Zeno Equity Partners LLP Boosts Holdings in Linde PLC $LIN

Zeno Equity Partners LLP grew its stake in shares of Linde PLC (NASDAQ:LIN) by 20.0% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 82,837 shares of the basic materials company’s stock after buying an additional 13,834 shares during the period. Linde makes up 18.3% of Zeno Equity Partners LLP’s investment portfolio, making the stock its 2nd biggest holding. Zeno Equity Partners LLP’s holdings in Linde were worth $39,348,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in LIN. Darwin Wealth Management LLC bought a new stake in shares of Linde in the 2nd quarter worth approximately $25,000. Marquette Asset Management LLC acquired a new position in shares of Linde in the third quarter valued at $27,000. YANKCOM Partnership lifted its position in Linde by 195.2% in the third quarter. YANKCOM Partnership now owns 62 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 41 shares during the period. Guerra Advisors Inc bought a new position in Linde in the third quarter worth $30,000. Finally, Albion Financial Group UT boosted its stake in Linde by 87.8% during the third quarter. Albion Financial Group UT now owns 77 shares of the basic materials company’s stock worth $37,000 after buying an additional 36 shares in the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on LIN. UBS Group increased their price objective on shares of Linde from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Royal Bank Of Canada dropped their price target on shares of Linde from $540.00 to $490.00 and set an “outperform” rating for the company in a research report on Friday, December 12th. Sanford C. Bernstein restated an “outperform” rating and set a $516.00 price target on shares of Linde in a research note on Monday, November 3rd. Mizuho set a $525.00 price objective on Linde in a research note on Friday, February 6th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Linde in a report on Tuesday, February 10th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Linde presently has a consensus rating of “Buy” and an average target price of $508.20.

Linde Price Performance

NASDAQ:LIN opened at $496.51 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.88 and a debt-to-equity ratio of 0.52. The firm has a market cap of $231.85 billion, a PE ratio of 34.03, a price-to-earnings-growth ratio of 3.26 and a beta of 0.84. Linde PLC has a 12 month low of $387.78 and a 12 month high of $498.35. The company’s 50-day moving average price is $446.15 and its two-hundred day moving average price is $448.34.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Thursday, February 5th. The basic materials company reported $4.20 earnings per share for the quarter, topping the consensus estimate of $4.18 by $0.02. The company had revenue of $8.76 billion during the quarter, compared to analyst estimates of $8.64 billion. Linde had a net margin of 20.30% and a return on equity of 19.52%. The company’s revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the business posted $3.97 earnings per share. 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.

Insider Transactions at Linde

In other Linde news, VP Guillermo Bichara sold 9,455 shares of the business’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $480.45, for a total value of $4,542,654.75. Following the transaction, the vice president owned 22,138 shares of the company’s stock, valued at approximately $10,636,202.10. The trade was a 29.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.70% of the company’s stock.

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.