Mackenzie Financial Corp Cuts Stock Holdings in Linde PLC $LIN

Mackenzie Financial Corp lowered its position in Linde PLC (NASDAQ:LIN) by 3.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,067,517 shares of the basic materials company’s stock after selling 41,894 shares during the period. Mackenzie Financial Corp owned about 0.23% of Linde worth $507,071,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LIN. Vanguard Group Inc. lifted its holdings in shares of Linde by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 44,638,847 shares of the basic materials company’s stock valued at $20,943,654,000 after buying an additional 292,492 shares during the period. Capital Research Global Investors grew its holdings in Linde by 0.9% during the third quarter. Capital Research Global Investors now owns 9,329,728 shares of the basic materials company’s stock worth $4,431,639,000 after acquiring an additional 83,236 shares during the period. Norges Bank purchased a new position in Linde in the second quarter worth $3,098,772,000. Invesco Ltd. raised its position in Linde by 4.8% in the second quarter. Invesco Ltd. now owns 4,044,833 shares of the basic materials company’s stock worth $1,897,755,000 after acquiring an additional 185,294 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in Linde by 4.8% in the third quarter. Franklin Resources Inc. now owns 3,895,026 shares of the basic materials company’s stock valued at $1,850,137,000 after acquiring an additional 176,650 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Price Performance

Shares of NASDAQ LIN opened at $477.94 on Wednesday. The company has a current ratio of 0.88, a quick ratio of 0.74 and a debt-to-equity ratio of 0.52. The company’s 50-day moving average price is $463.95 and its 200 day moving average price is $449.88. Linde PLC has a 52 week low of $387.78 and a 52 week high of $510.65. The stock has a market cap of $221.47 billion, a price-to-earnings ratio of 32.76, a PEG ratio of 3.18 and a beta of 0.82.

Linde (NASDAQ:LIN) last announced its earnings results on Thursday, February 5th. The basic materials company reported $4.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.18 by $0.02. Linde had a net margin of 20.30% and a return on equity of 19.52%. The company had revenue of $8.76 billion during the quarter, compared to analysts’ expectations of $8.64 billion. During the same quarter in the previous year, the business posted $3.97 earnings per share. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. Linde has set its Q1 2026 guidance at 4.200-4.300 EPS and its FY 2026 guidance at 17.400-17.900 EPS. As a group, research analysts forecast that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Wednesday, March 11th will be given a dividend of $1.60 per share. The ex-dividend date is Wednesday, March 11th. This represents a $6.40 annualized dividend and a dividend yield of 1.3%. This is an increase from Linde’s previous quarterly dividend of $1.50. Linde’s payout ratio is presently 41.12%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. CICC Research assumed coverage on shares of Linde in a research note on Wednesday, December 3rd. They set an “outperform” rating and a $510.00 price target on the stock. JPMorgan Chase & Co. reissued a “neutral” rating and set a $455.00 price objective on shares of Linde in a report on Friday, February 6th. Mizuho set a $525.00 target price on shares of Linde in a research report on Friday, February 6th. Erste Group Bank upgraded shares of Linde from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Linde in a research note on Tuesday, February 10th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Linde has a consensus rating of “Buy” and a consensus target price of $508.20.

Insider Activity

In related news, VP Guillermo Bichara sold 9,455 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $480.45, for a total value of $4,542,654.75. Following the sale, the vice president owned 22,138 shares of the company’s stock, valued at approximately $10,636,202.10. This represents a 29.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.70% of the stock is owned by corporate insiders.

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.