Linde PLC $LIN Shares Sold by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC decreased its position in shares of Linde PLC (NASDAQ:LIN) by 1.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 808,967 shares of the basic materials company’s stock after selling 9,397 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Linde were worth $384,259,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of LIN. Norges Bank acquired a new stake in Linde during the second quarter worth about $3,098,772,000. Lazard Asset Management LLC acquired a new position in Linde in the 3rd quarter valued at about $453,274,000. Assenagon Asset Management S.A. boosted its holdings in Linde by 82.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,683,248 shares of the basic materials company’s stock valued at $799,543,000 after purchasing an additional 760,954 shares during the last quarter. Danske Bank A S purchased a new stake in shares of Linde in the 3rd quarter valued at approximately $260,822,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in shares of Linde by 18.5% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,972,515 shares of the basic materials company’s stock valued at $1,394,198,000 after buying an additional 463,977 shares during the period. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. JPMorgan Chase & Co. raised shares of Linde from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $455.00 to $525.00 in a research report on Friday, March 13th. Mizuho set a $525.00 price objective on Linde in a research report on Friday, February 6th. Erste Group Bank raised Linde from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 18th. Royal Bank Of Canada reduced their target price on Linde from $540.00 to $490.00 and set an “outperform” rating on the stock in a research report on Friday, December 12th. Finally, Citigroup upped their price target on Linde from $540.00 to $545.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Linde currently has an average rating of “Buy” and a consensus target price of $515.20.

Insiders Place Their Bets

In related news, EVP Sean Durbin sold 6,520 shares of the stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $477.27, for a total transaction of $3,111,800.40. Following the transaction, the executive vice president owned 8,151 shares of the company’s stock, valued at approximately $3,890,227.77. This represents a 44.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Guillermo Bichara sold 4,357 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $480.79, for a total value of $2,094,802.03. Following the transaction, the vice president owned 22,138 shares of the company’s stock, valued at $10,643,729.02. This trade represents a 16.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 20,332 shares of company stock valued at $9,749,257 over the last ninety days. Insiders own 0.70% of the company’s stock.

Linde Price Performance

Linde stock opened at $494.05 on Wednesday. The company’s 50 day simple moving average is $470.06 and its 200-day simple moving average is $450.26. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.74 and a current ratio of 0.88. Linde PLC has a 1 year low of $387.78 and a 1 year high of $510.65. The company has a market capitalization of $228.94 billion, a price-to-earnings ratio of 33.86, a price-to-earnings-growth ratio of 3.27 and a beta of 0.82.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Thursday, February 5th. The basic materials company reported $4.20 earnings per share for the quarter, topping analysts’ consensus estimates of $4.18 by $0.02. Linde had a net margin of 20.30% and a return on equity of 19.52%. The firm had revenue of $8.76 billion during the quarter, compared to analysts’ expectations of $8.64 billion. During the same quarter last year, the company posted $3.97 EPS. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. Linde has set its Q1 2026 guidance at 4.200-4.300 EPS and its FY 2026 guidance at 17.400-17.900 EPS. As a group, equities research analysts expect that Linde PLC will post 16.54 earnings per share for the current year.

Linde Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Wednesday, March 11th will be given a dividend of $1.60 per share. This is an increase from Linde’s previous quarterly dividend of $1.50. This represents a $6.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Wednesday, March 11th. Linde’s dividend payout ratio (DPR) is 43.87%.

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.