Linde PLC $LIN Shares Bought by Rhumbline Advisers

Rhumbline Advisers boosted its holdings in Linde PLC (NASDAQ:LIN) by 1.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 820,368 shares of the basic materials company’s stock after purchasing an additional 8,113 shares during the quarter. Rhumbline Advisers owned about 0.18% of Linde worth $389,675,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in Linde during the 2nd quarter worth $3,098,772,000. Assenagon Asset Management S.A. grew its holdings in shares of Linde by 82.5% during the third quarter. Assenagon Asset Management S.A. now owns 1,683,248 shares of the basic materials company’s stock worth $799,543,000 after purchasing an additional 760,954 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of Linde by 18.5% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,972,515 shares of the basic materials company’s stock worth $1,394,198,000 after purchasing an additional 463,977 shares in the last quarter. ABN AMRO Bank N.V. acquired a new stake in shares of Linde during the second quarter worth about $187,359,000. Finally, Neuberger Berman Group LLC lifted its holdings in shares of Linde by 48.7% in the 2nd quarter. Neuberger Berman Group LLC now owns 1,131,132 shares of the basic materials company’s stock valued at $530,617,000 after purchasing an additional 370,261 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Stock Performance

NASDAQ:LIN opened at $460.51 on Wednesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.88 and a quick ratio of 0.74. The firm has a market cap of $215.04 billion, a price-to-earnings ratio of 31.56, a price-to-earnings-growth ratio of 3.00 and a beta of 0.84. The firm’s fifty day moving average price is $433.10 and its 200 day moving average price is $447.31. Linde PLC has a 1-year low of $387.78 and a 1-year high of $486.38.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Thursday, February 5th. The basic materials company reported $4.20 EPS for the quarter, topping analysts’ consensus estimates of $4.18 by $0.02. Linde had a net margin of 20.30% and a return on equity of 19.52%. The company had revenue of $8.76 billion during the quarter, compared to the consensus estimate of $8.64 billion. During the same quarter in the prior year, the firm earned $3.97 EPS. Linde’s quarterly revenue was up 6.3% on a year-over-year basis. Linde has set its Q1 2026 guidance at 4.200-4.300 EPS and its FY 2026 guidance at 17.400-17.900 EPS. On average, sell-side analysts expect that Linde PLC will post 16.54 EPS for the current year.

Analyst Ratings Changes

Several research firms have commented on LIN. Morgan Stanley reaffirmed an “overweight” rating and set a $530.00 price target on shares of Linde in a research report on Friday. Royal Bank Of Canada lowered their target price on shares of Linde from $540.00 to $490.00 and set an “outperform” rating on the stock in a research report on Friday, December 12th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Linde in a research report on Monday, December 29th. UBS Group increased their price target on shares of Linde from $500.00 to $550.00 and gave the stock a “buy” rating in a research note on Friday. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Linde in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Linde has a consensus rating of “Moderate Buy” and an average target price of $508.20.

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.