SteelPeak Wealth LLC Has $15.04 Million Position in Linde PLC $LIN

SteelPeak Wealth LLC grew its position in Linde PLC (NASDAQ:LIN) by 34.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 35,272 shares of the basic materials company’s stock after buying an additional 9,028 shares during the period. SteelPeak Wealth LLC’s holdings in Linde were worth $15,040,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC lifted its stake in Linde by 10,454.4% in the 4th 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 purchasing an additional 2,401,894 shares during the last quarter. Lazard Asset Management LLC bought a new position in Linde during the third quarter worth about $453,274,000. Assenagon Asset Management S.A. increased its position in Linde by 82.5% during the third quarter. Assenagon Asset Management S.A. now owns 1,683,248 shares of the basic materials company’s stock worth $799,543,000 after buying an additional 760,954 shares during the last quarter. Danske Bank A S bought a new stake in Linde in the third quarter valued at approximately $260,822,000. Finally, Nordea Investment Management AB raised its stake in Linde by 34.5% in the fourth quarter. Nordea Investment Management AB now owns 2,124,882 shares of the basic materials company’s stock valued at $910,129,000 after buying an additional 544,850 shares during the period. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP Guillermo Bichara sold 4,357 shares of Linde stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $480.79, for a total transaction of $2,094,802.03. Following the completion of the sale, the vice president owned 22,138 shares of the company’s stock, valued at approximately $10,643,729.02. This trade represents a 16.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Sean Durbin sold 6,520 shares of the business’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $477.27, for a total transaction of $3,111,800.40. Following the completion of the sale, the executive vice president directly owned 8,151 shares of the company’s stock, valued at approximately $3,890,227.77. The trade was a 44.44% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 20,332 shares of company stock valued at $9,749,257 in the last three months. Insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. UBS Group reiterated a “buy” rating on shares of Linde in a research note on Wednesday, March 11th. Citigroup increased their price target on Linde from $540.00 to $545.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Royal Bank Of Canada cut their price target on Linde from $540.00 to $490.00 and set an “outperform” rating for the company in a report on Friday, December 12th. Morgan Stanley reaffirmed an “overweight” rating and set a $530.00 price objective on shares of Linde in a research report on Friday, February 6th. Finally, JPMorgan Chase & Co. upgraded shares of Linde from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $455.00 to $525.00 in a report on Friday, March 13th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $515.20.

Linde Stock Performance

Shares of NASDAQ:LIN opened at $502.60 on Friday. Linde PLC has a 12-month low of $387.78 and a 12-month high of $510.65. The stock has a market cap of $232.90 billion, a PE ratio of 34.45, a P/E/G ratio of 3.30 and a beta of 0.78. The business has a 50 day moving average of $483.36 and a 200-day moving average of $452.12. The company has a quick ratio of 0.74, a current ratio of 0.88 and a debt-to-equity ratio of 0.52.

Linde (NASDAQ:LIN) last announced its earnings results on Thursday, February 5th. The basic materials company reported $4.20 earnings per share for the quarter, topping analysts’ consensus estimates of $4.18 by $0.02. The company had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.64 billion. Linde had a return on equity of 19.52% and a net margin of 20.30%.The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the company earned $3.97 earnings per share. Linde has set its Q1 2026 guidance at 4.200-4.300 EPS and its FY 2026 guidance at 17.400-17.900 EPS. As a group, equities research analysts forecast that Linde PLC will post 16.54 earnings per share for the current year.

Linde Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Wednesday, March 11th were given a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a yield of 1.3%. The ex-dividend date was Wednesday, March 11th. This is a positive change from Linde’s previous quarterly dividend of $1.50. Linde’s dividend payout ratio (DPR) is 43.87%.

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.