The Manufacturers Life Insurance Company Sells 20,770 Shares of Linde PLC $LIN

The Manufacturers Life Insurance Company lowered its stake in shares of Linde PLC (NASDAQ:LIN) by 4.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 454,507 shares of the basic materials company’s stock after selling 20,770 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Linde were worth $225,329,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Darwin Wealth Management LLC bought a new stake in Linde in the 2nd quarter valued at about $25,000. Legacy Wealth Managment LLC ID boosted its holdings in Linde by 96.6% in the first quarter. Legacy Wealth Managment LLC ID now owns 57 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 28 shares in the last quarter. Manning & Napier Advisors LLC boosted its holdings in Linde by 1,450.0% in the first quarter. Manning & Napier Advisors LLC now owns 62 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 58 shares in the last quarter. Triumph Capital Management grew its stake in Linde by 69.2% in the fourth quarter. Triumph Capital Management now owns 66 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 27 shares during the period. Finally, Strengthening Families & Communities LLC increased its holdings in shares of Linde by 134.5% during the fourth quarter. Strengthening Families & Communities LLC now owns 68 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 39 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.

Linde Stock Down 1.0%

Shares of NASDAQ:LIN opened at $507.02 on Tuesday. The business’s 50 day moving average is $515.98 and its 200 day moving average is $494.86. Linde PLC has a 12-month low of $387.78 and a 12-month high of $548.20. The stock has a market cap of $234.42 billion, a price-to-earnings ratio of 33.67, a PEG ratio of 3.23 and a beta of 0.72. The company has a quick ratio of 0.69, a current ratio of 0.83 and a debt-to-equity ratio of 0.50.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Friday, May 1st. The basic materials company reported $4.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $8.60 billion. During the same period in the previous year, the firm earned $3.95 EPS. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. 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, sell-side analysts forecast that Linde PLC will post 17.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on LIN. Seaport Research Partners upped their target price on Linde from $525.00 to $575.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. JPMorgan Chase & Co. lifted their price target on shares of Linde from $525.00 to $530.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. BMO Capital Markets restated an “outperform” rating and set a $560.00 price target on shares of Linde in a research note on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $575.00 price objective on shares of Linde in a research note on Monday, May 4th. Finally, Citigroup started coverage on shares of Linde in a report on Wednesday, June 24th. They set an “overweight” rating for the company. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $548.67.

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.