Banque Transatlantique SA Cuts Stake in Linde PLC $LIN

Banque Transatlantique SA cut its stake in Linde PLC (NASDAQ:LIN) by 8.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,953 shares of the basic materials company’s stock after selling 5,457 shares during the quarter. Banque Transatlantique SA’s holdings in Linde were worth $26,150,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital International Investors boosted its stake in Linde by 20.1% in the fourth quarter. Capital International Investors now owns 7,610,387 shares of the basic materials company’s stock valued at $3,245,255,000 after acquiring an additional 1,275,477 shares in the last quarter. S.E.E.D. Planning Group LLC increased its position in shares of Linde by 8.9% during the fourth quarter. S.E.E.D. Planning Group LLC now owns 27,341 shares of the basic materials company’s stock worth $11,658,000 after purchasing an additional 2,234 shares in the last quarter. Temasek Holdings Private Ltd lifted its holdings in shares of Linde by 45.5% in the 3rd quarter. Temasek Holdings Private Ltd now owns 236,206 shares of the basic materials company’s stock valued at $112,198,000 after purchasing an additional 73,850 shares during the last quarter. Boston Trust Walden Corp boosted its position in shares of Linde by 143.4% in the 4th quarter. Boston Trust Walden Corp now owns 15,044 shares of the basic materials company’s stock valued at $6,415,000 after purchasing an additional 8,863 shares during the period. Finally, J. Safra Sarasin Holding AG grew its stake in Linde by 3.0% during the 4th quarter. J. Safra Sarasin Holding AG now owns 83,262 shares of the basic materials company’s stock worth $35,493,000 after buying an additional 2,408 shares during the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LIN has been the subject of a number of research reports. Weiss Ratings upgraded Linde from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 13th. JPMorgan Chase & Co. upped their price target on shares of Linde from $525.00 to $530.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $575.00 price target on shares of Linde in a research note on Monday, May 4th. Citigroup lifted their price objective on shares of Linde from $580.00 to $585.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Finally, UBS Group reissued a “buy” rating and set a $600.00 price target on shares of Linde in a report on Tuesday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Linde currently has an average rating of “Buy” and an average target price of $541.91.

Linde Trading Down 0.7%

Shares of LIN opened at $512.15 on Friday. Linde PLC has a twelve month low of $387.78 and a twelve month high of $525.87. The company has a current ratio of 0.83, a quick ratio of 0.69 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $236.79 billion, a P/E ratio of 34.01, a PEG ratio of 3.24 and a beta of 0.72. The firm’s 50-day moving average is $506.23 and its two-hundred day moving average is $475.01.

Linde (NASDAQ:LIN) last posted its quarterly earnings results on Friday, May 1st. The basic materials company reported $4.33 earnings per share (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 net margin of 20.44% and a return on equity of 19.80%. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period last year, the firm earned $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, research analysts predict that Linde PLC will post 17.86 earnings per share for the current fiscal year.

Linde Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were given 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 payout ratio is presently 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.