Bank of New York Mellon Corp Sells 240,100 Shares of Linde PLC $LIN

Bank of New York Mellon Corp lowered its stake in Linde PLC (NASDAQ:LIN) by 4.5% in the 1st quarter, HoldingsChannel reports. The fund owned 5,100,531 shares of the basic materials company’s stock after selling 240,100 shares during the period. Bank of New York Mellon Corp’s holdings in Linde were worth $2,528,639,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in LIN. Capital International Investors boosted its position in shares of Linde by 20.1% during 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 buying an additional 1,275,477 shares during the period. S.E.E.D. Planning Group LLC grew its stake 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 valued at $11,658,000 after buying an additional 2,234 shares during the last quarter. J. Safra Sarasin Holding AG raised its holdings in shares of Linde by 3.0% in the fourth 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 period. Boston Trust Walden Corp raised its holdings in shares of Linde by 143.4% in the fourth quarter. Boston Trust Walden Corp now owns 15,044 shares of the basic materials company’s stock worth $6,415,000 after buying an additional 8,863 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Linde by 177.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,263,064 shares of the basic materials company’s stock worth $538,558,000 after acquiring an additional 807,370 shares during the last quarter. 82.80% of the stock is owned by institutional investors.

Linde Trading Down 1.6%

Shares of NASDAQ LIN opened at $514.15 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 business has a fifty day simple moving average of $515.01 and a two-hundred day simple moving average of $490.26. The firm has a market cap of $237.72 billion, a PE ratio of 34.14, a price-to-earnings-growth ratio of 3.28 and a beta of 0.72. Linde PLC has a twelve month low of $387.78 and a twelve month high of $548.20.

Linde (NASDAQ:LIN) last issued its earnings results on Friday, May 1st. The basic materials company reported $4.33 earnings per share for the quarter, topping the consensus estimate of $4.27 by $0.06. Linde had a return on equity of 19.80% and a net margin of 20.44%.The business had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $8.60 billion. During the same period in the prior year, the business earned $3.95 EPS. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. 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 expect that Linde PLC will post 17.86 earnings per share for the current fiscal year.

Linde Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on LIN shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $575.00 price objective on shares of Linde in a report on Monday, May 4th. JPMorgan Chase & Co. lifted their target price on Linde from $525.00 to $530.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. BMO Capital Markets reissued an “outperform” rating and set a $560.00 target price on shares of Linde in a research note on Tuesday, May 5th. Weiss Ratings upgraded shares of Linde from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. Finally, Evercore restated an “outperform” rating and issued a $525.00 price target on shares of Linde in a report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $541.75.

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.