Perennial Advisors LLC Makes New $1.04 Million Investment in Linde PLC $LIN

Perennial Advisors LLC bought a new stake in Linde PLC (NASDAQ:LIN) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,431 shares of the basic materials company’s stock, valued at approximately $1,037,000.

Several other large investors have also modified their holdings of LIN. State Street Corp lifted its position in Linde by 0.9% in the third quarter. State Street Corp now owns 19,319,583 shares of the basic materials company’s stock valued at $9,176,828,000 after buying an additional 172,162 shares during the last quarter. Capital Research Global Investors increased its position in shares of Linde by 0.9% during the third quarter. Capital Research Global Investors now owns 9,329,728 shares of the basic materials company’s stock valued at $4,431,639,000 after acquiring an additional 83,236 shares during the last quarter. Norges Bank acquired a new stake in shares of Linde during the second quarter valued at about $3,098,772,000. Invesco Ltd. raised its stake in shares of Linde by 6.0% in the 3rd quarter. Invesco Ltd. now owns 4,287,566 shares of the basic materials company’s stock valued at $2,036,594,000 after acquiring an additional 242,733 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in shares of Linde by 4.8% in the 3rd quarter. Franklin Resources Inc. now owns 3,895,026 shares of the basic materials company’s stock worth $1,850,137,000 after acquiring an additional 176,650 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Stock Performance

Shares of LIN stock opened at $479.84 on Wednesday. The firm has a 50 day moving average of $474.46 and a two-hundred day moving average of $450.67. The stock has a market capitalization of $222.35 billion, a PE ratio of 32.89, a P/E/G ratio of 3.14 and a beta of 0.82. The company has a quick ratio of 0.74, a current ratio of 0.88 and a debt-to-equity ratio of 0.52. Linde PLC has a 52 week low of $387.78 and a 52 week high of $510.65.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Thursday, February 5th. The basic materials company reported $4.20 earnings per share for the quarter, topping analysts’ consensus estimates of $4.18 by $0.02. The business had revenue of $8.76 billion for 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 was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.97 earnings per share. 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, research analysts predict that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Wednesday, March 11th will be issued a dividend of $1.60 per share. This is a positive change from Linde’s previous quarterly dividend of $1.50. The ex-dividend date is Wednesday, March 11th. This represents a $6.40 annualized dividend and a yield of 1.3%. Linde’s dividend payout ratio (DPR) is currently 43.87%.

Insider Transactions at Linde

In other Linde news, EVP Sean Durbin sold 6,520 shares of the 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 owned 8,151 shares of the company’s stock, valued at $3,890,227.77. This trade represents a 44.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Guillermo Bichara sold 4,357 shares of Linde stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $480.79, for a total value of $2,094,802.03. Following the completion of the transaction, the vice president owned 22,138 shares of the company’s stock, valued at $10,643,729.02. The trade was a 16.44% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 20,332 shares of company stock worth $9,749,257 in the last ninety days. 0.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on LIN. Royal Bank Of Canada dropped their target price on shares of Linde from $540.00 to $490.00 and set an “outperform” rating for the company in a report on Friday, December 12th. Mizuho set a $525.00 price target on Linde in a research report on Friday, February 6th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Linde in a research note on Tuesday, February 10th. CICC Research initiated coverage on Linde in a report on Wednesday, December 3rd. They issued an “outperform” rating and a $510.00 price objective on the stock. Finally, UBS Group reissued a “buy” rating on shares of Linde in a research note on Wednesday, March 11th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $515.20.

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.