Andra AP fonden Has $20.76 Million Stock Position in Linde PLC $LIN

Andra AP fonden lessened its stake in shares of Linde PLC (NASDAQ:LIN) by 33.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 40,005 shares of the basic materials company’s stock after selling 20,120 shares during the period. Andra AP fonden’s holdings in Linde were worth $20,760,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Capital International Investors lifted its stake in Linde by 20.1% in the 4th 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 during the last quarter. National Pension Service increased its position in Linde by 23.9% during the fourth quarter. National Pension Service now owns 1,198,564 shares of the basic materials company’s stock worth $511,056,000 after buying an additional 231,048 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake 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 buying an additional 807,370 shares during the period. Nomura Asset Management Co. Ltd. raised its stake in Linde by 35.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 348,815 shares of the basic materials company’s stock valued at $148,731,000 after buying an additional 90,858 shares during the period. Finally, Legal & General Group Plc lifted its position in shares of Linde by 6.5% in 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 buying an additional 179,359 shares during the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Linde Stock Performance

LIN traded up $6.51 during trading on Tuesday, hitting $464.01. The stock had a trading volume of 759,107 shares, compared to its average volume of 2,341,211. The company has a 50 day moving average price of $487.33 and a 200-day moving average price of $499.33. The firm has a market cap of $213.90 billion, a price-to-earnings ratio of 30.01, a P/E/G ratio of 2.68 and a beta of 0.72. Linde PLC has a one year low of $387.78 and a one year high of $548.20. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.88 and a quick ratio of 0.75.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Friday, July 31st. The basic materials company reported $4.50 earnings per share for the quarter, topping the consensus estimate of $4.49 by $0.01. Linde had a return on equity of 20.09% and a net margin of 20.43%.The firm had revenue of $9.29 billion for the quarter, compared to analysts’ expectations of $9.02 billion. During the same quarter last year, the business earned $4.09 EPS. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. Linde has set its FY 2026 guidance at 17.700-17.900 EPS and its Q3 2026 guidance at 4.450-4.550 EPS. As a group, research analysts predict that Linde PLC will post 17.86 EPS for the current year.

Linde Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, September 3rd were paid a $1.60 dividend. The ex-dividend date was Thursday, September 3rd. This represents a $6.40 annualized dividend and a dividend yield of 1.4%. Linde’s dividend payout ratio is 41.34%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on LIN shares. KeyCorp started coverage on Linde in a report on Thursday, September 10th. They set an “overweight” rating and a $542.00 target price on the stock. Weiss Ratings raised Linde from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, July 21st. BMO Capital Markets reduced their price objective on shares of Linde from $560.00 to $546.00 and set an “outperform” rating for the company in a research report on Monday, August 10th. The Goldman Sachs Group set a $580.00 price objective on shares of Linde in a research report on Monday, August 10th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $563.00 target price on shares of Linde in a report on Friday, September 11th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Linde currently has an average rating of “Buy” and an average target price of $545.07.

About Linde

Linde plc (NASDAQ:LIN) is a global industrial gases and engineering company that supplies gases, related equipment and process technologies to customers across a range of industries. Its products include oxygen, nitrogen, argon, hydrogen, helium, carbon dioxide, specialty gases and medical gases.

The company serves customers in sectors including healthcare, manufacturing, food and beverage, electronics, chemicals, energy and metals. Linde also designs and builds industrial gas plants and provides engineering, project management and process technology services for industrial and energy applications.

Linde traces its history to 1879 and was formed in its current structure through the 2018 merger of Linde AG and Praxair, Inc The company operates internationally, serving customers in numerous countries across the Americas, Europe, Asia and other regions.