Mufg Securities Americas Inc. grew its stake in Linde PLC (NASDAQ:LIN – Free Report) by 21.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,645 shares of the basic materials company’s stock after purchasing an additional 2,213 shares during the quarter. Mufg Securities Americas Inc.’s holdings in Linde were worth $6,006,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of LIN. Vanguard Group Inc. lifted its position in Linde by 0.7% during the second quarter. Vanguard Group Inc. now owns 44,638,847 shares of the basic materials company’s stock worth $20,943,654,000 after acquiring an additional 292,492 shares during the last quarter. Norges Bank bought a new position in shares of Linde during the second quarter worth approximately $3,098,772,000. Invesco Ltd. lifted its holdings in Linde by 4.8% during the 2nd quarter. Invesco Ltd. now owns 4,044,833 shares of the basic materials company’s stock worth $1,897,755,000 after purchasing an additional 185,294 shares during the last quarter. Franklin Resources Inc. boosted its stake in Linde by 0.7% in the 2nd quarter. Franklin Resources Inc. now owns 3,718,376 shares of the basic materials company’s stock valued at $1,744,588,000 after purchasing an additional 24,046 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in Linde by 1.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,605,118 shares of the basic materials company’s stock valued at $1,690,961,000 after purchasing an additional 40,216 shares during the period. Institutional investors own 82.80% of the company’s stock.
Insider Activity
In other news, VP Guillermo Bichara sold 9,455 shares of the business’s 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 transaction, the vice president owned 22,138 shares of the company’s stock, valued at approximately $10,636,202.10. The trade was a 29.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.70% of the company’s stock.
Linde Price Performance
Linde (NASDAQ:LIN – Get Free Report) last posted its quarterly 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. Linde had a net margin of 20.30% and a return on equity of 19.52%. The business had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.64 billion. During the same quarter last year, the business posted $3.97 EPS. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. 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 research analysts predict that Linde PLC will post 16.54 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on the company. Royal Bank Of Canada lowered their price objective on Linde from $540.00 to $490.00 and set an “outperform” rating on the stock in a research report on Friday, December 12th. UBS Group raised their price target on shares of Linde from $500.00 to $550.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Erste Group Bank upgraded shares of Linde from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 18th. Weiss Ratings upgraded shares of Linde from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 18th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $455.00 price target on shares of Linde in a research report on Friday, February 6th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Linde presently has an average rating of “Buy” and an average target price of $508.20.
Check Out Our Latest Research Report on LIN
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.
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