Cibc World Market Inc. Sells 1,764 Shares of Linde PLC $LIN

Cibc World Market Inc. reduced its stake in Linde PLC (NASDAQ:LIN) by 3.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 57,086 shares of the basic materials company’s stock after selling 1,764 shares during the period. Cibc World Market Inc.’s holdings in Linde were worth $24,341,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Darwin Wealth Management LLC acquired a new position in Linde during the second quarter worth $25,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Linde in the 3rd quarter valued at $29,000. Saranac Partners Ltd bought a new stake in shares of Linde in the 3rd quarter worth about $29,000. Strengthening Families & Communities LLC grew its holdings in shares of Linde by 134.5% in the 4th quarter. Strengthening Families & Communities LLC now owns 68 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 39 shares during the last quarter. Finally, High Note Wealth LLC increased its position in shares of Linde by 108.6% during the 4th quarter. High Note Wealth LLC now owns 73 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 38 shares in the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LIN. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $575.00 price target on shares of Linde in a research report on Monday, May 4th. BMO Capital Markets reaffirmed an “outperform” rating and set a $560.00 price objective on shares of Linde in a report on Tuesday, May 5th. UBS Group reissued a “buy” rating and issued a $600.00 target price on shares of Linde in a report on Tuesday. Royal Bank Of Canada increased their price target on Linde from $552.00 to $570.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 5th. Finally, DZ Bank cut Linde from a “buy” rating to a “hold” rating and set a $460.00 price target for the company. in a report on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $541.91.

Linde Stock Down 0.0%

Shares of NASDAQ:LIN opened at $507.45 on Friday. The company has a quick ratio of 0.69, a current ratio of 0.83 and a debt-to-equity ratio of 0.50. The firm has a market cap of $234.62 billion, a P/E ratio of 33.70, a P/E/G ratio of 3.19 and a beta of 0.72. Linde PLC has a 12 month low of $387.78 and a 12 month high of $521.28. The company’s 50-day moving average price is $502.74 and its two-hundred day moving average price is $467.74.

Linde (NASDAQ:LIN) last announced its earnings results on Friday, May 1st. The basic materials company reported $4.33 earnings per share for the quarter, topping analysts’ consensus estimates of $4.27 by $0.06. Linde had a net margin of 20.44% and a return on equity of 19.80%. The company had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.60 billion. During the same period in the previous year, the firm posted $3.95 earnings per share. The company’s revenue was up 8.2% on a year-over-year basis. Linde has set its FY 2026 guidance at 17.600-17.900 EPS and its Q2 2026 guidance at 4.400-4.500 EPS. As a group, research analysts forecast that Linde PLC will post 17.86 EPS for the current fiscal year.

Linde Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $6.40 annualized dividend and a yield of 1.3%. Linde’s dividend payout ratio is currently 42.50%.

Insider Buying and Selling at Linde

In other Linde news, EVP Sean Durbin sold 6,520 shares of the 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 directly owned 8,151 shares in the company, valued at approximately $3,890,227.77. This trade represents a 44.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Guillermo Bichara sold 4,357 shares of the business’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $480.79, for a total value of $2,094,802.03. Following the sale, the vice president owned 22,138 shares of the company’s stock, valued at approximately $10,643,729.02. The trade was a 16.44% decrease in their position. The SEC filing for this sale provides additional information. 0.30% of the stock is currently owned by corporate 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.