Nuveen LLC Has $1.60 Billion Position in Linde PLC $LIN

Nuveen LLC lowered its position in Linde PLC (NASDAQ:LIN) by 4.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,753,182 shares of the basic materials company’s stock after selling 186,350 shares during the period. Nuveen LLC’s holdings in Linde were worth $1,600,319,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Darwin Wealth Management LLC bought a new stake in Linde during the second quarter valued at $25,000. KERR FINANCIAL PLANNING Corp acquired a new stake in Linde during the 3rd quarter worth about $29,000. Saranac Partners Ltd bought a new position in shares of Linde in the 3rd quarter worth about $29,000. Strengthening Families & Communities LLC lifted its stake in shares of Linde by 134.5% in the 4th quarter. Strengthening Families & Communities LLC now owns 68 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 39 shares during the period. Finally, High Note Wealth LLC lifted its stake in shares of Linde by 108.6% in the 4th quarter. High Note Wealth LLC now owns 73 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 38 shares during the period. 82.80% of the stock is owned by institutional investors.

Linde Trading Up 1.2%

Shares of Linde stock opened at $515.44 on Friday. The stock has a market capitalization of $238.31 billion, a P/E ratio of 34.23, a P/E/G ratio of 3.20 and a beta of 0.72. Linde PLC has a 52-week low of $387.78 and a 52-week high of $522.89. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.69 and a current ratio of 0.83. The stock’s 50-day simple moving average is $504.26 and its 200 day simple moving average is $471.14.

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, beating analysts’ consensus estimates of $4.27 by $0.06. The business had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.60 billion. Linde had a return on equity of 19.80% and a net margin of 20.44%.The company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.95 EPS. 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, research analysts anticipate that Linde PLC will post 17.86 EPS for the current year.

Linde Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be paid a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, June 4th. Linde’s dividend payout ratio (DPR) is 42.50%.

Analyst Upgrades and Downgrades

LIN has been the topic of a number of research analyst reports. Weiss Ratings upgraded Linde from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. Royal Bank Of Canada boosted their target price 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. Citigroup raised their price target on shares of Linde from $580.00 to $585.00 and gave the stock a “buy” rating in a report on Monday, May 4th. UBS Group restated a “buy” rating and set a $600.00 price objective on shares of Linde in a report on Tuesday, June 2nd. Finally, Erste Group Bank raised shares of Linde from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $541.91.

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.