O Shaughnessy Asset Management LLC Decreases Holdings in Linde PLC $LIN

O Shaughnessy Asset Management LLC trimmed its holdings in Linde PLC (NASDAQ:LIN) by 14.5% in the fourth quarter, HoldingsChannel reports. The fund owned 61,099 shares of the basic materials company’s stock after selling 10,336 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Linde were worth $26,052,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC bought a new position in shares of Linde during the fourth quarter valued at about $2,752,000. Revolve Wealth Partners LLC lifted its stake in shares of Linde by 14.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company’s stock valued at $325,000 after acquiring an additional 96 shares during the last quarter. Sivia Capital Partners LLC boosted its holdings in Linde by 19.8% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,569 shares of the basic materials company’s stock valued at $736,000 after acquiring an additional 259 shares during the period. Schnieders Capital Management LLC. boosted its holdings in Linde by 19.3% during the 2nd quarter. Schnieders Capital Management LLC. now owns 897 shares of the basic materials company’s stock valued at $421,000 after acquiring an additional 145 shares during the period. Finally, Gabelli Funds LLC grew its position in Linde by 3.2% during the 2nd quarter. Gabelli Funds LLC now owns 5,625 shares of the basic materials company’s stock worth $2,639,000 after acquiring an additional 175 shares during the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. BMO Capital Markets reiterated an “outperform” rating and issued a $560.00 price objective on shares of Linde in a research report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $575.00 target price on shares of Linde in a report on Monday, May 4th. DZ Bank downgraded shares of Linde from a “buy” rating to a “hold” rating and set a $460.00 target price on the stock. in a research note on Tuesday, February 10th. UBS Group reiterated a “buy” rating and set a $600.00 price target on shares of Linde in a report on Tuesday, June 2nd. Finally, JPMorgan Chase & Co. increased their price target on shares of Linde from $525.00 to $530.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $541.91.

Linde Stock Performance

Shares of NASDAQ:LIN opened at $501.92 on Tuesday. The company has a market cap of $232.06 billion, a price-to-earnings ratio of 33.33, a price-to-earnings-growth ratio of 3.19 and a beta of 0.72. The company has a 50-day moving average price of $503.18 and a 200-day moving average price of $468.99. The company has a current ratio of 0.83, a quick ratio of 0.69 and a debt-to-equity ratio of 0.50. Linde PLC has a 12 month low of $387.78 and a 12 month high of $521.28.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Friday, May 1st. The basic materials company reported $4.33 EPS for the quarter, beating the consensus estimate of $4.27 by $0.06. Linde had a net margin of 20.44% and a return on equity of 19.80%. The firm had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.60 billion. During the same period in the prior year, the firm posted $3.95 earnings per share. The company’s quarterly revenue 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. As a group, equities analysts anticipate that Linde PLC will post 17.86 EPS for the current year.

Linde Announces Dividend

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