Concentric Capital Strategies LP Increases Stake in Linde PLC $LIN

Concentric Capital Strategies LP lifted its holdings in Linde PLC (NASDAQ:LIN) by 743.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 53,302 shares of the basic materials company’s stock after buying an additional 46,980 shares during the quarter. Linde comprises 1.1% of Concentric Capital Strategies LP’s portfolio, making the stock its 9th biggest holding. Concentric Capital Strategies LP’s holdings in Linde were worth $22,727,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in LIN. Consulta Ltd acquired a new stake in Linde in the 4th quarter valued at about $76,750,000. City National Bank of Florida MSD raised its stake in shares of Linde by 7.2% in the fourth quarter. City National Bank of Florida MSD now owns 1,104 shares of the basic materials company’s stock worth $471,000 after acquiring an additional 74 shares during the last quarter. Asset One Wealth Management LLC acquired a new position in shares of Linde during the fourth quarter worth approximately $321,000. Aureus Asset Management LLC lifted its position in shares of Linde by 7,526.1% during the fourth quarter. Aureus Asset Management LLC now owns 54,603 shares of the basic materials company’s stock worth $23,282,000 after purchasing an additional 53,887 shares in the last quarter. Finally, Basso Capital Management L.P. bought a new stake in shares of Linde during the fourth quarter valued at approximately $252,000. Institutional investors own 82.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on LIN. JPMorgan Chase & Co. raised their price target on shares of Linde from $525.00 to $530.00 and gave the company an “overweight” rating in a report on Monday, May 4th. BMO Capital Markets reiterated an “outperform” rating and issued a $560.00 price objective on shares of Linde in a research report on Tuesday, May 5th. 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. Erste Group Bank upgraded Linde from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. Finally, UBS Group reaffirmed a “buy” rating and set a $600.00 price target on shares of Linde in a research note on Tuesday, June 2nd. One equities research 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’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $541.91.

Linde Stock Down 0.4%

Shares of NASDAQ:LIN opened at $515.85 on Thursday. Linde PLC has a 52 week low of $387.78 and a 52 week high of $525.87. 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 company has a market capitalization of $238.50 billion, a PE ratio of 34.25, a PEG ratio of 3.25 and a beta of 0.72. The company has a 50 day moving average price of $505.88 and a two-hundred day moving average price of $474.29.

Linde (NASDAQ:LIN) last announced its quarterly 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 company had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $8.60 billion. During the same period last year, the firm posted $3.95 earnings per share. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. Linde has set its FY 2026 guidance at 17.600-17.900 EPS and its Q2 2026 guidance at 4.400-4.500 EPS. Analysts forecast that Linde PLC will post 17.86 earnings per share 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 issued a dividend of $1.60 per share. The ex-dividend date is Thursday, June 4th. This represents a $6.40 annualized dividend and a yield of 1.2%. Linde’s payout ratio is currently 42.50%.

Linde Company 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.