Resona Asset Management Co. Ltd. Decreases Position in Linde PLC $LIN

Resona Asset Management Co. Ltd. lessened its holdings in shares of Linde PLC (NASDAQ:LIN) by 5.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 120,499 shares of the basic materials company’s stock after selling 7,598 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Linde were worth $51,380,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Darwin Wealth Management LLC acquired a new position in Linde during the 2nd quarter valued at approximately $25,000. KERR FINANCIAL PLANNING Corp purchased a new position in Linde in the 3rd quarter worth $29,000. Saranac Partners Ltd purchased a new position in Linde in the 3rd quarter worth $29,000. Strengthening Families & Communities LLC raised its stake in Linde by 134.5% in the 4th quarter. Strengthening Families & Communities LLC now owns 68 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 39 shares during the last quarter. Finally, Guerra Advisors Inc purchased a new position in Linde in the 3rd quarter worth $30,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insider Transactions at Linde

In other news, VP Guillermo Bichara sold 4,357 shares of the firm’s stock in a transaction dated 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 sale, the vice president directly owned 22,138 shares in the company, valued at $10,643,729.02. This trade represents a 16.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Sean Durbin sold 6,520 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $477.27, for a total value of $3,111,800.40. Following the sale, the executive vice president owned 8,151 shares in the company, valued at $3,890,227.77. This trade represents a 44.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.30% of the stock is owned by company insiders.

Linde Stock Performance

NASDAQ LIN opened at $510.86 on Tuesday. The stock has a 50-day simple moving average of $497.44 and a two-hundred day simple moving average of $459.99. The firm has a market capitalization of $236.20 billion, a P/E ratio of 33.92, a PEG ratio of 3.18 and a beta of 0.73. Linde PLC has a fifty-two week low of $387.78 and a fifty-two week high of $521.28. 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 quarterly earnings data on Friday, May 1st. The basic materials company reported $4.33 earnings per share for the quarter, beating analysts’ consensus estimates of $4.27 by $0.06. The business had revenue of $8.78 billion during 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 business 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. On average, equities analysts forecast that Linde PLC will post 17.86 earnings per share for the current year.

Linde Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders 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 1.3%. Linde’s dividend payout ratio (DPR) is 42.50%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on LIN. Morgan Stanley restated an “overweight” rating and issued a $530.00 target price on shares of Linde in a research note on Friday, February 6th. DZ Bank lowered Linde from a “buy” rating to a “hold” rating and set a $460.00 target price for the company. in a research note on Tuesday, February 10th. Mizuho set a $525.00 target price on Linde in a research note on Friday, February 6th. Citigroup raised their target price on Linde from $580.00 to $585.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Finally, Royal Bank Of Canada raised their target price on Linde from $552.00 to $570.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $540.00.

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.