Linde PLC $LIN Shares Acquired by Engineers Gate Manager LP

Engineers Gate Manager LP increased its stake in Linde PLC (NASDAQ:LIN) by 558.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 117,939 shares of the basic materials company’s stock after acquiring an additional 100,026 shares during the period. Linde makes up 0.6% of Engineers Gate Manager LP’s investment portfolio, making the stock its 28th largest position. Engineers Gate Manager LP’s holdings in Linde were worth $50,288,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of LIN. First Manhattan CO. LLC. raised its holdings in Linde by 6.8% in the fourth quarter. First Manhattan CO. LLC. now owns 721,360 shares of the basic materials company’s stock valued at $307,580,000 after buying an additional 46,161 shares during the period. Capitolis Liquid Global Markets LLC raised its holdings in Linde by 28.9% in the fourth quarter. Capitolis Liquid Global Markets LLC now owns 45,112 shares of the basic materials company’s stock valued at $19,235,000 after buying an additional 10,112 shares during the period. Claro Advisors Inc. raised its holdings in Linde by 9.5% in the fourth quarter. Claro Advisors Inc. now owns 844 shares of the basic materials company’s stock valued at $360,000 after buying an additional 73 shares during the period. Concentric Capital Strategies LP raised its holdings in Linde by 743.1% in the fourth quarter. Concentric Capital Strategies LP now owns 53,302 shares of the basic materials company’s stock valued at $22,727,000 after buying an additional 46,980 shares during the period. Finally, Consulta Ltd purchased a new position in Linde in the fourth quarter valued at approximately $76,750,000. 82.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on LIN. JPMorgan Chase & Co. raised their price target on shares of Linde from $525.00 to $530.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Royal Bank Of Canada raised their price target on shares of Linde from $552.00 to $570.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. BMO Capital Markets restated an “outperform” rating and issued a $560.00 price target on shares of Linde in a report on Tuesday, May 5th. Citigroup raised their price target on shares of Linde from $580.00 to $585.00 and gave the company a “buy” rating in a report on Monday, May 4th. Finally, Erste Group Bank upgraded shares of Linde from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $541.91.

Linde Trading Down 0.4%

LIN opened at $515.85 on Thursday. The firm has a market capitalization of $238.50 billion, a P/E ratio of 34.25, a P/E/G ratio of 3.25 and a beta of 0.72. The firm’s 50 day moving average is $505.88 and its 200-day moving average is $474.29. Linde PLC has a 52-week low of $387.78 and a 52-week high of $525.87. 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 quarterly earnings data on Friday, May 1st. The basic materials company reported $4.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.27 by $0.06. The company had revenue of $8.78 billion for 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%. The business’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the firm 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. Analysts expect that Linde PLC will post 17.86 EPS for the current fiscal year.

Linde Announces Dividend

The company 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. The ex-dividend date is Thursday, June 4th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.2%. Linde’s dividend payout ratio (DPR) is currently 42.50%.

About Linde

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.