Nixon Peabody Trust Co. Sells 1,182 Shares of Linde PLC $LIN

Nixon Peabody Trust Co. lessened its holdings in Linde PLC (NASDAQ:LIN) by 6.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 17,544 shares of the basic materials company’s stock after selling 1,182 shares during the period. Nixon Peabody Trust Co.’s holdings in Linde were worth $8,698,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LIN. Vanguard Group Inc. raised its stake in Linde by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 44,953,116 shares of the basic materials company’s stock worth $19,167,559,000 after buying an additional 354,800 shares in the last quarter. State Street Corp lifted its holdings in Linde by 0.9% during the third quarter. State Street Corp now owns 19,319,583 shares of the basic materials company’s stock worth $9,176,828,000 after buying an additional 172,162 shares during the period. Geode Capital Management LLC boosted its position in Linde by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 11,353,011 shares of the basic materials company’s stock valued at $4,820,533,000 after acquiring an additional 35,945 shares in the last quarter. Capital Research Global Investors boosted its position in Linde by 8.6% during the 4th quarter. Capital Research Global Investors now owns 10,127,594 shares of the basic materials company’s stock valued at $4,318,325,000 after acquiring an additional 797,866 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Linde by 7.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,784,371 shares of the basic materials company’s stock valued at $4,171,959,000 after acquiring an additional 695,771 shares during the period. 82.80% of the stock is currently owned by institutional investors.

Linde Price Performance

Shares of LIN opened at $546.64 on Friday. The company has a 50 day moving average of $511.51 and a two-hundred day moving average of $483.83. 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 PLC has a twelve month low of $387.78 and a twelve month high of $547.22. The company has a market cap of $252.74 billion, a price-to-earnings ratio of 36.30, a price-to-earnings-growth ratio of 3.43 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 (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $8.60 billion. During the same period in the prior year, the firm posted $3.95 earnings per share. The business’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. As a group, analysts predict that Linde PLC will post 17.86 earnings per share for the current fiscal year.

Linde Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on LIN. Citigroup assumed coverage on Linde in a research report on Wednesday, June 24th. They issued an “overweight” rating for the company. JPMorgan Chase & Co. raised their price objective on Linde from $525.00 to $530.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Royal Bank Of Canada lifted their target price on Linde from $552.00 to $570.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $575.00 target price on shares of Linde in a report on Monday, May 4th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $560.00 price target on shares of Linde in a research report 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 given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $543.27.

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.