23,722 Shares in Linde PLC $LIN Purchased by Corundum Group Inc.

Corundum Group Inc. acquired a new position in shares of Linde PLC (NASDAQ:LIN) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 23,722 shares of the basic materials company’s stock, valued at approximately $10,115,000. Linde makes up 3.4% of Corundum Group Inc.’s holdings, making the stock its 7th largest position.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp grew its holdings in shares of Linde by 0.9% during the third quarter. State Street Corp now owns 19,319,583 shares of the basic materials company’s stock worth $9,176,828,000 after buying an additional 172,162 shares in the last quarter. Capital Research Global Investors raised its holdings in Linde by 0.9% in the 3rd 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 acquiring an additional 83,236 shares during the last quarter. Norges Bank acquired a new stake in Linde in the 2nd quarter valued at about $3,098,772,000. Invesco Ltd. lifted its stake in Linde by 6.0% in the 3rd quarter. Invesco Ltd. now owns 4,287,566 shares of the basic materials company’s stock worth $2,036,594,000 after purchasing an additional 242,733 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in Linde by 4.8% in the 3rd quarter. Franklin Resources Inc. now owns 3,895,026 shares of the basic materials company’s stock worth $1,850,137,000 after purchasing an additional 176,650 shares in the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Linde Trading Up 2.6%

Shares of LIN stock opened at $492.34 on Thursday. Linde PLC has a 1-year low of $387.78 and a 1-year high of $510.65. The firm has a market cap of $228.15 billion, a PE ratio of 33.75, a price-to-earnings-growth ratio of 3.15 and a beta of 0.82. The company has a 50-day moving average of $475.50 and a two-hundred day moving average of $450.96. 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) last released its quarterly earnings results on Thursday, February 5th. The basic materials company reported $4.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.18 by $0.02. Linde had a net margin of 20.30% and a return on equity of 19.52%. The business had revenue of $8.76 billion for the quarter, compared to the consensus estimate of $8.64 billion. During the same period in the previous year, the firm earned $3.97 EPS. The business’s revenue 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. On average, analysts predict that Linde PLC will post 16.54 EPS for the current year.

Linde Increases Dividend

The company also recently declared 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 represents a $6.40 dividend on an annualized basis and a yield of 1.3%. This is a positive change from Linde’s previous quarterly dividend of $1.50. The ex-dividend date is Wednesday, March 11th. Linde’s payout ratio is currently 43.87%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Morgan Stanley restated an “overweight” rating and issued a $530.00 price target on shares of Linde in a research report on Friday, February 6th. Citigroup lifted their price objective on Linde from $540.00 to $545.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. BMO Capital Markets reissued an “outperform” rating on shares of Linde in a research note on Tuesday, February 10th. Weiss Ratings upgraded Linde from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 18th. Finally, CICC Research began coverage on shares of Linde in a research note on Wednesday, December 3rd. They set an “outperform” rating and a $510.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $515.20.

Insiders Place Their Bets

In other news, EVP Sean Durbin sold 6,520 shares of the firm’s stock in a transaction on 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 completion of 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 SEC, which is available at the SEC website. Also, VP Guillermo Bichara sold 9,455 shares of Linde stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $480.45, for a total value of $4,542,654.75. Following the completion of the sale, the vice president directly owned 22,138 shares of the company’s stock, valued at $10,636,202.10. The trade was a 29.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 20,332 shares of company stock worth $9,749,257 over the last 90 days. 0.70% of the stock is owned by insiders.

About Linde

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.