Hikari Power Ltd Acquires New Position in Linde PLC $LIN

Hikari Power Ltd acquired a new stake in Linde PLC (NASDAQ:LIN) during the second quarter, HoldingsChannel reports. The fund acquired 40,400 shares of the basic materials company’s stock, valued at approximately $20,965,000. Linde comprises about 2.5% of Hikari Power Ltd’s investment portfolio, making the stock its 7th largest holding.

A number of other institutional investors have also recently bought and sold shares of LIN. Atwood & Palmer Inc. lifted its stake in shares of Linde by 12.9% in the 2nd quarter. Atwood & Palmer Inc. now owns 175 shares of the basic materials company’s stock valued at $91,000 after purchasing an additional 20 shares during the period. Meadowbrook Advisors Group LLC boosted its position in shares of Linde by 4.3% in the 1st quarter. Meadowbrook Advisors Group LLC now owns 511 shares of the basic materials company’s stock worth $253,000 after purchasing an additional 21 shares during the last quarter. Blalock Williams LLC grew its stake in shares of Linde by 4.5% during the fourth quarter. Blalock Williams LLC now owns 510 shares of the basic materials company’s stock worth $217,000 after purchasing an additional 22 shares during the period. Mutual Advisors LLC grew its stake in shares of Linde by 2.0% during the fourth quarter. Mutual Advisors LLC now owns 1,102 shares of the basic materials company’s stock worth $470,000 after purchasing an additional 22 shares during the period. Finally, Valmark Advisers Inc. increased its holdings in Linde by 0.5% in the first quarter. Valmark Advisers Inc. now owns 4,159 shares of the basic materials company’s stock valued at $2,062,000 after purchasing an additional 22 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analysts Set New Price Targets

LIN has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $575.00 target price on shares of Linde in a research note on Monday, May 4th. Sanford C. Bernstein boosted their target price on Linde from $559.00 to $564.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. BMO Capital Markets lowered their price target on Linde from $560.00 to $546.00 and set an “outperform” rating for the company in a research note on Monday, August 10th. The Goldman Sachs Group set a $580.00 price target on shares of Linde in a research report on Monday, August 10th. Finally, Evercore restated an “outperform” rating and set 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 issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $545.38.

Linde Price Performance

Shares of Linde stock opened at $482.74 on Monday. The company has a market capitalization of $222.53 billion, a P/E ratio of 31.18, a price-to-earnings-growth ratio of 3.04 and a beta of 0.72. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.88 and a quick ratio of 0.75. The business has a 50-day moving average of $511.33 and a two-hundred day moving average of $499.66. Linde PLC has a 1 year low of $387.78 and a 1 year high of $548.20.

Linde (NASDAQ:LIN) last released its quarterly earnings data on Friday, July 31st. The basic materials company reported $4.50 earnings per share for the quarter, beating the consensus estimate of $4.49 by $0.01. The business had revenue of $9.29 billion for the quarter, compared to analysts’ expectations of $9.02 billion. Linde had a return on equity of 20.09% and a net margin of 20.43%.Linde’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.09 EPS. Linde has set its FY 2026 guidance at 17.700-17.900 EPS and its Q3 2026 guidance at 4.450-4.550 EPS. As a group, equities analysts predict that Linde PLC will post 17.85 EPS for the current year.

Linde Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, September 3rd 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, September 3rd. Linde’s dividend payout ratio (DPR) is presently 41.34%.

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.