Thoroughbred Financial Services LLC Decreases Holdings in Linde PLC $LIN

Thoroughbred Financial Services LLC cut its stake in shares of Linde PLC (NASDAQ:LIN) by 17.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 8,299 shares of the basic materials company’s stock after selling 1,789 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in Linde were worth $3,538,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Blalock Williams LLC raised its stake in Linde by 4.5% during the 4th quarter. Blalock Williams LLC now owns 510 shares of the basic materials company’s stock valued at $217,000 after buying an additional 22 shares during the last quarter. Mutual Advisors LLC raised its stake in Linde by 2.0% during the 4th quarter. Mutual Advisors LLC now owns 1,102 shares of the basic materials company’s stock valued at $470,000 after buying an additional 22 shares during the last quarter. Binnacle Investments Inc raised its stake in Linde by 10.2% during the 2nd quarter. Binnacle Investments Inc now owns 237 shares of the basic materials company’s stock valued at $111,000 after buying an additional 22 shares during the last quarter. Baldwin Wealth Partners LLC MA raised its stake in Linde by 3.3% during the 4th quarter. Baldwin Wealth Partners LLC MA now owns 711 shares of the basic materials company’s stock valued at $303,000 after buying an additional 23 shares during the last quarter. Finally, Mayport LLC raised its stake in Linde by 4.8% during the 4th quarter. Mayport LLC now owns 504 shares of the basic materials company’s stock valued at $215,000 after buying an additional 23 shares during the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Linde

In other news, EVP Sean Durbin sold 6,520 shares of the company’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $477.27, for a total value of $3,111,800.40. Following the completion of the sale, the executive vice president directly owned 8,151 shares in the company, valued at $3,890,227.77. This represents a 44.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Guillermo Bichara sold 4,357 shares of the company’s stock in a transaction on 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 sale, the vice president owned 22,138 shares of the company’s stock, valued at $10,643,729.02. This trade represents a 16.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.30% of the company’s stock.

Linde Trading Down 1.4%

NASDAQ:LIN opened at $507.87 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.69. The firm has a market capitalization of $234.81 billion, a price-to-earnings ratio of 33.72, a price-to-earnings-growth ratio of 3.23 and a beta of 0.73. Linde PLC has a one year low of $387.78 and a one year high of $521.28. The business has a fifty day moving average price of $500.95 and a 200-day moving average price of $464.50.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Friday, May 1st. The basic materials company reported $4.33 EPS for the quarter, topping the consensus estimate of $4.27 by $0.06. The firm had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.60 billion. Linde had a return on equity of 19.80% and a net margin of 20.44%.Linde’s revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the business 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. Sell-side analysts forecast that Linde PLC will post 17.86 EPS for the current year.

Linde Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be paid a $1.60 dividend. This represents a $6.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Thursday, June 4th. Linde’s dividend payout ratio is 42.50%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on LIN shares. UBS Group boosted their target price on shares of Linde from $550.00 to $579.00 and gave the company a “buy” rating in a research note on Thursday, April 9th. Royal Bank Of Canada boosted their target price on shares of Linde from $552.00 to $570.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. Citigroup boosted their target price on shares of Linde from $580.00 to $585.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Seaport Research Partners boosted their target price on shares of Linde from $525.00 to $575.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $560.00 price objective on shares of Linde in a research note on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Linde presently has a consensus rating of “Buy” and a consensus price target of $540.00.

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.