Chevy Chase Trust Holdings LLC Sells 9,342 Shares of Linde PLC $LIN

Chevy Chase Trust Holdings LLC trimmed its holdings in shares of Linde PLC (NASDAQ:LIN) by 3.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 240,144 shares of the basic materials company’s stock after selling 9,342 shares during the period. Chevy Chase Trust Holdings LLC owned 0.05% of Linde worth $114,068,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of LIN. Caprock Group LLC acquired a new stake in shares of Linde in the 3rd quarter valued at $4,243,000. National Pension Service lifted its stake in shares of Linde by 2.6% during the third quarter. National Pension Service now owns 967,516 shares of the basic materials company’s stock valued at $459,570,000 after acquiring an additional 24,624 shares during the period. Temasek Holdings Private Ltd lifted its stake in shares of Linde by 45.5% during the third quarter. Temasek Holdings Private Ltd now owns 236,206 shares of the basic materials company’s stock valued at $112,198,000 after acquiring an additional 73,850 shares during the period. Cerity Partners LLC boosted its holdings in Linde by 12.3% in the third quarter. Cerity Partners LLC now owns 205,318 shares of the basic materials company’s stock valued at $97,526,000 after acquiring an additional 22,489 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp boosted its holdings in Linde by 27.2% in the second quarter. OMERS ADMINISTRATION Corp now owns 417,001 shares of the basic materials company’s stock valued at $195,649,000 after acquiring an additional 89,129 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

Linde Trading Up 0.7%

NASDAQ:LIN opened at $493.92 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.74 and a debt-to-equity ratio of 0.52. Linde PLC has a 1-year low of $387.78 and a 1-year high of $510.65. The firm has a market capitalization of $228.88 billion, a price-to-earnings ratio of 33.85, a PEG ratio of 3.25 and a beta of 0.82. The business’s 50-day moving average price is $467.63 and its two-hundred day moving average price is $450.27.

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

Linde Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Wednesday, March 11th will be issued a dividend of $1.60 per share. This is an increase from Linde’s previous quarterly dividend of $1.50. This represents a $6.40 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Wednesday, March 11th. Linde’s dividend payout ratio is presently 43.87%.

Analyst Ratings Changes

LIN has been the subject of several recent research reports. DZ Bank cut Linde from a “buy” rating to a “hold” rating and set a $460.00 price objective for the company. in a report on Tuesday, February 10th. Morgan Stanley reaffirmed an “overweight” rating and issued a $530.00 target price on shares of Linde in a research note on Friday, February 6th. UBS Group reiterated a “buy” rating on shares of Linde in a research report on Wednesday. Royal Bank Of Canada cut their price objective on shares of Linde from $540.00 to $490.00 and set an “outperform” rating on the stock in a report on Friday, December 12th. Finally, Weiss Ratings raised shares of Linde from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 18th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Linde has a consensus rating of “Buy” and an average price target of $515.20.

Insider Buying and Selling

In other Linde news, EVP Sean Durbin sold 6,520 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $477.27, for a total value of $3,111,800.40. Following the completion of the sale, the executive vice president owned 8,151 shares of the company’s stock, valued at approximately $3,890,227.77. This represents a 44.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Guillermo Bichara sold 9,455 shares of the stock in a transaction on 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 completion of the sale, the vice president owned 22,138 shares in the company, valued at approximately $10,636,202.10. This trade represents a 29.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 20,332 shares of company stock valued at $9,749,257. Corporate insiders own 0.70% of the company’s stock.

Linde Company 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.