Parnassus Investments LLC Cuts Position in Linde PLC $LIN

Parnassus Investments LLC lessened its holdings in Linde PLC (NASDAQ:LIN) by 13.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,818,692 shares of the basic materials company’s stock after selling 278,093 shares during the quarter. Linde comprises about 2.0% of Parnassus Investments LLC’s holdings, making the stock its 18th biggest position. Parnassus Investments LLC’s holdings in Linde were worth $775,472,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Darwin Wealth Management LLC purchased a new position in shares of Linde in the 2nd quarter valued at about $25,000. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Linde in the 3rd quarter valued at about $29,000. Saranac Partners Ltd purchased a new position in shares of Linde in the 3rd quarter valued at about $29,000. Strengthening Families & Communities LLC increased its stake in shares of Linde by 134.5% in the 4th quarter. Strengthening Families & Communities LLC now owns 68 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 39 shares in the last quarter. Finally, High Note Wealth LLC increased its stake in shares of Linde by 108.6% in the 4th quarter. High Note Wealth LLC now owns 73 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 38 shares in the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on LIN. BMO Capital Markets restated an “outperform” rating and issued a $560.00 price target on shares of Linde in a research note on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $575.00 price target on shares of Linde in a research note on Monday, May 4th. Weiss Ratings upgraded Linde from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 13th. Citigroup lifted their price target on Linde from $580.00 to $585.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Finally, Erste Group Bank raised Linde from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $541.91.

Linde Price Performance

LIN stock opened at $515.44 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.69. The business has a 50 day simple moving average of $504.26 and a 200-day simple moving average of $471.14. The firm has a market capitalization of $238.31 billion, a PE ratio of 34.23, a price-to-earnings-growth ratio of 3.20 and a beta of 0.72. Linde PLC has a 1 year low of $387.78 and a 1 year high of $522.89.

Linde (NASDAQ:LIN) last posted its quarterly earnings results on Friday, May 1st. The basic materials company reported $4.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.27 by $0.06. The business had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.60 billion. Linde had a return on equity of 19.80% and a net margin of 20.44%.The business’s revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the business earned $3.95 earnings per share. Linde has set its FY 2026 guidance at 17.600-17.900 EPS and its Q2 2026 guidance at 4.400-4.500 EPS. Equities research analysts anticipate that Linde PLC will post 17.86 earnings per share for the current fiscal year.

Linde Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be given a $1.60 dividend. This represents a $6.40 annualized dividend and a yield of 1.2%. The ex-dividend date is 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.