Canoe Financial LP Sells 6,800 Shares of Linde PLC $LIN

Canoe Financial LP cut its holdings in shares of Linde PLC (NASDAQ:LIN) by 20.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,038 shares of the basic materials company’s stock after selling 6,800 shares during the period. Canoe Financial LP’s holdings in Linde were worth $12,909,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Darwin Wealth Management LLC bought a new stake in shares of Linde in the second quarter worth $25,000. Triumph Capital Management raised its position in Linde by 69.2% during the 4th quarter. Triumph Capital Management now owns 66 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 27 shares during the last quarter. KERR FINANCIAL PLANNING Corp acquired a new position in Linde during the 3rd quarter worth about $29,000. Saranac Partners Ltd bought a new stake in shares of Linde in the 3rd quarter valued at about $29,000. Finally, Strengthening Families & Communities LLC grew 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 buying an additional 39 shares during the last quarter. 82.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Weiss Ratings upgraded Linde from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 13th. Seaport Research Partners upped their target price on Linde from $525.00 to $575.00 and gave the company a “buy” rating in a report on Friday, April 17th. Royal Bank Of Canada increased their target price on shares of Linde from $552.00 to $570.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. UBS Group restated a “buy” rating and set a $600.00 price target on shares of Linde in a report on Tuesday, June 2nd. Finally, 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. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $543.27.

Linde Stock Up 0.1%

Shares of NASDAQ:LIN opened at $519.89 on Monday. Linde PLC has a 1 year low of $387.78 and a 1 year high of $527.94. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.69. The business’s 50-day moving average is $507.96 and its 200-day moving average is $479.81. The company has a market capitalization of $240.37 billion, a price-to-earnings ratio of 34.52, a P/E/G ratio of 3.26 and a beta of 0.72.

Linde (NASDAQ:LIN) last released its earnings results on Friday, May 1st. The basic materials company reported $4.33 EPS for the quarter, topping the consensus estimate of $4.27 by $0.06. Linde had a return on equity of 19.80% and a net margin of 20.44%.The business had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $8.60 billion. During the same quarter last year, the firm posted $3.95 earnings per share. The firm’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. Equities research analysts predict that Linde PLC will post 17.86 earnings per share for the current year.

Linde Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were given a dividend of $1.60 per share. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $6.40 annualized dividend and a dividend yield of 1.2%. Linde’s dividend payout ratio (DPR) is 42.50%.

Linde Company 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.