Andra AP fonden Buys Shares of 44,310 Linde PLC $LIN

Andra AP fonden bought a new stake in shares of Linde PLC (NASDAQ:LIN) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 44,310 shares of the basic materials company’s stock, valued at approximately $18,893,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of LIN. Darwin Wealth Management LLC acquired a new position in Linde during the second quarter worth about $25,000. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Linde in the 3rd quarter worth approximately $29,000. Saranac Partners Ltd bought a new stake in shares of Linde in the 3rd quarter worth approximately $29,000. Strengthening Families & Communities LLC raised 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 in the last quarter. Finally, High Note Wealth LLC raised its holdings in shares of Linde by 108.6% in 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. Institutional investors own 82.80% of the company’s stock.

Linde Stock Up 1.2%

LIN stock opened at $515.44 on Friday. Linde PLC has a 52-week low of $387.78 and a 52-week high of $522.89. The company’s 50 day simple moving average is $504.26 and its 200-day simple moving average is $471.14. 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 firm has a market capitalization of $238.31 billion, a P/E ratio of 34.23, a P/E/G ratio of 3.20 and a beta of 0.72.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Friday, May 1st. The basic materials company reported $4.33 earnings per share (EPS) for the quarter, beating 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 business had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.60 billion. During the same quarter in the previous year, the business earned $3.95 earnings per share. The firm’s revenue was up 8.2% compared to the same quarter last year. 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 anticipate 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. Stockholders of record on Thursday, June 4th will be issued a dividend of $1.60 per share. The ex-dividend date is Thursday, June 4th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.2%. Linde’s payout ratio is currently 42.50%.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Citigroup boosted their target price on shares of Linde from $580.00 to $585.00 and gave the stock a “buy” rating in a report on Monday, May 4th. JPMorgan Chase & Co. boosted their target price on shares of Linde from $525.00 to $530.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Seaport Research Partners boosted their target price on shares of Linde from $525.00 to $575.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Erste Group Bank upgraded shares of Linde from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $560.00 target price on shares of Linde in a report on Tuesday, May 5th. One equities research 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price 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.