Royal Bank of Canada Has $959.61 Million Stock Holdings in Linde PLC $LIN

Royal Bank of Canada raised its position in Linde PLC (NASDAQ:LIN) by 18.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,250,532 shares of the basic materials company’s stock after purchasing an additional 343,161 shares during the period. Royal Bank of Canada’s holdings in Linde were worth $959,605,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LIN. Norges Bank acquired a new position in Linde in the 4th quarter valued at $3,246,750,000. SG Americas Securities LLC grew its holdings in Linde by 10,454.4% in the 4th quarter. SG Americas Securities LLC now owns 2,424,869 shares of the basic materials company’s stock valued at $1,033,940,000 after buying an additional 2,401,894 shares in the last quarter. Capital International Investors grew its holdings in Linde by 20.1% in the 4th quarter. Capital International Investors now owns 7,610,387 shares of the basic materials company’s stock valued at $3,245,255,000 after buying an additional 1,275,477 shares in the last quarter. Deutsche Bank AG grew its holdings in Linde by 40.2% in the 4th quarter. Deutsche Bank AG now owns 3,941,719 shares of the basic materials company’s stock valued at $1,680,710,000 after buying an additional 1,130,001 shares in the last quarter. Finally, Lazard Asset Management LLC acquired a new position in Linde in the 3rd quarter valued at $453,274,000. 82.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on LIN shares. UBS Group reaffirmed a “buy” rating and issued a $600.00 price objective on shares of Linde in a report on Tuesday, June 2nd. Erste Group Bank raised Linde from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. Seaport Research Partners upped their price objective on Linde from $525.00 to $575.00 and gave the company a “buy” rating in a report on Friday, April 17th. Citigroup upped their price objective on Linde from $580.00 to $585.00 and gave the company a “buy” rating in a report on Monday, May 4th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $575.00 price objective on shares of Linde in a report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $541.91.

Linde Stock Performance

NASDAQ:LIN opened at $518.17 on Wednesday. The stock has a fifty day moving average price of $505.55 and a 200-day moving average price of $473.53. The company has a market cap of $239.57 billion, a price-to-earnings ratio of 34.41, a PEG ratio of 3.27 and a beta of 0.72. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.69 and a current ratio of 0.83. Linde PLC has a fifty-two week low of $387.78 and a fifty-two week high of $525.87.

Linde (NASDAQ:LIN) last released its earnings results on Friday, May 1st. The basic materials company reported $4.33 earnings per share 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 the consensus estimate of $8.60 billion. Linde had a return on equity of 19.80% and a net margin of 20.44%.The company’s revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the company posted $3.95 EPS. Linde has set its FY 2026 guidance at 17.600-17.900 EPS and its Q2 2026 guidance at 4.400-4.500 EPS. As a group, equities analysts anticipate that Linde PLC will post 17.86 EPS for the current fiscal year.

Linde Dividend Announcement

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

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.