Hikari Power Ltd Purchases Shares of 40,400 Linde PLC $LIN

Hikari Power Ltd purchased a new position in Linde PLC (NASDAQ:LIN) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 40,400 shares of the basic materials company’s stock, valued at approximately $20,965,000. Linde comprises 2.5% of Hikari Power Ltd’s investment portfolio, making the stock its 7th largest position.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Capital International Investors raised its holdings in shares of Linde by 20.1% in the 4th quarter. Capital International Investors now owns 7,610,387 shares of the basic materials company’s stock worth $3,245,255,000 after buying an additional 1,275,477 shares in the last quarter. Boston Trust Walden Corp grew its position in Linde by 143.4% in the fourth quarter. Boston Trust Walden Corp now owns 15,044 shares of the basic materials company’s stock valued at $6,415,000 after acquiring an additional 8,863 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Linde by 177.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,263,064 shares of the basic materials company’s stock valued at $538,558,000 after acquiring an additional 807,370 shares during the period. National Pension Service lifted its holdings in shares of Linde by 23.9% during the fourth quarter. National Pension Service now owns 1,198,564 shares of the basic materials company’s stock valued at $511,056,000 after acquiring an additional 231,048 shares during the period. Finally, Legal & General Group Plc lifted its holdings in shares of Linde by 6.5% during the fourth quarter. Legal & General Group Plc now owns 2,935,016 shares of the basic materials company’s stock valued at $1,251,430,000 after acquiring an additional 179,359 shares during the period. Institutional investors own 82.80% of the company’s stock.

Linde Stock Performance

Shares of Linde stock opened at $482.74 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.88 and a quick ratio of 0.75. The firm has a 50 day simple moving average of $511.33 and a 200 day simple moving average of $499.66. 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 $222.53 billion, a P/E ratio of 31.18, a P/E/G ratio of 3.04 and a beta of 0.72.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Friday, July 31st. The basic materials company reported $4.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.49 by $0.01. The firm had revenue of $9.29 billion for the quarter, compared to the consensus estimate of $9.02 billion. Linde had a return on equity of 20.09% and a net margin of 20.43%.The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.09 EPS. Linde has set its FY 2026 guidance at 17.700-17.900 EPS and its Q3 2026 guidance at 4.450-4.550 EPS. Sell-side analysts predict that Linde PLC will post 17.85 earnings per share for the current fiscal year.

Linde Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd will be paid a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, September 3rd. Linde’s dividend payout ratio is 41.34%.

Analyst Ratings Changes

LIN has been the topic of several analyst reports. Citigroup lowered their target price on shares of Linde from $600.00 to $580.00 and set a “buy” rating on the stock in a report on Monday, August 3rd. Evercore reaffirmed an “outperform” rating and set a $525.00 price objective on shares of Linde in a research note on Friday, July 10th. Royal Bank Of Canada dropped their price objective on shares of Linde from $576.00 to $553.00 and set an “outperform” rating for the company in a report on Monday, August 3rd. UBS Group set a $612.00 target price on shares of Linde in a research note on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $575.00 target price on shares of Linde in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Linde currently has an average rating of “Buy” and an average target price of $545.38.

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.