Resona Asset Management Co. Ltd. Acquires 960 Shares of Linde PLC $LIN

Resona Asset Management Co. Ltd. raised its holdings in Linde PLC (NASDAQ:LIN) by 0.8% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 121,459 shares of the basic materials company’s stock after acquiring an additional 960 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Linde were worth $60,215,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Darwin Wealth Management LLC acquired a new position in shares of Linde during the 2nd quarter valued at $25,000. Triumph Capital Management boosted its stake in Linde by 69.2% during the fourth quarter. Triumph Capital Management now owns 66 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 27 shares in the last quarter. KERR FINANCIAL PLANNING Corp acquired a new stake in Linde in the third quarter worth $29,000. Saranac Partners Ltd acquired a new stake in Linde in the third quarter worth $29,000. Finally, Strengthening Families & Communities LLC increased its stake in Linde by 134.5% in the fourth quarter. Strengthening Families & Communities LLC now owns 68 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 39 shares in the last quarter. 82.80% of the stock is currently owned by institutional investors.

Linde Stock Performance

LIN opened at $527.67 on Thursday. The company has a current ratio of 0.83, a quick ratio of 0.69 and a debt-to-equity ratio of 0.50. The company’s fifty day moving average price is $513.06 and its two-hundred day moving average price is $486.71. Linde PLC has a 1-year low of $387.78 and a 1-year high of $548.20. The company has a market cap of $243.97 billion, a price-to-earnings ratio of 35.04, a PEG ratio of 3.38 and a beta of 0.72.

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, beating analysts’ consensus estimates of $4.27 by $0.06. The firm had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $8.60 billion. Linde had a net margin of 20.44% and a return on equity of 19.80%. The business’s revenue was up 8.2% on a year-over-year basis. During the same period last year, the company earned $3.95 earnings per share. 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 expect that Linde PLC will post 17.86 EPS for the current fiscal year.

Linde Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were given a $1.60 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $6.40 annualized dividend and a yield of 1.2%. Linde’s dividend payout ratio (DPR) is presently 42.50%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on LIN shares. Weiss Ratings upgraded shares of Linde from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $575.00 target price on shares of Linde in a research note on Monday, May 4th. JPMorgan Chase & Co. upped their price target on Linde from $525.00 to $530.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Seaport Research Partners increased their price target on Linde from $525.00 to $575.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Finally, Citigroup assumed coverage on Linde in a research note on Wednesday, June 24th. They issued an “overweight” rating for the company. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $543.27.

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.