Linde PLC $LIN Shares Sold by Eventide Asset Management LLC

Eventide Asset Management LLC cut its stake in shares of Linde PLC (NASDAQ:LIN) by 9.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 21,278 shares of the basic materials company’s stock after selling 2,092 shares during the period. Eventide Asset Management LLC’s holdings in Linde were worth $9,081,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LIN. Darwin Wealth Management LLC acquired a new position in shares of Linde in the 2nd quarter valued at approximately $25,000. Triumph Capital Management raised its position in shares of Linde by 69.2% in the 4th quarter. Triumph Capital Management now owns 66 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 27 shares in the last quarter. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Linde in the 3rd quarter valued at approximately $29,000. Saranac Partners Ltd acquired a new position in shares of Linde in the 3rd quarter valued at approximately $29,000. Finally, Strengthening Families & Communities LLC raised its position 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 valued at $29,000 after purchasing an additional 39 shares in the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Linde Stock Performance

LIN stock opened at $523.57 on Monday. 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 firm has a market cap of $242.07 billion, a P/E ratio of 34.77, a P/E/G ratio of 3.29 and a beta of 0.72. Linde PLC has a 12-month low of $387.78 and a 12-month high of $525.82. The stock’s 50 day simple moving average is $504.86 and its 200 day simple moving average is $471.96.

Linde (NASDAQ:LIN) last posted its quarterly earnings results on Friday, May 1st. The basic materials company reported $4.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.27 by $0.06. The business had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.60 billion. Linde had a return on equity of 19.80% and a net margin of 20.44%.The business’s revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the company posted $3.95 EPS. 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, equities research analysts predict that Linde PLC will post 17.86 EPS for the current year.

Linde Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be given a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, June 4th. Linde’s dividend payout ratio is currently 42.50%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. UBS Group reaffirmed a “buy” rating and issued a $600.00 target price on shares of Linde in a research report on Tuesday, June 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $575.00 target price on shares of Linde in a research report on Monday, May 4th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $560.00 target price on shares of Linde in a research report on Tuesday, May 5th. Royal Bank Of Canada upped their target price on Linde from $552.00 to $570.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. Finally, Citigroup upped their target price on Linde from $580.00 to $585.00 and gave the company a “buy” rating in a research report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $541.91.

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.