R Squared Ltd Grows Position in Linde PLC $LIN

Key Points

• R Squared Ltd increased its stake in Linde PLC by 79.1% in Q4, owning 10,358 shares after buying 4,574 more and valuing the position at $4,417,000, making Linde its second-largest holding (≈2.1% of the portfolio).
• Linde beat Q earnings expectations and set FY2026 guidance of 17.40–17.90 EPS; analysts expect ~17.81 EPS and the consensus price target is about $527.80.
• Insiders sold 20,332 shares worth roughly $9.75 million in the last three months while institutional investors own about 82.8% of the stock; Linde pays an annualized dividend of $6.40 (≈1.3% yield).

R Squared Ltd increased its position in shares of Linde PLC (NASDAQ:LIN - Free Report) by 79.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,358 shares of the basic materials company's stock after purchasing an additional 4,574 shares during the period. Linde comprises about 2.1% of R Squared Ltd's investment portfolio, making the stock its 2nd largest position. R Squared Ltd's holdings in Linde were worth $4,417,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Binnacle Investments Inc increased its position in shares of 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 during the period. Baldwin Wealth Partners LLC MA increased its position in shares of 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 during the period. Mayport LLC increased its position in shares of 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 during the period. Granite Harbor Advisors Inc. increased its position in shares of Linde by 2.9% during the third quarter. Granite Harbor Advisors Inc. now owns 841 shares of the basic materials company's stock valued at $399,000 after purchasing an additional 24 shares during the period. Finally, Cornerstone Wealth Group LLC increased its position in shares of Linde by 3.1% during the third quarter. Cornerstone Wealth Group LLC now owns 793 shares of the basic materials company's stock valued at $376,000 after purchasing an additional 24 shares during the period. 82.80% of the stock is currently owned by institutional investors.

Linde Price Performance

Shares of LIN stock opened at $510.75 on Tuesday. The stock's fifty day simple moving average is $495.76 and its 200 day simple moving average is $455.03. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.88 and a quick ratio of 0.74. The firm has a market cap of $236.68 billion, a price-to-earnings ratio of 35.01, a P/E/G ratio of 3.22 and a beta of 0.78. Linde PLC has a one year low of $387.78 and a one year high of $512.96.

Linde (NASDAQ:LIN - Get Free Report) last announced its quarterly earnings results on Thursday, February 5th. The basic materials company reported $4.20 EPS for the quarter, beating the consensus estimate of $4.18 by $0.02. The business had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.64 billion. Linde had a return on equity of 19.52% and a net margin of 20.30%.Linde's quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.97 EPS. Linde has set its Q1 2026 guidance at 4.200-4.300 EPS and its FY 2026 guidance at 17.400-17.900 EPS. On average, analysts expect that Linde PLC will post 17.81 earnings per share for the current fiscal year.

Linde Dividend Announcement

The firm also recently disclosed 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 yield of 1.3%. Linde's payout ratio is currently 43.87%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Weiss Ratings upgraded Linde from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, February 18th. Mizuho set a $525.00 price target on Linde in a research note on Friday, February 6th. Erste Group Bank raised Linde from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 18th. Seaport Research Partners boosted 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, JPMorgan Chase & Co. raised Linde from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $455.00 to $525.00 in a research note on Friday, March 13th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $527.80.

Insiders Place Their Bets

In other Linde news, EVP Sean Durbin sold 6,520 shares of the business'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 transaction, the executive vice president owned 8,151 shares of the company's stock, valued at approximately $3,890,227.77. The trade was a 44.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Guillermo Bichara sold 9,455 shares of the business's stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $480.45, for a total value of $4,542,654.75. Following the completion of the transaction, the vice president directly owned 22,138 shares in the company, valued at approximately $10,636,202.10. This represents a 29.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 20,332 shares of company stock worth $9,749,257. Insiders own 0.70% of the company's stock.

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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