Sei Investments Co. Acquires 28,118 Shares of Linde PLC $LIN

Sei Investments Co. grew its holdings in shares of Linde PLC (NASDAQ:LIN) by 6.0% during the 1st quarter, HoldingsChannel reports. The fund owned 494,915 shares of the basic materials company’s stock after acquiring an additional 28,118 shares during the quarter. Sei Investments Co.’s holdings in Linde were worth $245,360,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in LIN. Norges Bank purchased a new position in Linde in the 4th quarter worth $3,246,750,000. Auto Owners Insurance Co lifted its stake in Linde by 42,539.0% in the fourth quarter. Auto Owners Insurance Co now owns 1,321,809 shares of the basic materials company’s stock worth $56,361,000 after purchasing an additional 1,318,709 shares during the last quarter. Capital International Investors boosted its position in Linde by 20.1% during the fourth quarter. Capital International Investors now owns 7,610,387 shares of the basic materials company’s stock valued at $3,245,255,000 after buying an additional 1,275,477 shares during the period. Deutsche Bank AG boosted its position in Linde by 40.2% during the fourth quarter. Deutsche Bank AG now owns 3,941,719 shares of the basic materials company’s stock valued at $1,680,710,000 after buying an additional 1,130,001 shares during the period. Finally, Invesco Ltd. grew its stake in shares of Linde by 26.0% during the fourth 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 last quarter. 82.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on LIN shares. Citigroup began coverage on Linde in a report on Wednesday, June 24th. They issued an “overweight” rating on the stock. UBS Group restated a “buy” rating and set a $600.00 target price on shares of Linde in a report on Tuesday, June 2nd. Weiss Ratings upgraded Linde from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday. 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. Finally, Sanford C. Bernstein set a $559.00 price objective on Linde in a research report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $548.67.

Linde Price Performance

LIN stock opened at $508.67 on Thursday. The firm’s 50-day moving average price is $516.04 and its two-hundred day moving average price is $493.27. Linde PLC has a 12-month low of $387.78 and a 12-month high of $548.20. The stock has a market capitalization of $235.18 billion, a price-to-earnings ratio of 33.78, a PEG ratio of 3.19 and a beta of 0.72. 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 (NASDAQ:LIN) last posted its earnings results on Friday, May 1st. The basic materials company reported $4.33 earnings per share for the quarter, topping analysts’ consensus estimates of $4.27 by $0.06. The company had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.60 billion. Linde had a net margin of 20.44% and a return on equity of 19.80%. Linde’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the prior year, the business posted $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 analysts predict that Linde PLC will post 17.88 earnings per share for the current year.

Linde Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were given a dividend of $1.60 per share. 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 1.3%. Linde’s dividend 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.