Linde PLC $LIN Shares Sold by Eventide Asset Management LLC

Eventide Asset Management LLC reduced its stake in shares of Linde PLC (NASDAQ:LIN) by 9.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 21,278 shares of the basic materials company’s stock after selling 2,092 shares during the period. Eventide Asset Management LLC’s holdings in Linde were worth $9,081,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in LIN. Norges Bank bought a new position in Linde during the 4th quarter worth $3,246,750,000. SG Americas Securities LLC grew its stake in Linde by 10,454.4% during the 4th quarter. SG Americas Securities LLC now owns 2,424,869 shares of the basic materials company’s stock worth $1,033,940,000 after buying an additional 2,401,894 shares during the last quarter. Capital International Investors grew its stake in Linde by 20.1% during the 4th quarter. Capital International Investors now owns 7,610,387 shares of the basic materials company’s stock worth $3,245,255,000 after buying an additional 1,275,477 shares during the last quarter. Deutsche Bank AG grew its stake in Linde by 40.2% during the 4th quarter. Deutsche Bank AG now owns 3,941,719 shares of the basic materials company’s stock worth $1,680,710,000 after buying an additional 1,130,001 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new position in Linde during the 3rd quarter worth $453,274,000. 82.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on LIN shares. Citigroup upped their price objective on Linde from $580.00 to $585.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Seaport Research Partners upped their price objective on Linde from $525.00 to $575.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $575.00 price objective on shares of Linde in a research note on Monday, May 4th. Royal Bank Of Canada upped their price objective on Linde from $552.00 to $570.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 5th. Finally, BMO Capital Markets restated an “outperform” rating and set a $560.00 price objective on shares of Linde in a research note on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $541.91.

Linde Stock Performance

Shares of LIN stock opened at $523.57 on Monday. The stock has a 50-day simple moving average of $504.86 and a 200 day simple moving average of $471.96. Linde PLC has a fifty-two week low of $387.78 and a fifty-two week high of $525.82. The stock has a market capitalization of $242.07 billion, a P/E ratio of 34.77, a P/E/G ratio of 3.29 and a beta of 0.72. The company has a quick ratio of 0.69, a current ratio of 0.83 and a debt-to-equity ratio of 0.50.

Linde (NASDAQ:LIN) last announced 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 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 business posted $3.95 earnings per share. The company’s quarterly 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. On average, sell-side analysts expect that Linde PLC will post 17.86 earnings per share for the current fiscal year.

Linde Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be paid a dividend of $1.60 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $6.40 annualized dividend and a yield of 1.2%. Linde’s dividend payout ratio (DPR) is currently 42.50%.

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.