26,440 Shares in Linde PLC $LIN Bought by Shelter Mutual Insurance Co

Shelter Mutual Insurance Co bought a new stake in shares of Linde PLC (NASDAQ:LIN) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 26,440 shares of the basic materials company’s stock, valued at approximately $13,721,000. Linde makes up approximately 2.9% of Shelter Mutual Insurance Co’s portfolio, making the stock its 9th largest position.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Linde by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 44,953,116 shares of the basic materials company’s stock worth $19,167,559,000 after purchasing an additional 354,800 shares during the last quarter. State Street Corp boosted its stake in Linde by 0.9% during the third quarter. State Street Corp now owns 19,319,583 shares of the basic materials company’s stock valued at $9,176,828,000 after buying an additional 172,162 shares during the last quarter. Geode Capital Management LLC boosted its stake in Linde by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 11,353,011 shares of the basic materials company’s stock valued at $4,820,533,000 after buying an additional 35,945 shares during the last quarter. Capital Research Global Investors boosted its stake in Linde by 8.6% during the fourth quarter. Capital Research Global Investors now owns 10,127,594 shares of the basic materials company’s stock valued at $4,318,325,000 after buying an additional 797,866 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in Linde by 7.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,784,371 shares of the basic materials company’s stock valued at $4,171,959,000 after buying an additional 695,771 shares in the last quarter. 82.80% of the stock is currently owned by institutional investors.

Linde Stock Up 1.3%

Shares of LIN opened at $487.57 on Friday. The company has a quick ratio of 0.75, a current ratio of 0.88 and a debt-to-equity ratio of 0.51. The business has a fifty day moving average of $508.08 and a 200 day moving average of $500.27. The company has a market cap of $224.76 billion, a PE ratio of 31.50, a P/E/G ratio of 3.03 and a beta of 0.72. Linde PLC has a 52-week low of $387.78 and a 52-week high of $548.20.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Friday, July 31st. The basic materials company reported $4.50 earnings per share for the quarter, beating analysts’ consensus estimates of $4.49 by $0.01. Linde had a net margin of 20.43% and a return on equity of 20.09%. The business had revenue of $9.29 billion for the quarter, compared to analysts’ expectations of $9.02 billion. During the same quarter in the previous year, the business posted $4.09 earnings per share. The business’s revenue was up 9.3% compared to the same quarter last year. Linde has set its FY 2026 guidance at 17.700-17.900 EPS and its Q3 2026 guidance at 4.450-4.550 EPS. On average, sell-side analysts expect that Linde PLC will post 17.85 EPS for the current year.

Linde Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, September 3rd will be issued a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a yield of 1.3%. The ex-dividend date is Thursday, September 3rd. Linde’s dividend payout ratio is presently 41.34%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on LIN shares. Evercore reaffirmed an “outperform” rating and issued a $525.00 price objective on shares of Linde in a research note on Friday, July 10th. UBS Group set a $612.00 target price on Linde in a research report on Monday, August 3rd. The Goldman Sachs Group set a $580.00 target price on shares of Linde in a report on Monday, August 10th. Weiss Ratings upgraded shares of Linde from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 21st. Finally, BMO Capital Markets decreased their price target on shares of Linde from $560.00 to $546.00 and set an “outperform” rating on the stock in a research note on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Linde presently has an average rating of “Buy” and an average price target of $545.38.

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.