Canoe Financial LP Raises Stock Holdings in Linde PLC $LIN

Canoe Financial LP raised its holdings in Linde PLC (NASDAQ:LIN) by 6.5% during the 4th quarter, Holdings Channel reports. The firm owned 32,838 shares of the basic materials company’s stock after buying an additional 2,000 shares during the quarter. Canoe Financial LP’s holdings in Linde were worth $14,002,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Darwin Wealth Management LLC purchased a new position in Linde during the second quarter valued at $25,000. Marquette Asset Management LLC acquired a new position in shares of Linde during the third quarter valued at approximately $27,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Linde during the third quarter valued at approximately $29,000. YANKCOM Partnership lifted its position in shares of Linde by 195.2% in the third quarter. YANKCOM Partnership now owns 62 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 41 shares in the last quarter. Finally, Guerra Advisors Inc purchased a new position in shares of Linde in the third quarter valued at approximately $30,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Linde Stock Performance

NASDAQ LIN opened at $491.12 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.74 and a current ratio of 0.88. The stock’s fifty day moving average is $477.66 and its two-hundred day moving average is $451.23. The firm has a market capitalization of $227.58 billion, a P/E ratio of 33.66, a price-to-earnings-growth ratio of 3.23 and a beta of 0.82. Linde PLC has a fifty-two week low of $387.78 and a fifty-two week high of $510.65.

Linde (NASDAQ:LIN) last issued its earnings results on Thursday, February 5th. The basic materials company reported $4.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.18 by $0.02. Linde had a return on equity of 19.52% and a net margin of 20.30%.The business had revenue of $8.76 billion during the quarter, compared to the consensus estimate of $8.64 billion. During the same period last year, the company earned $3.97 EPS. The company’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. On average, research analysts anticipate that Linde PLC will post 16.54 earnings per share for the current year.

Linde Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Wednesday, March 11th were issued a dividend of $1.60 per share. The ex-dividend date was Wednesday, March 11th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.3%. This is an increase from Linde’s previous quarterly dividend of $1.50. Linde’s payout ratio is 43.87%.

Analysts Set New Price Targets

Several brokerages recently commented on LIN. Morgan Stanley reiterated an “overweight” rating and set a $530.00 price target on shares of Linde in a research report on Friday, February 6th. Erste Group Bank upgraded Linde from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. Mizuho set a $525.00 target price on shares of Linde in a research note on Friday, February 6th. Royal Bank Of Canada dropped their target price on shares of Linde from $540.00 to $490.00 and set an “outperform” rating for the company in a report on Friday, December 12th. Finally, DZ Bank cut shares of Linde from a “buy” rating to a “hold” rating and set a $460.00 target price for the company. in a research report on Tuesday, February 10th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $515.20.

Insider Buying and Selling

In related news, VP Guillermo Bichara sold 9,455 shares of the company’s stock in a transaction that occurred 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 value of $3,111,800.40. Following the sale, 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 position. The SEC filing for this sale provides additional information. Insiders sold 20,332 shares of company stock worth $9,749,257 over the last quarter. 0.70% of the stock is currently owned by insiders.

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.