Linde PLC $LIN Shares Sold by Vancity Investment Management Ltd

Vancity Investment Management Ltd reduced its stake in Linde PLC (NASDAQ:LIN) by 4.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,319 shares of the basic materials company’s stock after selling 1,258 shares during the quarter. Linde makes up approximately 1.6% of Vancity Investment Management Ltd’s investment portfolio, making the stock its 23rd largest position. Vancity Investment Management Ltd’s holdings in Linde were worth $12,074,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. T. Rowe Price Investment Management Inc. raised its stake in Linde by 2,137.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 129,847 shares of the basic materials company’s stock worth $55,366,000 after purchasing an additional 124,043 shares during the period. Claris Financial LLC acquired a new position in Linde in the 4th quarter valued at about $339,000. Invesco Ltd. grew its stake in shares of Linde by 26.0% in the 4th quarter. Invesco Ltd. now owns 5,402,317 shares of the basic materials company’s stock valued at $2,303,494,000 after buying an additional 1,114,751 shares during the period. Axxcess Wealth Management LLC grew its stake in shares of Linde by 16.2% in the 4th quarter. Axxcess Wealth Management LLC now owns 18,707 shares of the basic materials company’s stock valued at $7,976,000 after buying an additional 2,605 shares during the period. Finally, Corient Private Wealth LLC increased its holdings in shares of Linde by 129.9% during the 4th quarter. Corient Private Wealth LLC now owns 1,445,708 shares of the basic materials company’s stock worth $616,435,000 after buying an additional 816,744 shares during the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on LIN. Citigroup lifted their price target on shares of Linde from $580.00 to $585.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $575.00 target price on shares of Linde in a research note on Monday, May 4th. JPMorgan Chase & Co. lifted their target price on Linde from $525.00 to $530.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Seaport Research Partners lifted their target price on Linde from $525.00 to $575.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $560.00 price target on shares of Linde in a research note on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $541.91.

Linde Price Performance

Shares of LIN opened at $512.15 on Friday. Linde PLC has a 1-year low of $387.78 and a 1-year high of $525.87. The stock has a market cap of $236.79 billion, a PE ratio of 34.01, a P/E/G ratio of 3.24 and a beta of 0.72. The firm has a 50-day simple moving average of $506.23 and a two-hundred day simple moving average of $475.01. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.69.

Linde (NASDAQ:LIN) last released 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. Linde had a net margin of 20.44% and a return on equity of 19.80%. The business had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $8.60 billion. During the same period in the previous year, the firm earned $3.95 EPS. The business’s revenue was up 8.2% on a year-over-year basis. Linde has set its FY 2026 guidance at 17.600-17.900 EPS and its Q2 2026 guidance at 4.400-4.500 EPS. As a group, analysts forecast that Linde PLC will post 17.86 EPS for the current year.

Linde Announces Dividend

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 $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 payout ratio is presently 42.50%.

Linde 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.