CI Investments Inc. Has $22.27 Million Holdings in Linde PLC $LIN

CI Investments Inc. cut its position in shares of Linde PLC (NASDAQ:LIN) by 3.7% in the first quarter, Holdings Channel reports. The institutional investor owned 44,926 shares of the basic materials company’s stock after selling 1,746 shares during the period. CI Investments Inc.’s holdings in Linde were worth $22,273,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Darwin Wealth Management LLC acquired a new position in Linde during the second quarter worth $25,000. Legacy Wealth Managment LLC ID lifted its position in Linde by 96.6% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 57 shares of the basic materials company’s stock worth $28,000 after buying an additional 28 shares in the last quarter. Triumph Capital Management boosted its stake in shares of Linde by 69.2% during the 4th quarter. Triumph Capital Management now owns 66 shares of the basic materials company’s stock worth $28,000 after buying an additional 27 shares during the last quarter. Strengthening Families & Communities LLC boosted its stake in shares of Linde by 134.5% during the 4th quarter. Strengthening Families & Communities LLC now owns 68 shares of the basic materials company’s stock worth $29,000 after buying an additional 39 shares during the last quarter. Finally, High Note Wealth LLC grew its holdings in shares of Linde by 108.6% in the 4th quarter. High Note Wealth LLC now owns 73 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 38 shares in the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LIN has been the topic of several analyst reports. Royal Bank Of Canada reiterated an “outperform” rating on shares of Linde in a report on Friday, July 17th. BMO Capital Markets restated an “outperform” rating and issued a $560.00 price target on shares of Linde in a research note on Tuesday, May 5th. Citigroup started coverage on Linde in a research report on Wednesday, June 24th. They set an “overweight” rating on the stock. Seaport Research Partners upped their price objective on Linde from $525.00 to $575.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Finally, Evercore reissued an “outperform” rating and issued a $525.00 price objective on shares of Linde in a report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $548.67.

Linde Price Performance

Shares of NASDAQ LIN opened at $508.67 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’s 50 day moving average price is $516.04 and its two-hundred day moving average price is $493.27. The company has a market cap of $235.18 billion, a PE ratio of 33.78, a price-to-earnings-growth ratio of 3.19 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 EPS 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 company had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.60 billion. During the same period in the previous year, the company posted $3.95 EPS. The firm’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. On average, analysts predict that Linde PLC will post 17.88 EPS for the current year.

Linde Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were issued a $1.60 dividend. This represents a $6.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Thursday, June 4th. Linde’s payout ratio is currently 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.