CI Investments Inc. Has $22.27 Million Holdings in Linde PLC $LIN

CI Investments Inc. decreased its position in shares of Linde PLC (NASDAQ:LIN) by 3.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 44,926 shares of the basic materials company’s stock after selling 1,746 shares during the period. CI Investments Inc.’s holdings in Linde were worth $22,273,000 as of its most recent filing with the Securities and Exchange Commission.

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 2nd quarter worth approximately $25,000. Legacy Wealth Managment LLC ID raised its position in Linde by 96.6% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 57 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 28 shares during the last quarter. Triumph Capital Management raised its position in Linde by 69.2% in the 4th quarter. Triumph Capital Management now owns 66 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 27 shares during the last quarter. Strengthening Families & Communities LLC boosted its stake in Linde by 134.5% in the fourth quarter. Strengthening Families & Communities LLC now owns 68 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 39 shares in the last quarter. Finally, High Note Wealth LLC boosted its stake in Linde by 108.6% in the fourth quarter. High Note Wealth LLC now owns 73 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 38 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.

Linde Stock Up 0.7%

Shares of Linde stock opened at $508.67 on Thursday. The stock has a market cap of $235.18 billion, a PE ratio of 33.78, a price-to-earnings-growth ratio of 3.19 and a beta of 0.72. Linde PLC has a 12 month low of $387.78 and a 12 month high of $548.20. The business has a fifty day simple moving average of $516.04 and a 200 day simple moving average of $493.27. 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 announced its quarterly earnings results on Friday, May 1st. The basic materials company reported $4.33 EPS for the quarter, beating analysts’ consensus estimates of $4.27 by $0.06. Linde had a return on equity of 19.80% and a net margin of 20.44%.The company had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $8.60 billion. During the same period in the prior year, the business posted $3.95 EPS. Linde’s revenue was up 8.2% on a year-over-year basis. Linde has set its FY 2026 guidance at 17.600-17.900 EPS and its Q2 2026 guidance at 4.400-4.500 EPS. Research analysts predict that Linde PLC will post 17.88 EPS for the current year.

Linde Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were given a $1.60 dividend. The ex-dividend date was Thursday, June 4th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.3%. Linde’s dividend payout ratio is currently 42.50%.

Analyst Ratings Changes

Several analysts have recently commented on LIN shares. Evercore restated an “outperform” rating and set a $525.00 target price on shares of Linde in a report on Friday, July 10th. JPMorgan Chase & Co. upped their price target on shares of Linde from $525.00 to $530.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Sanford C. Bernstein set a $559.00 price objective on shares of Linde in a report on Friday, July 17th. Seaport Research Partners boosted their target price on shares of Linde from $525.00 to $575.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $575.00 target price on shares of Linde in a research report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Linde has an average rating of “Buy” and a consensus target price of $548.67.

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.