Reaves W H & Co. Inc. Sells 16,887 Shares of Linde PLC $LIN

Reaves W H & Co. Inc. cut its holdings in Linde PLC (NASDAQ:LIN) by 79.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,352 shares of the basic materials company’s stock after selling 16,887 shares during the period. Reaves W H & Co. Inc.’s holdings in Linde were worth $1,856,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Brighton Jones LLC bought a new position in shares of Linde during the 4th quarter worth approximately $2,752,000. Revolve Wealth Partners LLC boosted its holdings in shares of Linde by 14.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company’s stock worth $325,000 after buying an additional 96 shares in the last quarter. Sivia Capital Partners LLC boosted its holdings in shares of Linde by 19.8% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,569 shares of the basic materials company’s stock worth $736,000 after buying an additional 259 shares in the last quarter. Schnieders Capital Management LLC. boosted its holdings in shares of Linde by 19.3% during the 2nd quarter. Schnieders Capital Management LLC. now owns 897 shares of the basic materials company’s stock worth $421,000 after buying an additional 145 shares in the last quarter. Finally, Gabelli Funds LLC boosted its holdings in shares of Linde by 3.2% during the 2nd quarter. Gabelli Funds LLC now owns 5,625 shares of the basic materials company’s stock worth $2,639,000 after buying an additional 175 shares in the last quarter. 82.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on LIN. Seaport Research Partners increased their price target on Linde from $525.00 to $575.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $575.00 target price on shares of Linde in a research report on Monday, May 4th. JPMorgan Chase & Co. boosted their target price on Linde from $525.00 to $530.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Citigroup boosted their target price on Linde from $580.00 to $585.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Finally, Mizuho set a $525.00 target price on Linde in a research report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $540.00.

Linde Stock Performance

Shares of Linde stock opened at $497.69 on Monday. Linde PLC has a one year low of $387.78 and a one year high of $521.28. The firm has a market capitalization of $230.11 billion, a price-to-earnings ratio of 33.05, a PEG ratio of 3.12 and a beta of 0.72. The business has a 50-day simple moving average of $501.29 and a 200 day simple moving average of $465.62. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.69.

Linde (NASDAQ:LIN) last issued its 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 business had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.60 billion. During the same period in the previous year, the company posted $3.95 EPS. The firm’s revenue was up 8.2% compared to the same quarter last year. Linde has set its FY 2026 guidance at 17.600-17.900 EPS and its Q2 2026 guidance at 4.400-4.500 EPS. On average, research analysts anticipate that Linde PLC will post 17.86 earnings per share for the current fiscal year.

Linde Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders 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 yield of 1.3%. Linde’s payout ratio is 42.50%.

Insider Transactions at Linde

In other Linde news, EVP Sean Durbin sold 6,520 shares of Linde stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $477.27, for a total transaction of $3,111,800.40. Following the completion of the transaction, the executive vice president owned 8,151 shares in the company, valued at approximately $3,890,227.77. The trade was a 44.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Guillermo Bichara sold 4,357 shares of Linde stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $480.79, for a total value of $2,094,802.03. Following the transaction, the vice president owned 22,138 shares of the company’s stock, valued at $10,643,729.02. This trade represents a 16.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.30% of the stock is currently owned by insiders.

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.