Capital Group Private Client Services Inc. Cuts Position in Linde PLC $LIN

Capital Group Private Client Services Inc. lessened its position in Linde PLC (NASDAQ:LIN) by 76.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 58,844 shares of the basic materials company’s stock after selling 194,659 shares during the quarter. Capital Group Private Client Services Inc.’s holdings in Linde were worth $27,951,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Darwin Wealth Management LLC purchased a new position in shares of Linde in the 2nd quarter worth about $25,000. Marquette Asset Management LLC purchased a new position in shares of Linde during the 3rd quarter valued at about $27,000. YANKCOM Partnership raised its holdings in shares of Linde by 195.2% during the 3rd quarter. YANKCOM Partnership now owns 62 shares of the basic materials company’s stock valued at $29,000 after buying an additional 41 shares in the last quarter. Guerra Advisors Inc bought a new stake in Linde in the 3rd quarter worth approximately $30,000. Finally, Caitlin John LLC bought a new stake in Linde in the 3rd quarter worth approximately $32,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Wall Street Analysts Forecast Growth

LIN has been the subject of several research reports. UBS Group upped their target price on Linde from $500.00 to $550.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Morgan Stanley restated an “overweight” rating and issued a $530.00 price objective on shares of Linde in a report on Friday, February 6th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Linde in a research note on Tuesday, February 10th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $455.00 target price on shares of Linde in a report on Friday, February 6th. Finally, Royal Bank Of Canada decreased 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. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $508.20.

Insider Buying and Selling at Linde

In related news, VP Guillermo Bichara sold 9,455 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $480.45, for a total value of $4,542,654.75. Following the sale, the vice president directly owned 22,138 shares of the company’s stock, valued at $10,636,202.10. This trade represents a 29.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.70% of the company’s stock.

Linde Stock Performance

Shares of LIN stock opened at $483.62 on Tuesday. The company has a market capitalization of $224.10 billion, a P/E ratio of 33.15, a PEG ratio of 3.18 and a beta of 0.82. Linde PLC has a fifty-two week low of $387.78 and a fifty-two week high of $510.65. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.74 and a current ratio of 0.88. The stock has a 50 day moving average price of $462.96 and a two-hundred day moving average price of $449.90.

Linde (NASDAQ:LIN) last issued its earnings results on Thursday, February 5th. The basic materials company reported $4.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.18 by $0.02. Linde had a net margin of 20.30% and a return on equity of 19.52%. The firm had revenue of $8.76 billion for the quarter, compared to analysts’ expectations of $8.64 billion. During the same quarter last year, the business earned $3.97 earnings per share. The business’s 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. Analysts expect that Linde PLC will post 16.54 earnings per share for the current year.

Linde Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Wednesday, March 11th will be paid a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a dividend yield of 1.3%. This is a positive change from Linde’s previous quarterly dividend of $1.50. The ex-dividend date of this dividend is Wednesday, March 11th. Linde’s payout ratio is currently 41.12%.

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.