Nixon Peabody Trust Co. Has $7.99 Million Stake in Linde PLC $LIN

Nixon Peabody Trust Co. lowered its stake in shares of Linde PLC (NASDAQ:LIN) by 5.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 18,726 shares of the basic materials company’s stock after selling 1,105 shares during the quarter. Nixon Peabody Trust Co.’s holdings in Linde were worth $7,985,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Lloyd Advisory Services LLC. bought a new stake in shares of Linde in the 4th quarter valued at about $46,000. Karras Company Inc. bought a new position in Linde during the 4th quarter worth approximately $269,000. RD Lewis Holdings Inc. grew its holdings in Linde by 11.4% during the fourth quarter. RD Lewis Holdings Inc. now owns 3,813 shares of the basic materials company’s stock valued at $1,768,000 after purchasing an additional 390 shares during the period. Markel Group Inc. grew its holdings in Linde by 3.8% during the fourth quarter. Markel Group Inc. now owns 200,100 shares of the basic materials company’s stock valued at $85,321,000 after purchasing an additional 7,250 shares during the period. Finally, Wilian Securities LLC bought a new stake in Linde in the fourth quarter valued at approximately $417,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Sean Durbin sold 6,520 shares of the company’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $477.27, for a total transaction of $3,111,800.40. Following the completion of the transaction, the executive vice president directly owned 8,151 shares of the company’s stock, valued at $3,890,227.77. This represents a 44.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Guillermo Bichara sold 4,357 shares of the stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $480.79, for a total value of $2,094,802.03. Following the transaction, the vice president owned 22,138 shares of the company’s stock, valued at approximately $10,643,729.02. The trade was a 16.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.30% of the company’s stock.

Linde Stock Performance

Shares of LIN opened at $517.58 on Friday. The firm has a market cap of $239.30 billion, a P/E ratio of 34.37, a PEG ratio of 3.23 and a beta of 0.73. Linde PLC has a twelve month low of $387.78 and a twelve month high of $521.28. 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’s 50 day moving average price is $499.78 and its two-hundred day moving average price is $462.12.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Friday, May 1st. The basic materials company reported $4.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.27 by $0.06. Linde had a net margin of 20.44% and a return on equity of 19.80%. The company had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.60 billion. During the same quarter in the prior year, the firm earned $3.95 earnings per share. The firm’s revenue was up 8.2% compared to the same quarter last year. Linde has set its FY 2026 guidance at 17.600-17.900 EPS and its Q2 2026 guidance at 4.400-4.500 EPS. On average, analysts forecast that Linde PLC will post 17.86 EPS for the current fiscal year.

Linde Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be issued a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Thursday, June 4th. Linde’s dividend payout ratio is 42.50%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on LIN. DZ Bank cut shares of Linde from a “buy” rating to a “hold” rating and set a $460.00 price target on the stock. in a research report on Tuesday, February 10th. Mizuho set a $525.00 price objective on shares of Linde in a research report on Friday, February 6th. Morgan Stanley reaffirmed an “overweight” rating and set a $530.00 price objective on shares of Linde in a research note on Friday, February 6th. UBS Group lifted their target price on Linde from $550.00 to $579.00 and gave the stock a “buy” rating in a report on Thursday, April 9th. Finally, Erste Group Bank raised Linde from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Linde has a consensus rating of “Buy” and an average price target of $540.00.

Linde 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.