Assetmark Inc. Reduces Stock Position in Linde PLC $LIN

Assetmark Inc. lowered its holdings in Linde PLC (NASDAQ:LIN) by 3.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 63,604 shares of the basic materials company’s stock after selling 2,513 shares during the quarter. Assetmark Inc.’s holdings in Linde were worth $30,212,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Public Sector Pension Investment Board grew its position in shares of Linde by 23.5% during the third quarter. Public Sector Pension Investment Board now owns 506,855 shares of the basic materials company’s stock worth $240,756,000 after acquiring an additional 96,439 shares during the last quarter. Atria Investments Inc boosted its stake in Linde by 4.4% during the 3rd quarter. Atria Investments Inc now owns 30,174 shares of the basic materials company’s stock worth $14,333,000 after purchasing an additional 1,273 shares during the period. ICW Investment Advisors LLC grew its position in Linde by 5.5% during the 3rd quarter. ICW Investment Advisors LLC now owns 7,380 shares of the basic materials company’s stock worth $3,505,000 after purchasing an additional 388 shares during the last quarter. Wedbush Securities Inc. grew its position in Linde by 52.3% during the 3rd quarter. Wedbush Securities Inc. now owns 6,701 shares of the basic materials company’s stock worth $3,183,000 after purchasing an additional 2,301 shares during the last quarter. Finally, Varma Mutual Pension Insurance Co increased its stake in Linde by 8.5% in the third quarter. Varma Mutual Pension Insurance Co now owns 80,085 shares of the basic materials company’s stock valued at $38,040,000 after purchasing an additional 6,300 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Stock Up 1.7%

Shares of NASDAQ:LIN opened at $481.00 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.88 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $224.60 billion, a P/E ratio of 32.97, a P/E/G ratio of 3.11 and a beta of 0.84. Linde PLC has a 52-week low of $387.78 and a 52-week high of $488.54. The stock’s fifty day simple moving average is $437.28 and its 200-day simple moving average is $447.72.

Linde (NASDAQ:LIN) last issued its quarterly earnings results on Thursday, February 5th. The basic materials company reported $4.20 earnings per share for the quarter, topping analysts’ consensus estimates of $4.18 by $0.02. The company had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.64 billion. Linde had a return on equity of 19.52% and a net margin of 20.30%.The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.97 EPS. Linde has set its Q1 2026 guidance at 4.200-4.300 EPS and its FY 2026 guidance at 17.400-17.900 EPS. As a group, equities research analysts forecast that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on LIN. BMO Capital Markets reissued an “outperform” rating on shares of Linde in a report on Tuesday. Citigroup increased their price objective on Linde from $540.00 to $545.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. CICC Research initiated coverage on Linde in a research note on Wednesday, December 3rd. They issued an “outperform” rating and a $510.00 target price on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Linde in a report on Monday, December 29th. Finally, DZ Bank downgraded Linde from a “buy” rating to a “hold” rating and set a $460.00 price target for the company. in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $508.20.

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.