Linde PLC $LIN is C WorldWide Group Holding A S’s 2nd Largest Position

C WorldWide Group Holding A S lessened its holdings in shares of Linde PLC (NASDAQ:LIN) by 6.1% in the first quarter, Holdings Channel.com reports. The firm owned 661,663 shares of the basic materials company’s stock after selling 42,754 shares during the period. Linde comprises 7.0% of C WorldWide Group Holding A S’s portfolio, making the stock its 2nd largest holding. C WorldWide Group Holding A S’s holdings in Linde were worth $328,026,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Clearstead Trust LLC increased its holdings in Linde by 29.6% during the 1st quarter. Clearstead Trust LLC now owns 7,624 shares of the basic materials company’s stock worth $3,779,000 after purchasing an additional 1,740 shares during the last quarter. Bessemer Group Inc. boosted its stake in shares of Linde by 2,320.1% during the 1st quarter. Bessemer Group Inc. now owns 464,011 shares of the basic materials company’s stock valued at $230,038,000 after buying an additional 444,838 shares during the last quarter. Avalon Trust Co grew its position in shares of Linde by 0.6% during the first quarter. Avalon Trust Co now owns 45,299 shares of the basic materials company’s stock worth $22,457,000 after buying an additional 281 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Linde by 45.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 72,609 shares of the basic materials company’s stock worth $35,856,000 after buying an additional 22,799 shares in the last quarter. Finally, Independent Financial Group LLC bought a new stake in shares of Linde in the first quarter worth $1,263,000. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on LIN shares. Royal Bank Of Canada upped their price target on shares of Linde from $552.00 to $570.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $575.00 target price on shares of Linde in a research report on Monday, May 4th. Citigroup assumed coverage on shares of Linde in a research note on Wednesday, June 24th. They issued an “overweight” rating on the stock. Weiss Ratings raised shares of Linde from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 13th. Finally, Evercore reiterated an “outperform” rating and issued a $525.00 price target on shares of Linde in a research note on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $541.75.

Linde Trading Up 1.3%

NASDAQ LIN opened at $520.74 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.69 and a current ratio of 0.83. Linde PLC has a one year low of $387.78 and a one year high of $548.20. The company has a 50-day simple moving average of $515.55 and a 200-day simple moving average of $490.93. The firm has a market capitalization of $240.76 billion, a PE ratio of 34.58, a price-to-earnings-growth ratio of 3.23 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 earnings per share for the quarter, topping the consensus estimate of $4.27 by $0.06. Linde had a net margin of 20.44% and a return on equity of 19.80%. The firm had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.60 billion. During the same quarter in the prior year, the business earned $3.95 earnings per share. Linde’s quarterly revenue was up 8.2% on a year-over-year basis. 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 analysts forecast that Linde PLC will post 17.86 earnings per share for the current year.

Linde Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were given a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Thursday, June 4th. Linde’s dividend payout ratio 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.