Linde PLC $LIN Shares Sold by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. lowered its stake in Linde PLC (NASDAQ:LIN) by 10.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 607,811 shares of the basic materials company’s stock after selling 67,929 shares during the quarter. Linde comprises about 0.5% of Royal London Asset Management Ltd.’s portfolio, making the stock its 25th biggest holding. Royal London Asset Management Ltd.’s holdings in Linde were worth $259,165,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Darwin Wealth Management LLC acquired a new position in Linde in the second quarter valued at about $25,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Linde during the third quarter worth about $29,000. Saranac Partners Ltd acquired a new stake in shares of Linde during the third quarter worth about $29,000. Triumph Capital Management lifted its position in shares of Linde by 69.2% during the fourth quarter. Triumph Capital Management now owns 66 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 27 shares in the last quarter. Finally, Caitlin John LLC acquired a new stake in shares of Linde during the third quarter worth about $32,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on LIN. Erste Group Bank raised shares of Linde from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. Royal Bank Of Canada increased their price target on shares of Linde from $552.00 to $570.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 5th. BMO Capital Markets reissued an “outperform” rating and set a $560.00 price target on shares of Linde in a research report on Tuesday, May 5th. UBS Group reissued a “buy” rating and set a $600.00 price target on shares of Linde in a research report on Tuesday, June 2nd. Finally, Weiss Ratings raised shares of Linde from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 13th. One investment 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 company. According to MarketBeat.com, Linde currently has an average rating of “Buy” and an average price target of $541.91.

Linde Stock Up 1.6%

Shares of NASDAQ:LIN opened at $523.57 on Friday. The firm’s 50 day moving average price is $504.86 and its 200 day moving average price is $471.51. The stock has a market cap of $242.07 billion, a price-to-earnings ratio of 34.77, a price-to-earnings-growth ratio of 3.24 and a beta of 0.72. Linde PLC has a fifty-two week low of $387.78 and a fifty-two week high of $525.82. The company has a quick ratio of 0.69, a current ratio of 0.83 and a debt-to-equity ratio of 0.50.

Linde (NASDAQ:LIN) last issued its earnings results on Friday, May 1st. The basic materials company reported $4.33 earnings per share for the quarter, beating the consensus estimate of $4.27 by $0.06. The firm had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $8.60 billion. Linde had a net margin of 20.44% and a return on equity of 19.80%. The firm’s revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the company earned $3.95 earnings per share. 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 research analysts predict that Linde PLC will post 17.86 earnings per share for the current fiscal year.

Linde Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be issued a $1.60 dividend. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $6.40 annualized dividend and a yield of 1.2%. Linde’s dividend payout ratio (DPR) is 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.