MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Lowers Stake in Linde PLC $LIN

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. cut its stake in Linde by 17.1%, selling 65,874 shares and now holds 319,295 shares (about 0.07%) valued at roughly $151.7 million.
• Linde beat Q results (EPS $4.20 vs. $4.18; revenue $8.76B vs. $8.64B), set FY2026 EPS guidance of $17.40–$17.90, and raised its quarterly dividend to $1.60 ($6.40 annual, ~1.3% yield).
• Insiders have been net sellers (20,332 shares worth ~$9.75M in the last 90 days) even as institutional ownership stays high at 82.8% and analysts' consensus rating is Buy with a $515.20 price target.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. cut its holdings in shares of Linde PLC (NASDAQ:LIN - Free Report) by 17.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 319,295 shares of the basic materials company's stock after selling 65,874 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.07% of Linde worth $151,672,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in Linde by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 44,638,847 shares of the basic materials company's stock worth $20,943,654,000 after purchasing an additional 292,492 shares during the period. Capital Research Global Investors grew its holdings in Linde by 0.9% in the third 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 purchasing an additional 83,236 shares during the period. Norges Bank acquired a new stake in Linde in the second quarter valued at approximately $3,098,772,000. Invesco Ltd. increased its position in shares of Linde by 6.0% in the third quarter. Invesco Ltd. now owns 4,287,566 shares of the basic materials company's stock valued at $2,036,594,000 after buying an additional 242,733 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Linde by 4.8% in the third quarter. Franklin Resources Inc. now owns 3,895,026 shares of the basic materials company's stock valued at $1,850,137,000 after buying an additional 176,650 shares in the last quarter. Hedge funds and other institutional investors own 82.80% of the company's stock.

Linde Stock Performance

NASDAQ LIN opened at $497.41 on Tuesday. The company has a market cap of $230.49 billion, a PE ratio of 34.09, a price-to-earnings-growth ratio of 3.25 and a beta of 0.82. The stock's 50 day simple moving average is $468.92 and its 200-day simple moving average is $450.15. Linde PLC has a 1-year low of $387.78 and a 1-year high of $510.65. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.88 and a quick ratio of 0.74.

Linde (NASDAQ:LIN - Get Free Report) last issued its quarterly earnings results on Thursday, February 5th. The basic materials company reported $4.20 EPS for the quarter, topping the consensus estimate of $4.18 by $0.02. Linde had a return on equity of 19.52% and a net margin of 20.30%.The firm had revenue of $8.76 billion during the quarter, compared to analysts' expectations of $8.64 billion. During the same period in the previous year, the business earned $3.97 earnings per share. The firm's revenue for the quarter was up 6.3% on a year-over-year basis. Linde has set its Q1 2026 guidance at 4.200-4.300 EPS and its FY 2026 guidance at 17.400-17.900 EPS. As a group, equities research analysts anticipate that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Wednesday, March 11th will be paid a dividend of $1.60 per share. This is a boost from Linde's previous quarterly dividend of $1.50. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $6.40 annualized dividend and a yield of 1.3%. Linde's dividend payout ratio is presently 43.87%.

Insiders Place Their Bets

In other news, 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 transaction, the executive vice president directly owned 8,151 shares of the company's stock, valued at approximately $3,890,227.77. This trade represents a 44.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Guillermo Bichara sold 4,357 shares of the business's stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $480.79, for a total transaction of $2,094,802.03. Following the transaction, the vice president owned 22,138 shares in the company, valued at $10,643,729.02. The trade was a 16.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 20,332 shares of company stock valued at $9,749,257 in the last ninety days. Insiders own 0.70% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. DZ Bank lowered Linde from a "buy" rating to a "hold" rating and set a $460.00 target price on the stock. in a research report on Tuesday, February 10th. CICC Research started coverage on shares of Linde in a report on Wednesday, December 3rd. They issued an "outperform" rating and a $510.00 price target for the company. UBS Group restated a "buy" rating on shares of Linde in a research report on Wednesday, March 11th. Mizuho set a $525.00 price objective on shares of Linde in a report on Friday, February 6th. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $530.00 target price on shares of Linde in a research report on Friday, February 6th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $515.20.

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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