Linde PLC $LIN Shares Acquired by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. boosted its stake in Linde PLC (NASDAQ:LIN) by 14.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 536,141 shares of the basic materials company’s stock after acquiring an additional 66,692 shares during the period. PNC Financial Services Group Inc. owned 0.11% of Linde worth $254,667,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LIN. Caprock Group LLC purchased a new position in Linde in the 3rd quarter valued at about $4,243,000. Markel Group Inc. raised its position in shares of Linde by 3.1% in the second quarter. Markel Group Inc. now owns 186,600 shares of the basic materials company’s stock valued at $87,549,000 after buying an additional 5,600 shares during the last quarter. National Pension Service lifted its stake in shares of Linde by 2.6% during the third quarter. National Pension Service now owns 967,516 shares of the basic materials company’s stock valued at $459,570,000 after buying an additional 24,624 shares during the period. Cerity Partners LLC boosted its position in Linde by 12.3% during the third quarter. Cerity Partners LLC now owns 205,318 shares of the basic materials company’s stock worth $97,526,000 after acquiring an additional 22,489 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp grew its stake in Linde by 27.2% in the 2nd quarter. OMERS ADMINISTRATION Corp now owns 417,001 shares of the basic materials company’s stock worth $195,649,000 after acquiring an additional 89,129 shares during the period. 82.80% of the stock is owned by hedge funds and other institutional investors.

Linde Price Performance

Shares of NASDAQ LIN opened at $481.00 on Friday. The company has a market capitalization of $224.60 billion, a price-to-earnings ratio of 32.97, a PEG ratio of 3.16 and a beta of 0.84. Linde PLC has a 1-year low of $387.78 and a 1-year high of $488.54. The business has a 50-day moving average of $437.28 and a 200-day moving average of $447.55. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.88 and a quick ratio of 0.74.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Thursday, February 5th. The basic materials company reported $4.20 earnings per share (EPS) for the quarter, beating 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 company had revenue of $8.76 billion during the quarter, compared to the consensus estimate of $8.64 billion. During the same quarter last year, the company earned $3.97 earnings per share. Linde’s revenue for the quarter 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. On average, equities analysts anticipate that Linde PLC will post 16.54 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on LIN. Morgan Stanley reissued an “overweight” rating and set a $530.00 price target on shares of Linde in a research note on Friday, February 6th. Mizuho set a $525.00 target price on Linde in a research report on Friday, February 6th. UBS Group lifted their price target on Linde from $500.00 to $550.00 and gave the company a “buy” rating in a report on Friday, February 6th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $455.00 price objective on shares of Linde in a research note on Friday, February 6th. Finally, CICC Research started coverage on shares of Linde in a research report on Wednesday, December 3rd. They issued an “outperform” rating and a $510.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Linde presently has an average rating of “Moderate Buy” and a consensus price target of $508.20.

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.