Vancity Investment Management Ltd Trims Stock Position in Linde PLC $LIN

Vancity Investment Management Ltd trimmed its position in Linde PLC (NASDAQ:LIN) by 5.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,673 shares of the basic materials company’s stock after selling 1,544 shares during the quarter. Linde comprises 1.9% of Vancity Investment Management Ltd’s investment portfolio, making the stock its 21st biggest position. Vancity Investment Management Ltd’s holdings in Linde were worth $12,804,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of LIN. Atwood & Palmer Inc. increased its holdings in shares of Linde by 12.9% during the 2nd quarter. Atwood & Palmer Inc. now owns 175 shares of the basic materials company’s stock worth $91,000 after buying an additional 20 shares during the last quarter. Meadowbrook Advisors Group LLC raised its position in shares of Linde by 4.3% during the 1st quarter. Meadowbrook Advisors Group LLC now owns 511 shares of the basic materials company’s stock valued at $253,000 after buying an additional 21 shares during the period. Valmark Advisers Inc. lifted its holdings in Linde by 0.5% in the first quarter. Valmark Advisers Inc. now owns 4,159 shares of the basic materials company’s stock valued at $2,062,000 after acquiring an additional 22 shares during the last quarter. Binnacle Investments Inc lifted its holdings in Linde by 10.2% in the second quarter. Binnacle Investments Inc now owns 237 shares of the basic materials company’s stock valued at $111,000 after acquiring an additional 22 shares during the last quarter. Finally, Ellenbecker Investment Group lifted its holdings in Linde by 3.7% in the first quarter. Ellenbecker Investment Group now owns 652 shares of the basic materials company’s stock valued at $323,000 after acquiring an additional 23 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Linde Stock Performance

NASDAQ:LIN opened at $477.57 on Monday. Linde PLC has a fifty-two week low of $387.78 and a fifty-two week high of $548.20. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.75 and a current ratio of 0.88. The company has a 50 day moving average price of $502.05 and a 200 day moving average price of $501.97. The stock has a market capitalization of $220.15 billion, a P/E ratio of 30.85, a PEG ratio of 2.79 and a beta of 0.72.

Linde (NASDAQ:LIN) last announced its earnings results on Friday, July 31st. The basic materials company reported $4.50 EPS for the quarter, beating analysts’ consensus estimates of $4.49 by $0.01. Linde had a return on equity of 20.09% and a net margin of 20.43%.The company had revenue of $9.29 billion during the quarter, compared to analysts’ expectations of $9.02 billion. During the same period last year, the business posted $4.09 EPS. Linde’s revenue for the quarter was up 9.3% on a year-over-year basis. Linde has set its FY 2026 guidance at 17.700-17.900 EPS and its Q3 2026 guidance at 4.450-4.550 EPS. Equities research analysts forecast that Linde PLC will post 17.85 EPS for the current year.

Linde Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, September 3rd will be issued 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 is Thursday, September 3rd. Linde’s dividend payout ratio is 41.34%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Citigroup cut their target price on Linde from $600.00 to $580.00 and set a “buy” rating for the company in a research note on Monday, August 3rd. Evercore reaffirmed an “outperform” rating and issued a $525.00 price target on shares of Linde in a research note on Friday, July 10th. Royal Bank Of Canada lowered their price target on Linde from $576.00 to $553.00 and set an “outperform” rating for the company in a report on Monday, August 3rd. BMO Capital Markets cut their price objective on Linde from $560.00 to $546.00 and set an “outperform” rating for the company in a research report on Monday, August 10th. Finally, Sanford C. Bernstein raised their price objective on Linde from $559.00 to $564.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $545.38.

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.