Linde PLC $LIN Shares Bought by Connable Office Inc.

Connable Office Inc. grew its holdings in shares of Linde PLC (NASDAQ:LIN) by 13.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 10,788 shares of the basic materials company’s stock after buying an additional 1,278 shares during the quarter. Connable Office Inc.’s holdings in Linde were worth $4,600,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Darwin Wealth Management LLC acquired a new position in shares of Linde during the second quarter valued at approximately $25,000. Marquette Asset Management LLC acquired a new position in shares of Linde during the third quarter valued at approximately $27,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Linde during the third quarter valued at approximately $29,000. Saranac Partners Ltd acquired a new position in shares of Linde during the third quarter valued at approximately $29,000. Finally, Strengthening Families & Communities LLC increased its stake in shares of 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 acquiring an additional 39 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Trading Down 0.1%

NASDAQ LIN opened at $493.16 on Friday. Linde PLC has a twelve month low of $387.78 and a twelve month high of $521.28. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.69 and a current ratio of 0.83. The stock has a market cap of $228.01 billion, a price-to-earnings ratio of 32.75, a PEG ratio of 3.10 and a beta of 0.73. The firm’s 50 day moving average price is $496.88 and its two-hundred day moving average price is $457.12.

Linde (NASDAQ:LIN) last released its 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. Linde had a return on equity of 19.80% and a net margin of 20.44%.The company had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $8.60 billion. During the same quarter in the previous year, the business posted $3.95 EPS. The business’s revenue for the quarter 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 analysts anticipate that Linde PLC will post 17.85 EPS for the current year.

Linde Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be paid a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, June 4th. Linde’s payout ratio is 42.50%.

Insider Activity

In other Linde news, VP Guillermo Bichara sold 9,455 shares of Linde stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $480.45, for a total transaction of $4,542,654.75. Following the transaction, the vice president owned 22,138 shares of the company’s stock, valued at $10,636,202.10. The trade was a 29.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Sean Durbin sold 6,520 shares of the business’s stock in a transaction on Tuesday, March 10th. The shares were 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 in the company, valued at approximately $3,890,227.77. This represents a 44.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 20,332 shares of company stock worth $9,749,257. Company insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Royal Bank Of Canada raised their price objective on shares of Linde from $552.00 to $570.00 and gave the company an “outperform” rating in a research note on Tuesday. Erste Group Bank raised Linde from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. Morgan Stanley reaffirmed an “overweight” rating and set a $530.00 target price on shares of Linde in a report on Friday, February 6th. UBS Group lifted their target price on Linde from $550.00 to $579.00 and gave the stock a “buy” rating in a report on Thursday, April 9th. Finally, Citigroup lifted their target price on Linde from $580.00 to $585.00 and gave the stock a “buy” rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $540.00.

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.