Hsbc Holdings PLC Increases Stake in Linde PLC $LIN

Hsbc Holdings PLC grew its holdings in Linde PLC (NASDAQ:LIN) by 162.9% during the 1st quarter, Holdings Channel reports. The fund owned 1,097,110 shares of the basic materials company’s stock after buying an additional 679,738 shares during the period. Hsbc Holdings PLC’s holdings in Linde were worth $543,951,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Capital International Investors lifted its holdings 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 purchasing an additional 1,275,477 shares in the last quarter. S.E.E.D. Planning Group LLC increased its stake in shares of Linde by 8.9% in the fourth quarter. S.E.E.D. Planning Group LLC now owns 27,341 shares of the basic materials company’s stock worth $11,658,000 after purchasing an additional 2,234 shares in the last quarter. J. Safra Sarasin Holding AG raised its position in shares of Linde by 3.0% during the 4th quarter. J. Safra Sarasin Holding AG now owns 83,262 shares of the basic materials company’s stock valued at $35,493,000 after purchasing an additional 2,408 shares during the period. Boston Trust Walden Corp raised its position in shares of Linde by 143.4% during the 4th quarter. Boston Trust Walden Corp now owns 15,044 shares of the basic materials company’s stock valued at $6,415,000 after purchasing an additional 8,863 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Linde by 177.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,263,064 shares of the basic materials company’s stock valued at $538,558,000 after buying an additional 807,370 shares in the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Linde Price Performance

Shares of NASDAQ:LIN opened at $513.22 on Friday. 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 firm has a fifty day moving average price of $515.95 and a 200 day moving average price of $491.09. Linde PLC has a fifty-two week low of $387.78 and a fifty-two week high of $548.20. The firm has a market cap of $237.29 billion, a price-to-earnings ratio of 34.08, a P/E/G ratio of 3.22 and a beta of 0.72.

Linde (NASDAQ:LIN) last announced its quarterly earnings results 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 the consensus estimate of $8.60 billion. Linde had a net margin of 20.44% and a return on equity of 19.80%. Linde’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the firm 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. As a group, sell-side analysts expect that Linde PLC will post 17.88 earnings per share for the current fiscal year.

Linde Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were given a dividend of $1.60 per share. The ex-dividend date was 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 presently 42.50%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on LIN. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $575.00 price target on shares of Linde in a research note on Monday, May 4th. Sanford C. Bernstein set a $559.00 price objective on Linde in a research note on Friday. BMO Capital Markets reiterated an “outperform” rating and set a $560.00 target price on shares of Linde in a research report on Tuesday, May 5th. Weiss Ratings upgraded Linde from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 13th. Finally, JPMorgan Chase & Co. lifted their target price on Linde from $525.00 to $530.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $548.67.

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.