PNC Financial Services Group Inc. Sells 27,502 Shares of Linde PLC $LIN

PNC Financial Services Group Inc. cut its position in shares of Linde PLC (NASDAQ:LIN) by 5.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 508,639 shares of the basic materials company’s stock after selling 27,502 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Linde were worth $216,878,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of LIN. Darwin Wealth Management LLC bought a new position in Linde during the 2nd quarter worth approximately $25,000. KERR FINANCIAL PLANNING Corp bought a new position in Linde during the 3rd quarter worth approximately $29,000. Guerra Advisors Inc bought a new position in Linde during the 3rd quarter worth approximately $30,000. Saranac Partners Ltd bought a new position in Linde during the 3rd quarter worth approximately $29,000. Finally, Caitlin John LLC bought a new position in Linde during the 3rd quarter worth approximately $32,000. 82.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

LIN has been the topic of several recent research reports. Weiss Ratings upgraded Linde from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 13th. Erste Group Bank upgraded Linde from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. JPMorgan Chase & Co. raised their price target on Linde from $525.00 to $530.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Mizuho set a $525.00 price target on Linde in a research report on Friday, February 6th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $575.00 price target on shares of Linde in a research report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $540.00.

Linde Price Performance

Shares of Linde stock opened at $506.63 on Thursday. The company has a quick ratio of 0.69, a current ratio of 0.83 and a debt-to-equity ratio of 0.50. The company has a market cap of $234.24 billion, a PE ratio of 33.64, a P/E/G ratio of 3.18 and a beta of 0.73. The business has a 50 day moving average of $498.33 and a 200 day moving average of $461.05. Linde PLC has a 52 week low of $387.78 and a 52 week high of $521.28.

Linde (NASDAQ:LIN) last announced its earnings results on Friday, May 1st. The basic materials company reported $4.33 EPS for the quarter, beating analysts’ consensus estimates of $4.27 by $0.06. The company had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.60 billion. Linde had a return on equity of 19.80% and a net margin of 20.44%.The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.95 earnings per share. 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, equities research 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. Investors of record on Thursday, June 4th will be issued a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Thursday, June 4th. Linde’s dividend payout ratio is currently 42.50%.

Insider Buying and Selling

In related news, VP Guillermo Bichara sold 4,357 shares of the company’s stock in a transaction that occurred 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 transaction, the vice president owned 22,138 shares in the company, valued at $10,643,729.02. This represents a 16.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Sean Durbin sold 6,520 shares of the company’s stock in a transaction that occurred on 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 transaction, the executive vice president owned 8,151 shares of the company’s stock, valued at approximately $3,890,227.77. This represents a 44.44% decrease in their position. The SEC filing for this sale provides additional information. 0.30% of the stock is owned by corporate insiders.

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.