Linde PLC $LIN Shares Sold by Jennison Associates LLC

Jennison Associates LLC lessened its position in Linde PLC (NASDAQ:LIN) by 35.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 99,232 shares of the basic materials company’s stock after selling 54,743 shares during the quarter. Jennison Associates LLC’s holdings in Linde were worth $49,195,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Darwin Wealth Management LLC acquired a new position in Linde in the 2nd quarter valued at $25,000. Manning & Napier Advisors LLC lifted its holdings in Linde by 1,450.0% in the 1st quarter. Manning & Napier Advisors LLC now owns 62 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 58 shares in the last quarter. Triumph Capital Management boosted its stake in Linde by 69.2% during the 4th quarter. Triumph Capital Management now owns 66 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 27 shares during the last quarter. Strengthening Families & Communities LLC boosted its stake in Linde by 134.5% during the 4th quarter. Strengthening Families & Communities LLC now owns 68 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 39 shares during the last quarter. Finally, High Note Wealth LLC grew its holdings in shares of Linde by 108.6% during the fourth quarter. High Note Wealth LLC now owns 73 shares of the basic materials company’s stock worth $31,000 after buying an additional 38 shares in the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on LIN shares. UBS Group reiterated a “buy” rating and issued a $600.00 target price on shares of Linde in a research report on Tuesday, June 2nd. JPMorgan Chase & Co. upped their price objective on shares of Linde from $525.00 to $530.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. BMO Capital Markets reissued an “outperform” rating and issued a $560.00 target price on shares of Linde in a research note on Tuesday, May 5th. Weiss Ratings raised shares of Linde from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 13th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Linde in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Linde presently has a consensus rating of “Buy” and a consensus price target of $548.67.

Linde Trading Down 0.2%

Shares of LIN opened at $512.05 on Tuesday. The company has a current ratio of 0.83, a quick ratio of 0.69 and a debt-to-equity ratio of 0.50. Linde PLC has a 12-month low of $387.78 and a 12-month high of $548.20. The firm has a 50-day moving average price of $516.10 and a 200 day moving average price of $492.13. The firm has a market capitalization of $236.74 billion, a P/E ratio of 34.00, a P/E/G ratio of 3.22 and a beta of 0.72.

Linde (NASDAQ:LIN) last issued its earnings results on Friday, May 1st. The basic materials company reported $4.33 EPS for the quarter, topping analysts’ consensus estimates of $4.27 by $0.06. The company had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $8.60 billion. Linde had a net margin of 20.44% and a return on equity of 19.80%. Linde’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the firm 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. Sell-side analysts forecast that Linde PLC will post 17.88 EPS for the current year.

Linde Dividend Announcement

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

Linde Company 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.