Van Cleef Asset Management Inc Sells 2,829 Shares of Linde PLC $LIN

Van Cleef Asset Management Inc lessened its position in shares of Linde PLC (NASDAQ:LIN) by 5.6% in the 4th quarter, HoldingsChannel reports. The fund owned 48,006 shares of the basic materials company’s stock after selling 2,829 shares during the period. Linde makes up about 2.1% of Van Cleef Asset Management Inc’s portfolio, making the stock its 13th largest holding. Van Cleef Asset Management Inc’s holdings in Linde were worth $20,469,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. S.E.E.D. Planning Group LLC grew its position in Linde by 8.9% during the 4th quarter. S.E.E.D. Planning Group LLC now owns 27,341 shares of the basic materials company’s stock worth $11,658,000 after purchasing an additional 2,234 shares during the last quarter. Caprock Group LLC purchased a new stake in Linde during the 3rd quarter worth approximately $4,243,000. Temasek Holdings Private Ltd grew its position in Linde by 45.5% during the 3rd quarter. Temasek Holdings Private Ltd now owns 236,206 shares of the basic materials company’s stock worth $112,198,000 after purchasing an additional 73,850 shares during the last quarter. Boston Trust Walden Corp grew its position in Linde by 143.4% during the 4th quarter. Boston Trust Walden Corp now owns 15,044 shares of the basic materials company’s stock worth $6,415,000 after purchasing an additional 8,863 shares during the last quarter. Finally, National Pension Service grew its position in Linde by 2.6% during the 3rd quarter. National Pension Service now owns 967,516 shares of the basic materials company’s stock worth $459,570,000 after purchasing an additional 24,624 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Citigroup boosted their target price on shares of Linde from $580.00 to $585.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Royal Bank Of Canada boosted their target price on shares of Linde from $552.00 to $570.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 5th. JPMorgan Chase & Co. boosted their target price on shares of Linde from $525.00 to $530.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. BMO Capital Markets reissued an “outperform” rating and set a $560.00 target price on shares of Linde in a research report on Tuesday, May 5th. Finally, Weiss Ratings raised shares of Linde from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Linde has a consensus rating of “Buy” and a consensus price target of $540.00.

Insider Buying and Selling at Linde

In related news, VP Guillermo Bichara sold 4,357 shares of the business’s stock in a transaction on 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 directly owned 22,138 shares in the company, valued at $10,643,729.02. The trade was a 16.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Sean Durbin sold 6,520 shares of the business’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $477.27, for a total transaction of $3,111,800.40. Following the completion of the transaction, the executive vice president owned 8,151 shares of the company’s stock, valued at approximately $3,890,227.77. This represents a 44.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.30% of the stock is owned by corporate insiders.

Linde Price Performance

LIN stock opened at $517.58 on Monday. The firm’s fifty day simple moving average is $499.78 and its 200-day simple moving average is $462.47. The company has a market capitalization of $239.30 billion, a P/E ratio of 34.37, a price-to-earnings-growth ratio of 3.25 and a beta of 0.73. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.69. Linde PLC has a 12 month low of $387.78 and a 12 month high of $521.28.

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

Linde Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be issued a $1.60 dividend. This represents a $6.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, June 4th. Linde’s dividend payout ratio is 42.50%.

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.