic materials company's stock valued at $19,167,559,000 after buying an additional 354,800 shares in the last quarter. State Street Corp lifted its position in shares of Linde by 0.9% during the 3rd quarter. State Street Corp now owns 19,319,583 shares of the basic materials company's stock valued at $9,176,828,000 after buying an additional 172,162 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Linde by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 11,353,011 shares of the basic materials company's stock valued at $4,820,533,000 after buying an additional 35,945 shares in the last quarter. Capital Research Global Investors lifted its position in shares of Linde by 0.9% during the 3rd quarter. Capital Research Global Investors now owns 9,329,728 shares of the basic materials company's stock valued at $4,431,639,000 after buying an additional 83,236 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Linde during the 4th quarter valued at approximately $3,246,750,000. Hedge funds and other institutional investors own 82.80% of the company's stock.

Insiders Place Their Bets

In other Linde news, EVP Sean Durbin sold 6,520 shares of the firm's stock in a transaction on 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 directly owned 8,151 shares of the company's stock, valued at $3,890,227.77. This trade represents a 44.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Guillermo Bichara sold 4,357 shares of the firm's stock in a transaction on 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 completion of the sale, the vice president directly owned 22,138 shares of the company's stock, valued at $10,643,729.02. This trade represents a 16.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Weiss Ratings upgraded Linde from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, May 13th. Erste Group Bank upgraded Linde from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 18th. Morgan Stanley reissued an "overweight" rating and issued a $530.00 price objective on shares of Linde in a research note on Friday, February 6th. JPMorgan Chase & Co. increased their price objective on Linde from $525.00 to $530.00 and gave the company an "overweight" rating in a research note on Monday, May 4th. Finally, DZ Bank downgraded Linde from a "buy" rating to a "hold" rating and set a $460.00 price objective for the company. in a research note on Tuesday, February 10th. One equities research 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's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $541.91.

Linde Stock Down 0.3%

NASDAQ LIN opened at $495.91 on Wednesday. The business has a fifty day moving average price of $501.45 and a 200 day moving average price of $466.12. Linde PLC has a one year low of $387.78 and a one year high of $521.28. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.69 and a current ratio of 0.83. 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.

Linde (NASDAQ:LIN - Get Free Report) last issued its earnings results on Friday, May 1st. The basic materials company reported $4.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.27 by $0.06. Linde had a return on equity of 19.80% and a net margin of 20.44%.The business had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.60 billion. During the same period last year, the company earned $3.95 EPS. The company'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. Research analysts anticipate that Linde PLC will post 17.86 EPS for the current fiscal year.

Linde Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders 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 1.3%. Linde's dividend payout ratio (DPR) 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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