The Manufacturers Life Insurance Company Has $205.19 Million Stock Holdings in Linde PLC $LIN

Key Points

• The Manufacturers Life Insurance Company cut its Linde stake by 13% in the second quarter, selling 59,087 shares and retaining 395,420 shares valued at approximately $205.2 million. Institutional investors collectively own 82.8% of Linde.
• Linde reported quarterly EPS of $4.50, narrowly beating estimates, while revenue rose 9.3% year over year to $9.29 billion. The company guided for fiscal 2026 EPS of $17.70–$17.90.
• Linde declared a quarterly dividend of $1.60 per share, equivalent to $6.40 annually and a 1.4% yield. Analysts maintain a generally positive outlook, with an average “Buy” rating and a $545.14 consensus price target.

The Manufacturers Life Insurance Company reduced its stake in shares of Linde PLC (NASDAQ:LIN - Free Report) by 13.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 395,420 shares of the basic materials company's stock after selling 59,087 shares during the quarter. The Manufacturers Life Insurance Company owned 0.09% of Linde worth $205,192,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the company. Capital International Investors grew its holdings in Linde by 20.1% during the 4th quarter. Capital International Investors now owns 7,610,387 shares of the basic materials company's stock worth $3,245,255,000 after acquiring an additional 1,275,477 shares during the last quarter. National Pension Service raised its stake in shares of Linde by 23.9% in the fourth quarter. National Pension Service now owns 1,198,564 shares of the basic materials company's stock worth $511,056,000 after acquiring an additional 231,048 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Linde by 177.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,263,064 shares of the basic materials company's stock worth $538,558,000 after purchasing an additional 807,370 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its position in shares of Linde by 35.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 348,815 shares of the basic materials company's stock worth $148,731,000 after purchasing an additional 90,858 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in shares of Linde by 6.5% during the fourth quarter. Legal & General Group Plc now owns 2,935,016 shares of the basic materials company's stock worth $1,251,430,000 after purchasing an additional 179,359 shares in the last quarter. Institutional investors own 82.80% of the company's stock.

Linde Trading Down 1.1%

NASDAQ LIN opened at $461.62 on Friday. Linde PLC has a 12 month low of $387.78 and a 12 month high of $548.20. The stock has a 50-day simple moving average of $497.33 and a 200 day simple moving average of $501.41. The company has a current ratio of 0.88, a quick ratio of 0.75 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $212.80 billion, a PE ratio of 29.82, a P/E/G ratio of 2.72 and a beta of 0.72.

Linde (NASDAQ:LIN - Get Free Report) last issued its earnings results on Friday, July 31st. The basic materials company reported $4.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.49 by $0.01. The firm had revenue of $9.29 billion for the quarter, compared to analysts' expectations of $9.02 billion. Linde had a return on equity of 20.09% and a net margin of 20.43%.The company's revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the business earned $4.09 earnings per share. Linde has set its FY 2026 guidance at 17.700-17.900 EPS and its Q3 2026 guidance at 4.450-4.550 EPS. Research analysts forecast that Linde PLC will post 17.86 EPS for the current year.

Linde Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, September 3rd will be issued a dividend of $1.60 per share. The ex-dividend date is Thursday, September 3rd. This represents a $6.40 dividend on an annualized basis and a yield of 1.4%. Linde's payout ratio is currently 41.34%.

Analyst Ratings Changes

A number of analysts recently weighed in on LIN shares. Citigroup lowered their price target on shares of Linde from $600.00 to $580.00 and set a "buy" rating for the company in a report on Monday, August 3rd. BMO Capital Markets decreased their price objective on Linde from $560.00 to $546.00 and set an "outperform" rating on the stock in a research report on Monday, August 10th. Weiss Ratings raised Linde from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, July 21st. Royal Bank Of Canada dropped their target price on Linde from $576.00 to $553.00 and set an "outperform" rating for the company in a research report on Monday, August 3rd. Finally, The Goldman Sachs Group set a $580.00 price target on Linde in a research note on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $545.14.

Linde Company Profile

Linde plc NASDAQ: LIN is a global industrial gases and engineering company that supplies gases, related equipment and process technologies to customers across a range of industries. Its products include oxygen, nitrogen, argon, hydrogen, helium, carbon dioxide, specialty gases and medical gases.

The company serves customers in sectors including healthcare, manufacturing, food and beverage, electronics, chemicals, energy and metals. Linde also designs and builds industrial gas plants and provides engineering, project management and process technology services for industrial and energy applications.

Linde traces its history to 1879 and was formed in its current structure through the 2018 merger of Linde AG and Praxair, Inc The company operates internationally, serving customers in numerous countries across the Americas, Europe, Asia and other regions.

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