Linde PLC $LIN Shares Bought by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. lifted its holdings in Linde PLC (NASDAQ:LIN) by 22.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 325,158 shares of the basic materials company’s stock after buying an additional 59,154 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Linde were worth $138,645,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Darwin Wealth Management LLC acquired a new stake in Linde during the second quarter worth about $25,000. Triumph Capital Management lifted its holdings in Linde by 69.2% in the fourth quarter. Triumph Capital Management now owns 66 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 27 shares during the last quarter. KERR FINANCIAL PLANNING Corp acquired a new position in Linde in the third quarter valued at approximately $29,000. Saranac Partners Ltd acquired a new position in Linde in the third quarter valued at approximately $29,000. Finally, Strengthening Families & Communities LLC grew its holdings in shares of Linde by 134.5% during the fourth quarter. Strengthening Families & Communities LLC now owns 68 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 39 shares during the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LIN has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $575.00 price target on shares of Linde in a research report on Monday, May 4th. 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. JPMorgan Chase & Co. upped their price objective on Linde from $525.00 to $530.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $560.00 target price on shares of Linde in a research report on Tuesday, May 5th. Finally, Royal Bank Of Canada raised their target price on Linde from $552.00 to $570.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. One 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. Based on data from MarketBeat.com, Linde presently has an average rating of “Buy” and an average target price of $541.91.

Linde Price Performance

NASDAQ LIN opened at $512.15 on Friday. Linde PLC has a 52 week low of $387.78 and a 52 week 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 stock has a market cap of $236.79 billion, a price-to-earnings ratio of 34.01, a price-to-earnings-growth ratio of 3.21 and a beta of 0.72. The company has a 50-day moving average price of $506.46 and a two-hundred day moving average price of $475.27.

Linde (NASDAQ:LIN) last released its quarterly earnings results 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 company had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $8.60 billion. Linde had a return on equity of 19.80% and a net margin of 20.44%.The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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. Analysts forecast that Linde PLC will post 17.86 EPS for the current year.

Linde Dividend Announcement

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

About Linde

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.