Frank Rimerman Advisors LLC Lowers Position in Linde PLC $LIN

Frank Rimerman Advisors LLC decreased its stake in shares of Linde PLC (NASDAQ:LIN) by 53.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,554 shares of the basic materials company’s stock after selling 2,927 shares during the period. Frank Rimerman Advisors LLC’s holdings in Linde were worth $1,089,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Darwin Wealth Management LLC purchased a new stake in shares of Linde during the 2nd quarter valued at $25,000. Marquette Asset Management LLC purchased a new position in shares of Linde in the 3rd quarter worth $27,000. YANKCOM Partnership boosted its holdings in Linde by 195.2% in the third quarter. YANKCOM Partnership now owns 62 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 41 shares during the last quarter. KERR FINANCIAL PLANNING Corp acquired a new position in Linde in the third quarter valued at $29,000. Finally, Saranac Partners Ltd purchased a new stake in Linde during the third quarter valued at about $29,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Insider Activity

In related news, VP Guillermo Bichara sold 4,357 shares of the stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $480.79, for a total value of $2,094,802.03. Following the completion of the transaction, the vice president owned 22,138 shares of the company’s stock, valued at approximately $10,643,729.02. This represents a 16.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Sean Durbin sold 6,520 shares of the stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $477.27, for a total value of $3,111,800.40. Following the completion of the transaction, the executive vice president directly owned 8,151 shares of the company’s stock, valued at $3,890,227.77. This represents a 44.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 20,332 shares of company stock valued at $9,749,257 over the last 90 days. Insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

LIN has been the subject of several research analyst reports. BMO Capital Markets restated an “outperform” rating on shares of Linde in a research note on Tuesday, February 10th. JPMorgan Chase & Co. raised Linde from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $455.00 to $525.00 in a research note on Friday, March 13th. Royal Bank Of Canada decreased their target price on Linde from $540.00 to $490.00 and set an “outperform” rating for the company in a report on Friday, December 12th. UBS Group reissued a “buy” rating on shares of Linde in a research report on Wednesday, March 11th. Finally, Morgan Stanley restated an “overweight” rating and issued a $530.00 price target on shares of Linde in a report on Friday, February 6th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Linde has a consensus rating of “Buy” and a consensus price target of $515.20.

Linde Trading Down 0.4%

LIN opened at $493.83 on Thursday. The firm’s 50 day moving average is $481.20 and its 200-day moving average is $451.58. Linde PLC has a 52-week low of $387.78 and a 52-week high of $510.65. 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 capitalization of $228.84 billion, a P/E ratio of 33.85, a P/E/G ratio of 3.26 and a beta of 0.78.

Linde (NASDAQ:LIN) last announced its earnings results on Thursday, February 5th. The basic materials company reported $4.20 earnings per share for the quarter, beating the consensus estimate of $4.18 by $0.02. The business had revenue of $8.76 billion during the quarter, compared to the consensus estimate of $8.64 billion. Linde had a net margin of 20.30% and a return on equity of 19.52%. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $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. Analysts expect that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Wednesday, March 11th were given a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Wednesday, March 11th. This is an increase from Linde’s previous quarterly dividend of $1.50. Linde’s dividend payout ratio is currently 43.87%.

Linde 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.