Investment Management Corp of Ontario Raises Stock Holdings in Linde PLC $LIN

Investment Management Corp of Ontario raised its stake in Linde PLC (NASDAQ:LIN) by 56.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 45,170 shares of the basic materials company’s stock after purchasing an additional 16,264 shares during the quarter. Investment Management Corp of Ontario’s holdings in Linde were worth $19,260,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of LIN. Brighton Jones LLC acquired a new stake in Linde in the 4th quarter valued at approximately $2,752,000. Revolve Wealth Partners LLC raised its holdings in shares of Linde by 14.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company’s stock valued at $325,000 after buying an additional 96 shares during the period. Sivia Capital Partners LLC lifted its stake in Linde by 19.8% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,569 shares of the basic materials company’s stock worth $736,000 after acquiring an additional 259 shares in the last quarter. Schnieders Capital Management LLC. lifted its stake in Linde by 19.3% during the 2nd quarter. Schnieders Capital Management LLC. now owns 897 shares of the basic materials company’s stock worth $421,000 after acquiring an additional 145 shares in the last quarter. Finally, Gabelli Funds LLC boosted its holdings in Linde by 3.2% during the 2nd quarter. Gabelli Funds LLC now owns 5,625 shares of the basic materials company’s stock valued at $2,639,000 after acquiring an additional 175 shares during the period. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Erste Group Bank raised Linde from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. Weiss Ratings raised shares of Linde from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 13th. BMO Capital Markets restated an “outperform” rating and issued a $560.00 price objective on shares of Linde in a report on Tuesday, May 5th. UBS Group reaffirmed a “buy” rating and set a $600.00 target price on shares of Linde in a research note on Tuesday, June 2nd. Finally, Royal Bank Of Canada increased their target price on shares of Linde from $552.00 to $570.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $541.91.

Linde Stock Performance

NASDAQ:LIN opened at $515.85 on Thursday. The firm has a market capitalization of $238.50 billion, a PE ratio of 34.25, a price-to-earnings-growth ratio of 3.25 and a beta of 0.72. The business’s fifty day moving average price is $505.88 and its 200 day moving average price is $474.29. 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 $525.87.

Linde (NASDAQ:LIN) last announced its quarterly earnings results 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. The company had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.60 billion. Linde had a return on equity of 19.80% and a net margin of 20.44%.Linde’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the previous year, the business 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. On average, sell-side analysts anticipate that Linde PLC will post 17.86 earnings per share for the current fiscal year.

Linde Dividend Announcement

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