Bessemer Group Inc. Increases Stock Position in Linde PLC $LIN

Bessemer Group Inc. increased its holdings in Linde PLC (NASDAQ:LIN) by 2,320.1% during the first quarter, HoldingsChannel.com reports. The fund owned 464,011 shares of the basic materials company’s stock after buying an additional 444,838 shares during the period. Bessemer Group Inc.’s holdings in Linde were worth $230,038,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Darwin Wealth Management LLC acquired a new stake in Linde during the 2nd quarter worth $25,000. Triumph Capital Management increased 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 purchasing an additional 27 shares during the period. Saranac Partners Ltd acquired a new position in Linde in the third quarter valued at $29,000. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Linde in the third quarter valued at about $29,000. Finally, Strengthening Families & Communities LLC raised its holdings in shares of Linde by 134.5% in the fourth quarter. Strengthening Families & Communities LLC now owns 68 shares of the basic materials company’s stock valued at $29,000 after buying an additional 39 shares during the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on LIN shares. Evercore reiterated an “outperform” rating and set a $525.00 target price on shares of Linde in a research note on Friday, July 10th. Citigroup began coverage on Linde in a research note on Wednesday, June 24th. They set an “overweight” rating for the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $575.00 price objective on shares of Linde in a research report on Monday, May 4th. Royal Bank Of Canada lifted their target price on Linde from $552.00 to $570.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. Finally, UBS Group reissued a “buy” rating and issued a $600.00 target price on shares of Linde in a report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $541.75.

Linde Trading Up 1.3%

NASDAQ LIN opened at $520.74 on Friday. The stock has a market capitalization of $240.76 billion, a P/E ratio of 34.58, a P/E/G ratio of 3.23 and a beta of 0.72. Linde PLC has a 52-week low of $387.78 and a 52-week high of $548.20. The firm has a 50-day moving average price of $515.55 and a 200 day moving average price of $490.93. 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 announced its quarterly earnings data on Friday, May 1st. The basic materials company reported $4.33 earnings per share for the quarter, beating analysts’ consensus estimates of $4.27 by $0.06. Linde had a return on equity of 19.80% and a net margin of 20.44%.The company had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.60 billion. During the same quarter in the previous year, the company earned $3.95 EPS. The firm’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. Equities research analysts expect that Linde PLC will post 17.86 EPS for the current year.

Linde Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were 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 was Thursday, June 4th. Linde’s dividend payout ratio (DPR) is currently 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.