CIBC Asset Management Inc Raises Stock Position in Linde PLC $LIN

CIBC Asset Management Inc raised its stake in shares of Linde PLC (NASDAQ:LIN) by 19.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 286,971 shares of the basic materials company’s stock after purchasing an additional 47,667 shares during the quarter. CIBC Asset Management Inc’s holdings in Linde were worth $122,309,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

LIN has been the topic of a number of research analyst reports. DZ Bank downgraded Linde from a “buy” rating to a “hold” rating and set a $460.00 target price on the stock. in a report on Tuesday, February 10th. Citigroup upped their target price on Linde from $580.00 to $585.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Erste Group Bank upgraded Linde from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. UBS Group reaffirmed a “buy” rating and issued a $600.00 target price on shares of Linde in a research report on Tuesday. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $560.00 target price on shares of Linde in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $541.91.

Insider Transactions at Linde

In other news, EVP Sean Durbin sold 6,520 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $477.27, for a total transaction of $3,111,800.40. Following the sale, the executive vice president owned 8,151 shares of the company’s stock, valued at $3,890,227.77. This trade represents a 44.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Guillermo Bichara sold 4,357 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $480.79, for a total transaction of $2,094,802.03. Following the sale, the vice president directly owned 22,138 shares in the company, valued at approximately $10,643,729.02. The trade was a 16.44% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.30% of the company’s stock.

Linde Stock Performance

Shares of LIN opened at $495.91 on Wednesday. The business’s fifty day simple moving average is $501.45 and its two-hundred day simple moving average is $466.12. The company has a current ratio of 0.83, a quick ratio of 0.69 and a debt-to-equity ratio of 0.50. Linde PLC has a 12 month low of $387.78 and a 12 month high of $521.28. The company has a market cap of $229.28 billion, a price-to-earnings ratio of 32.93, a P/E/G ratio of 3.12 and a beta of 0.72.

Linde (NASDAQ:LIN) last released its quarterly earnings data on Friday, May 1st. The basic materials company reported $4.33 EPS for the quarter, beating the consensus estimate of $4.27 by $0.06. Linde had a return on equity of 19.80% and a net margin of 20.44%.The company had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $8.60 billion. During the same period last year, the firm posted $3.95 earnings per share. Linde’s revenue was up 8.2% compared to the same quarter last year. Linde has set its FY 2026 guidance at 17.600-17.900 EPS and its Q2 2026 guidance at 4.400-4.500 EPS. Research analysts anticipate that Linde PLC will post 17.86 earnings per share for the current fiscal year.

Linde Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be issued a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, June 4th. Linde’s dividend payout ratio (DPR) is presently 42.50%.

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.