iA Global Asset Management Inc. Sells 40,611 Shares of Linde PLC $LIN

iA Global Asset Management Inc. reduced its position in Linde PLC (NASDAQ:LIN) by 21.4% in the 1st quarter, HoldingsChannel reports. The firm owned 149,036 shares of the basic materials company’s stock after selling 40,611 shares during the period. Linde makes up about 1.0% of iA Global Asset Management Inc.’s portfolio, making the stock its 22nd largest position. iA Global Asset Management Inc.’s holdings in Linde were worth $73,886,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Meadowbrook Advisors Group LLC increased its position in Linde by 4.3% during the first quarter. Meadowbrook Advisors Group LLC now owns 511 shares of the basic materials company’s stock worth $253,000 after buying an additional 21 shares during the last quarter. Blalock Williams LLC lifted its position in shares of Linde by 4.5% in the fourth quarter. Blalock Williams LLC now owns 510 shares of the basic materials company’s stock valued at $217,000 after buying an additional 22 shares during the last quarter. Mutual Advisors LLC lifted its position in shares of Linde by 2.0% in the fourth quarter. Mutual Advisors LLC now owns 1,102 shares of the basic materials company’s stock valued at $470,000 after buying an additional 22 shares during the last quarter. Binnacle Investments Inc lifted its position in shares of Linde by 10.2% in the second quarter. Binnacle Investments Inc now owns 237 shares of the basic materials company’s stock valued at $111,000 after buying an additional 22 shares during the last quarter. Finally, Baldwin Wealth Partners LLC MA boosted its stake in shares of Linde by 3.3% during the 4th quarter. Baldwin Wealth Partners LLC MA now owns 711 shares of the basic materials company’s stock worth $303,000 after acquiring an additional 23 shares during the period. Institutional investors own 82.80% of the company’s stock.

Linde Trading Up 1.5%

Shares of NASDAQ:LIN opened at $518.94 on Wednesday. Linde PLC has a 12-month low of $387.78 and a 12-month high of $527.94. The stock has a market cap of $239.93 billion, a PE ratio of 34.46, a P/E/G ratio of 3.21 and a beta of 0.72. The business has a 50 day moving average of $508.73 and a 200-day moving average of $481.55. 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 posted its earnings results 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. The company had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $8.60 billion. Linde had a return on equity of 19.80% and a net margin of 20.44%.The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the business 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 forecast that Linde PLC will post 17.86 earnings per share for the current year.

Linde Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were issued a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, June 4th. Linde’s dividend payout ratio is currently 42.50%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on LIN shares. Weiss Ratings raised Linde from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $575.00 price target on shares of Linde in a report on Monday, May 4th. Citigroup started coverage on shares of Linde in a research report on Wednesday, June 24th. They set an “overweight” rating for the company. JPMorgan Chase & Co. upped their price objective on shares of Linde from $525.00 to $530.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Finally, Royal Bank Of Canada increased their price objective on shares of Linde from $552.00 to $570.00 and gave the company an “outperform” rating in a research report 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 given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $543.27.

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.