Linde PLC $LIN Stock Position Cut by ABN AMRO Bank N.V.

ABN AMRO Bank N.V. cut its stake in Linde PLC (NASDAQ:LIN) by 6.9% in the 1st quarter, Holdings Channel reports. The firm owned 484,371 shares of the basic materials company’s stock after selling 35,808 shares during the period. Linde makes up about 2.6% of ABN AMRO Bank N.V.’s portfolio, making the stock its 8th biggest position. ABN AMRO Bank N.V.’s holdings in Linde were worth $242,479,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of LIN. Darwin Wealth Management LLC purchased a new position in shares of Linde in the 2nd quarter valued at approximately $25,000. Triumph Capital Management grew its stake in Linde by 69.2% in the fourth 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 period. KERR FINANCIAL PLANNING Corp bought a new position in Linde in the third quarter worth $29,000. Saranac Partners Ltd bought a new position in Linde in the third quarter worth $29,000. Finally, Strengthening Families & Communities LLC lifted its position in Linde by 134.5% during the fourth 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 period. 82.80% of the stock is owned by hedge funds and other institutional investors.

Linde Trading Down 0.5%

Linde stock opened at $519.89 on Friday. 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 business’s fifty day simple moving average is $507.96 and its two-hundred day simple moving average is $479.18. Linde PLC has a 12 month low of $387.78 and a 12 month high of $527.94. The company has a market capitalization of $240.37 billion, a price-to-earnings ratio of 34.52, a price-to-earnings-growth ratio of 3.26 and a beta of 0.72.

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

Linde Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of Linde from $525.00 to $530.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Seaport Research Partners increased their price target on shares of Linde from $525.00 to $575.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Citigroup started coverage on shares of Linde in a research report on Wednesday. They set an “overweight” rating for the company. Royal Bank Of Canada boosted their price objective on shares of Linde from $552.00 to $570.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 5th. Finally, UBS Group restated a “buy” rating and issued a $600.00 price objective on shares of Linde in a report on Tuesday, June 2nd. One investment 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, Linde currently has an average rating of “Buy” and an average target price of $543.27.

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.