Arrowstreet Capital Limited Partnership Purchases 807,370 Shares of Linde PLC $LIN

Arrowstreet Capital Limited Partnership grew its position in Linde PLC (NASDAQ:LIN) by 177.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,263,064 shares of the basic materials company’s stock after purchasing an additional 807,370 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Linde were worth $538,558,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Darwin Wealth Management LLC bought a new position in shares of Linde in the second quarter worth approximately $25,000. Triumph Capital Management boosted its position in shares of Linde by 69.2% in the fourth quarter. Triumph Capital Management now owns 66 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 27 shares during the period. KERR FINANCIAL PLANNING Corp bought a new position in shares of Linde in the third quarter worth approximately $29,000. Saranac Partners Ltd bought a new position in shares of Linde in the third quarter worth approximately $29,000. Finally, Strengthening Families & Communities LLC boosted its position in shares of Linde by 134.5% in the fourth quarter. Strengthening Families & Communities LLC now owns 68 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 39 shares during the period. 82.80% of the stock is currently owned by institutional investors.

Linde Price Performance

Shares of NASDAQ:LIN opened at $523.57 on Friday. 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 firm has a fifty day moving average price of $504.86 and a 200 day moving average price of $471.51. Linde PLC has a fifty-two week low of $387.78 and a fifty-two week high of $525.82. The firm has a market cap of $242.07 billion, a price-to-earnings ratio of 34.77, a P/E/G ratio of 3.29 and a beta of 0.72.

Linde (NASDAQ:LIN) last issued its earnings results on Friday, May 1st. The basic materials company reported $4.33 earnings per share for the quarter, topping analysts’ consensus estimates of $4.27 by $0.06. Linde had a net margin of 20.44% and a return on equity of 19.80%. The firm had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.60 billion. During the same quarter in the prior year, the business earned $3.95 earnings per share. Linde’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. As a group, sell-side analysts expect that Linde PLC will post 17.86 earnings per share for the current fiscal year.

Linde Announces Dividend

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

Wall Street Analysts Forecast Growth

LIN has been the subject of a number of recent analyst reports. BMO Capital Markets reiterated an “outperform” rating and issued a $560.00 price target on shares of Linde in a research report on Tuesday, May 5th. Weiss Ratings upgraded shares of Linde from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 13th. Erste Group Bank upgraded shares of Linde from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. UBS Group restated a “buy” rating and set a $600.00 target price on shares of Linde in a research report on Tuesday, June 2nd. Finally, Citigroup upped their target price on shares of Linde from $580.00 to $585.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $541.91.

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.