TCTC Holdings LLC Purchases 1,486 Shares of Linde PLC $LIN

TCTC Holdings LLC increased its position in Linde PLC (NASDAQ:LIN) by 1.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 129,638 shares of the basic materials company’s stock after buying an additional 1,486 shares during the quarter. Linde comprises 1.7% of TCTC Holdings LLC’s holdings, making the stock its 13th largest position. TCTC Holdings LLC’s holdings in Linde were worth $55,276,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank purchased a new stake in shares of Linde in the 4th quarter valued at $3,246,750,000. SG Americas Securities LLC lifted its stake in Linde by 10,454.4% in the fourth quarter. SG Americas Securities LLC now owns 2,424,869 shares of the basic materials company’s stock worth $1,033,940,000 after purchasing an additional 2,401,894 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 grew its stake in shares of 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 last quarter. Finally, Lazard Asset Management LLC bought a new stake in shares of Linde in the third quarter worth about $453,274,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on LIN. Citigroup upped their price target on Linde from $580.00 to $585.00 and gave the company a “buy” rating in a research report on Monday, May 4th. BMO Capital Markets reissued an “outperform” rating and set a $560.00 price objective on shares of Linde in a research report on Tuesday, May 5th. Royal Bank Of Canada upped their price objective on shares of Linde from $552.00 to $570.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. JPMorgan Chase & Co. boosted their price target on shares of Linde from $525.00 to $530.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Finally, UBS Group restated a “buy” rating and issued a $600.00 price objective on shares of Linde in a report on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Linde presently has a consensus rating of “Buy” and a consensus target price of $541.91.

Linde Price Performance

Shares of NASDAQ LIN opened at $515.44 on Friday. The company has a 50 day simple moving average of $504.26 and a two-hundred day simple moving average of $471.14. Linde PLC has a fifty-two week low of $387.78 and a fifty-two week high of $522.89. The company has a market capitalization of $238.31 billion, a price-to-earnings ratio of 34.23, a P/E/G ratio of 3.20 and a beta of 0.72. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.69 and a current ratio of 0.83.

Linde (NASDAQ:LIN) last posted its quarterly earnings results on Friday, May 1st. The basic materials company reported $4.33 earnings per share for the quarter, topping 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 quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $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. Analysts expect that Linde PLC will post 17.86 EPS for the current fiscal year.

Linde Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be given a $1.60 dividend. This represents a $6.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, June 4th. Linde’s payout ratio is currently 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.