Lazard Asset Management LLC Has $324.83 Million Holdings in Linde PLC $LIN

Lazard Asset Management LLC increased its holdings in Linde PLC (NASDAQ:LIN) by 1.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 654,947 shares of the basic materials company’s stock after purchasing an additional 9,545 shares during the period. Lazard Asset Management LLC’s holdings in Linde were worth $324,826,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of 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 during the last quarter. State Street Corp increased its holdings in shares of Linde by 0.9% during the 3rd quarter. State Street Corp now owns 19,319,583 shares of the basic materials company’s stock valued at $9,176,828,000 after acquiring an additional 172,162 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of 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 during the last quarter. Capital Research Global Investors raised its stake in shares of Linde by 8.6% in 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 raised its stake 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 in the last quarter. 82.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Sanford C. Bernstein set a $559.00 target price on Linde in a research report on Friday, July 17th. Evercore reissued an “outperform” rating and issued a $525.00 price target on shares of Linde in a research report on Friday, July 10th. UBS Group restated a “buy” rating and issued a $600.00 price objective on shares of Linde in a research note on Tuesday, June 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $575.00 price objective on shares of Linde in a report on Monday, May 4th. Finally, JPMorgan Chase & Co. raised their target price on shares of Linde from $525.00 to $530.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $548.67.

Linde Price Performance

NASDAQ LIN opened at $512.28 on Monday. The stock has a 50-day simple moving average of $516.05 and a 200 day simple moving average of $494.37. Linde PLC has a twelve month low of $387.78 and a twelve month high of $548.20. The stock has a market capitalization of $236.85 billion, a PE ratio of 34.02, a P/E/G ratio of 3.23 and a beta of 0.72. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.69 and a current ratio of 0.83.

Linde (NASDAQ:LIN) last released its earnings results on Friday, May 1st. The basic materials company reported $4.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.27 by $0.06. The firm had revenue of $8.78 billion for the quarter, compared to analyst estimates 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 quarter last year, the firm posted $3.95 EPS. Linde has set its FY 2026 guidance at 17.600-17.900 EPS and its Q2 2026 guidance at 4.400-4.500 EPS. Research analysts anticipate that Linde PLC will post 17.89 EPS for the current year.

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.