Linde PLC $LIN Stock: Generali Asset Management SPA SGR Decreases Stake

Generali Asset Management SPA SGR decreased its position in shares of Linde PLC (NASDAQ:LIN) by 8.9% during the third quarter, Holdings Channel reports. The institutional investor owned 54,181 shares of the basic materials company’s stock after selling 5,269 shares during the period. Generali Asset Management SPA SGR’s holdings in Linde were worth $25,717,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of LIN. State Street Corp increased its stake in Linde by 3.7% in the 2nd quarter. State Street Corp now owns 20,344,181 shares of the basic materials company’s stock worth $10,558,016,000 after buying an additional 719,052 shares in the last quarter. Amundi raised its holdings in Linde by 13.4% during the first quarter. Amundi now owns 3,162,409 shares of the basic materials company’s stock valued at $1,567,796,000 after acquiring an additional 373,012 shares during the period. Dimensional Fund Advisors LP raised its holdings in Linde by 2.4% during the first quarter. Dimensional Fund Advisors LP now owns 2,740,541 shares of the basic materials company’s stock valued at $1,358,712,000 after acquiring an additional 64,078 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of Linde by 28.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,624,728 shares of the basic materials company’s stock valued at $805,475,000 after acquiring an additional 361,664 shares in the last quarter. Finally, Swiss National Bank lifted its position in shares of Linde by 6.6% in the first quarter. Swiss National Bank now owns 1,370,361 shares of the basic materials company’s stock valued at $679,370,000 after acquiring an additional 85,360 shares in the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft dropped their price objective on Linde from $580.00 to $575.00 and set a “buy” rating for the company in a research note on Monday, August 3rd. Royal Bank Of Canada decreased their target price on Linde from $553.00 to $549.00 and set an “outperform” rating on the stock in a research note on Thursday, October 15th. BMO Capital Markets reissued an “outperform” rating on shares of Linde in a report on Thursday, October 8th. UBS Group dropped their price target on Linde from $612.00 to $574.00 and set a “buy” rating for the company in a research note on Monday, October 5th. Finally, Jefferies Financial Group increased their price objective on shares of Linde from $535.00 to $560.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Linde has a consensus rating of “Buy” and an average price target of $547.10.

Linde Price Performance

Shares of Linde stock opened at $508.65 on Wednesday. Linde PLC has a 12 month low of $387.78 and a 12 month high of $548.20. The stock has a 50 day moving average of $481.84 and a 200 day moving average of $491.36.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Friday, July 31st. The basic materials company reported $4.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.49 by $0.01. The business had revenue of $9.29 billion for the quarter, compared to analysts’ expectations of $9.02 billion. Linde’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the previous year, the company earned $4.09 EPS. Linde has set its FY 2026 guidance at 17.700-17.900 EPS and its Q3 2026 guidance at 4.450-4.550 EPS. As a group, analysts forecast that Linde PLC will post 17.86 earnings per share for the current fiscal year.

Linde Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Thursday, December 3rd will be given a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Thursday, December 3rd.

About Linde

Linde plc (NASDAQ:LIN) is a global industrial gases and engineering company. It produces and distributes atmospheric gases such as oxygen, nitrogen and argon, as well as hydrogen, helium, carbon dioxide and specialty gases. The company serves customers through packaged gases, bulk deliveries, on-site production and pipeline systems.

Linde’s products and services support a broad range of industries, including healthcare, food and beverage, manufacturing, chemicals, energy, refining, electronics and metals.