Resona Asset Management Co. Ltd. Has $60.22 Million Position in Linde PLC $LIN

Resona Asset Management Co. Ltd. boosted its holdings in Linde PLC (NASDAQ:LIN) by 0.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 121,459 shares of the basic materials company’s stock after buying an additional 960 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Linde were worth $60,215,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Norges Bank bought a new stake in Linde during the 4th quarter worth approximately $3,246,750,000. SG Americas Securities LLC raised its stake in shares of Linde by 10,454.4% during the fourth quarter. SG Americas Securities LLC now owns 2,424,869 shares of the basic materials company’s stock valued at $1,033,940,000 after acquiring an additional 2,401,894 shares during the last quarter. Auto Owners Insurance Co raised its stake in shares of Linde by 42,539.0% during the fourth quarter. Auto Owners Insurance Co now owns 1,321,809 shares of the basic materials company’s stock valued at $56,361,000 after acquiring an additional 1,318,709 shares during the last quarter. Capital International Investors lifted its holdings in shares of Linde by 20.1% during the fourth quarter. Capital International Investors now owns 7,610,387 shares of the basic materials company’s stock worth $3,245,255,000 after purchasing an additional 1,275,477 shares during the period. Finally, Deutsche Bank AG lifted its holdings in shares of Linde by 40.2% during the fourth quarter. Deutsche Bank AG now owns 3,941,719 shares of the basic materials company’s stock worth $1,680,710,000 after purchasing an additional 1,130,001 shares during the period. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LIN has been the topic of several analyst reports. Citigroup assumed coverage on shares of Linde in a research note on Wednesday, June 24th. They issued an “overweight” rating on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $575.00 target price on shares of Linde in a report on Monday, May 4th. Weiss Ratings upgraded Linde from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 13th. BMO Capital Markets reissued an “outperform” rating and issued a $560.00 price target on shares of Linde in a research note on Tuesday, May 5th. Finally, UBS Group restated a “buy” rating and set a $600.00 price objective on shares of Linde in a research report on Tuesday, June 2nd. One 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 stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $543.27.

Linde Stock Down 2.0%

Shares of NASDAQ LIN opened at $527.67 on Thursday. The company’s 50 day moving average price is $513.06 and its 200-day moving average price is $486.71. 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 PLC has a 52-week low of $387.78 and a 52-week high of $548.20. The company has a market capitalization of $243.97 billion, a P/E ratio of 35.04, a price-to-earnings-growth ratio of 3.38 and a beta of 0.72.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Friday, May 1st. The basic materials company reported $4.33 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $8.60 billion. During the same period in the prior year, the company posted $3.95 earnings per share. Linde’s revenue for the quarter 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. Equities analysts forecast that Linde PLC will post 17.86 earnings per share for the current year.

Linde Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were issued a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Thursday, June 4th. Linde’s dividend payout ratio (DPR) is presently 42.50%.

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.