TD Asset Management Inc Purchases 15,094 Shares of Linde PLC $LIN

TD Asset Management Inc grew its position in shares of Linde PLC (NASDAQ:LIN) by 3.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 416,953 shares of the basic materials company’s stock after buying an additional 15,094 shares during the quarter. TD Asset Management Inc’s holdings in Linde were worth $198,053,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sound Financial Strategies Group LLC lifted its holdings in Linde by 1.4% during the second quarter. Sound Financial Strategies Group LLC now owns 1,635 shares of the basic materials company’s stock worth $767,000 after acquiring an additional 22 shares during the period. Shepherd Financial Partners LLC grew its stake in Linde by 4.5% in the 2nd quarter. Shepherd Financial Partners LLC now owns 508 shares of the basic materials company’s stock valued at $238,000 after purchasing an additional 22 shares during the period. Embree Financial Group increased its position in shares of Linde by 4.9% during the 3rd quarter. Embree Financial Group now owns 469 shares of the basic materials company’s stock valued at $223,000 after purchasing an additional 22 shares during the last quarter. Binnacle Investments Inc increased its position 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 valued at $111,000 after purchasing an additional 22 shares during the last quarter. Finally, Trust Co. of Vermont raised its stake in shares of Linde by 0.3% during the 3rd quarter. Trust Co. of Vermont now owns 8,571 shares of the basic materials company’s stock worth $4,071,000 after purchasing an additional 23 shares during the period. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Insider Activity

In related news, VP Guillermo Bichara sold 9,455 shares of the stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $480.45, for a total transaction of $4,542,654.75. Following the sale, the vice president owned 22,138 shares of the company’s stock, valued at approximately $10,636,202.10. This represents a 29.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on LIN shares. CICC Research assumed coverage on shares of Linde in a research report on Wednesday, December 3rd. They set an “outperform” rating and a $510.00 price target for the company. Morgan Stanley reiterated an “overweight” rating and issued a $530.00 target price on shares of Linde in a research note on Friday, February 6th. JPMorgan Chase & Co. restated a “neutral” rating and set a $455.00 price target on shares of Linde in a research note on Friday, February 6th. Citigroup lifted their price target on shares of Linde from $540.00 to $545.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $516.00 price objective on shares of Linde in a report on Monday, November 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $508.20.

Linde Price Performance

LIN opened at $508.27 on Thursday. The firm has a 50-day moving average price of $451.10 and a 200-day moving average price of $449.02. Linde PLC has a twelve month low of $387.78 and a twelve month high of $509.62. 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 company has a market capitalization of $237.34 billion, a price-to-earnings ratio of 34.84, a PEG ratio of 3.31 and a beta of 0.84.

Linde (NASDAQ:LIN) last released its quarterly earnings data on Thursday, February 5th. The basic materials company reported $4.20 EPS for the quarter, topping the consensus estimate of $4.18 by $0.02. Linde had a net margin of 20.30% and a return on equity of 19.52%. The company had revenue of $8.76 billion during the quarter, compared to the consensus estimate of $8.64 billion. During the same period last year, the firm earned $3.97 EPS. Linde’s revenue for the quarter was up 6.3% on a year-over-year basis. Linde has set its Q1 2026 guidance at 4.200-4.300 EPS and its FY 2026 guidance at 17.400-17.900 EPS. Equities analysts expect that Linde PLC will post 16.54 EPS for the current year.

Linde Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Wednesday, March 11th will be given a $1.60 dividend. This represents a $6.40 annualized dividend and a dividend yield of 1.3%. This is a boost from Linde’s previous quarterly dividend of $1.50. The ex-dividend date is Wednesday, March 11th. Linde’s dividend payout ratio (DPR) is presently 41.12%.

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.