Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust Takes $12.97 Million Position in Linde PLC $LIN

Key Points

• Retail Employees Superannuation Trust opened a new position in Linde PLC in Q4, buying 30,424 shares worth about $12.97 million. The stake represents roughly 3.5% of its portfolio and is now its 11th-largest holding.
• Several Linde insiders sold shares on March 10, including EVP Sean Durbin and VP Guillermo Bichara, trimming their ownership positions by 44.44% and 16.44%, respectively. Insider ownership remains low at about 0.30%.
• Linde reported better-than-expected earnings for the latest quarter, with EPS of $4.33 versus $4.27 expected and revenue of $8.78 billion versus $8.60 billion forecast. The company also raised guidance and announced a quarterly dividend of $1.60 per share.

Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust bought a new stake in Linde PLC (NASDAQ:LIN - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 30,424 shares of the basic materials company's stock, valued at approximately $12,972,000. Linde makes up approximately 3.5% of Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust's investment portfolio, making the stock its 11th largest position.

A number of other hedge funds also recently modified their holdings of the business. Blalock Williams LLC lifted its holdings in shares of Linde by 4.5% in the fourth quarter. Blalock Williams LLC now owns 510 shares of the basic materials company's stock valued at $217,000 after purchasing an additional 22 shares in the last quarter. Mutual Advisors LLC lifted its holdings in shares of Linde by 2.0% in the fourth quarter. Mutual Advisors LLC now owns 1,102 shares of the basic materials company's stock valued at $470,000 after purchasing an additional 22 shares in the last quarter. Binnacle Investments Inc raised its holdings 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 worth $111,000 after acquiring an additional 22 shares in the last quarter. Baldwin Wealth Partners LLC MA boosted its position in 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 last quarter. Finally, Mayport LLC boosted its position in 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 last quarter. Hedge funds and other institutional investors own 82.80% of the company's stock.

Insider Activity

In other Linde news, EVP Sean Durbin sold 6,520 shares of the firm's stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $477.27, for a total transaction of $3,111,800.40. Following the transaction, the executive vice president directly owned 8,151 shares in the company, valued at $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 Securities & Exchange Commission, which is available at the SEC website. Also, VP Guillermo Bichara sold 4,357 shares of the firm's stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $480.79, for a total value of $2,094,802.03. Following the transaction, the vice president owned 22,138 shares in the company, valued at approximately $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.

Linde Price Performance

LIN opened at $507.87 on Thursday. Linde PLC has a 1 year low of $387.78 and a 1 year high of $521.28. The stock has a fifty day moving average price of $500.95 and a 200 day moving average price of $464.50. The company has a current ratio of 0.83, a quick ratio of 0.69 and a debt-to-equity ratio of 0.50. The stock has a market cap of $234.81 billion, a price-to-earnings ratio of 33.72, a PEG ratio of 3.23 and a beta of 0.73.

Linde (NASDAQ:LIN - Get Free Report) last posted its earnings results on Friday, May 1st. The basic materials company reported $4.33 earnings per share for the quarter, beating 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 analyst estimates of $8.60 billion. During the same period last year, the company earned $3.95 earnings per share. The business'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. Analysts forecast that Linde PLC will post 17.86 EPS for the current fiscal year.

Linde Dividend Announcement

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 issued a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a yield of 1.3%. The ex-dividend date is Thursday, June 4th. Linde's dividend payout ratio (DPR) is 42.50%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Royal Bank Of Canada lifted their price objective on Linde from $552.00 to $570.00 and gave the company an "outperform" rating in a research report on Tuesday, May 5th. Erste Group Bank raised Linde from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 18th. UBS Group lifted their price objective on Linde from $550.00 to $579.00 and gave the company a "buy" rating in a research report on Thursday, April 9th. Weiss Ratings raised Linde from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, May 13th. Finally, Seaport Research Partners lifted their price objective on Linde from $525.00 to $575.00 and gave the company a "buy" rating in a research report on Friday, April 17th. One research 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. According to MarketBeat, Linde currently has a consensus rating of "Buy" and an average target price of $540.00.

Linde Company 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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