TD Asset Management Inc Grows Position in Linde PLC $LIN

TD Asset Management Inc boosted its stake in shares of Linde PLC (NASDAQ:LIN) by 5.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 438,669 shares of the basic materials company’s stock after purchasing an additional 21,716 shares during the period. TD Asset Management Inc’s holdings in Linde were worth $187,044,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Brighton Jones LLC bought a new stake in Linde during the fourth quarter valued at about $2,752,000. Revolve Wealth Partners LLC raised its holdings in Linde by 14.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company’s stock valued at $325,000 after acquiring an additional 96 shares during the period. Sivia Capital Partners LLC raised its holdings in Linde by 19.8% during the second quarter. Sivia Capital Partners LLC now owns 1,569 shares of the basic materials company’s stock valued at $736,000 after acquiring an additional 259 shares during the period. Schnieders Capital Management LLC. raised its holdings in Linde by 19.3% during the second quarter. Schnieders Capital Management LLC. now owns 897 shares of the basic materials company’s stock valued at $421,000 after acquiring an additional 145 shares during the period. Finally, Gabelli Funds LLC raised its holdings in Linde by 3.2% during the second quarter. Gabelli Funds LLC now owns 5,625 shares of the basic materials company’s stock valued at $2,639,000 after acquiring an additional 175 shares during the period. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Linde Price Performance

NASDAQ:LIN opened at $507.45 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.69 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $234.62 billion, a P/E ratio of 33.70, a P/E/G ratio of 3.19 and a beta of 0.72. Linde PLC has a 12 month low of $387.78 and a 12 month high of $521.28. The business’s 50-day moving average is $502.74 and its 200 day moving average is $467.74.

Linde (NASDAQ:LIN) last posted its earnings results on Friday, May 1st. The basic materials company reported $4.33 EPS for the quarter, topping analysts’ consensus estimates of $4.27 by $0.06. The company had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $8.60 billion. Linde had a return on equity of 19.80% and a net margin of 20.44%.The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the previous year, the business earned $3.95 earnings per share. Linde has set its FY 2026 guidance at 17.600-17.900 EPS and its Q2 2026 guidance at 4.400-4.500 EPS. On average, equities research analysts forecast that Linde PLC will post 17.86 earnings per share for the current fiscal year.

Linde Dividend Announcement

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

Insider Transactions at Linde

In related news, EVP Sean Durbin sold 6,520 shares of the business’s stock in a transaction dated 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 sale, the executive vice president directly owned 8,151 shares in the company, valued at approximately $3,890,227.77. The trade was a 44.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Guillermo Bichara sold 4,357 shares of the business’s stock in a transaction that occurred 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 sale, the vice president directly owned 22,138 shares in the company, valued at $10,643,729.02. The trade was a 16.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on LIN. Citigroup raised their price target on Linde from $580.00 to $585.00 and gave the company a “buy” rating in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $575.00 price target on shares of Linde in a report on Monday, May 4th. Weiss Ratings raised Linde from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. Morgan Stanley reiterated an “overweight” rating and issued a $530.00 target price on shares of Linde in a research report on Friday, February 6th. Finally, Royal Bank Of Canada boosted their target price on Linde from $552.00 to $570.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $541.91.

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.