iA Global Asset Management Inc. Sells 9,925 Shares of Linde PLC $LIN

Key Points

• iA Global Asset Management cut its Linde stake by 5.0% in Q4, selling 9,925 shares and leaving it with 189,647 shares valued at about $80.9 million.
• Insider selling has continued recently: VP Guillermo Bichara and EVP Sean Durbin sold shares on March 10, and insiders sold 20,332 shares worth $9.75 million over the last 90 days.
• Linde reported solid quarterly results, beating EPS and revenue estimates, while analysts remain broadly positive with a consensus “Buy” rating and an average price target of $540.

iA Global Asset Management Inc. reduced its stake in shares of Linde PLC (NASDAQ:LIN - Free Report) by 5.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 189,647 shares of the basic materials company's stock after selling 9,925 shares during the period. Linde accounts for approximately 1.0% of iA Global Asset Management Inc.'s portfolio, making the stock its 19th biggest holding. iA Global Asset Management Inc.'s holdings in Linde were worth $80,864,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Darwin Wealth Management LLC bought a new position in Linde during the second quarter valued at about $25,000. KERR FINANCIAL PLANNING Corp bought a new position in Linde during the third quarter valued at about $29,000. Guerra Advisors Inc bought a new position in Linde during the third quarter valued at about $30,000. Saranac Partners Ltd bought a new position in Linde during the third quarter valued at about $29,000. Finally, Caitlin John LLC bought a new position in Linde during the third quarter valued at about $32,000. 82.80% of the stock is currently owned by institutional investors.

Insider Activity

In other news, VP Guillermo Bichara sold 4,357 shares of the firm's 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 of the company's stock, valued at approximately $10,643,729.02. This trade represents a 16.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Sean Durbin sold 6,520 shares of the firm's stock in a transaction dated Tuesday, March 10th. The shares were 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 in the company, valued at approximately $3,890,227.77. This represents a 44.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 20,332 shares of company stock worth $9,749,257. 0.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on LIN shares. Weiss Ratings upgraded Linde from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday. Erste Group Bank upgraded Linde from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 18th. Morgan Stanley restated an "overweight" rating and set a $530.00 target price on shares of Linde in a report on Friday, February 6th. Royal Bank Of Canada raised their target price on Linde from $552.00 to $570.00 and gave the company an "outperform" rating in a report on Tuesday, May 5th. Finally, Mizuho set a $525.00 target price on Linde in a report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $540.00.

Linde Trading Down 1.1%

Shares of NASDAQ:LIN opened at $506.11 on Friday. The company has a market cap of $234.00 billion, a P/E ratio of 33.61, a P/E/G ratio of 3.18 and a beta of 0.73. The stock's 50-day moving average is $497.02 and its 200-day moving average is $459.41. Linde PLC has a 52-week low of $387.78 and a 52-week 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.

Linde (NASDAQ:LIN - Get Free Report) last issued its quarterly earnings results on Friday, May 1st. The basic materials company reported $4.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.27 by $0.06. The company 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 firm's revenue was up 8.2% compared to the same quarter last year. During the same period last year, the business posted $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. Equities research analysts predict that Linde PLC will post 17.86 earnings per share for the current year.

Linde Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be given 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 dividend payout ratio (DPR) is currently 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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