Fifth Third Bancorp Sells 17,046 Shares of Linde PLC $LIN

Fifth Third Bancorp lessened its holdings in shares of Linde PLC (NASDAQ:LIN) by 5.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 281,036 shares of the basic materials company’s stock after selling 17,046 shares during the period. Fifth Third Bancorp owned approximately 0.06% of Linde worth $133,492,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC acquired a new stake in shares of Linde in the fourth quarter worth $2,752,000. Revolve Wealth Partners LLC grew its position in Linde by 14.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company’s stock worth $325,000 after purchasing an additional 96 shares during the last quarter. Sivia Capital Partners LLC increased its holdings in shares of 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 purchasing an additional 259 shares during the period. Stratos Wealth Partners LTD. raised its position in shares of Linde by 8.5% during the second quarter. Stratos Wealth Partners LTD. now owns 7,157 shares of the basic materials company’s stock valued at $3,358,000 after buying an additional 559 shares during the last quarter. Finally, Curbstone Financial Management Corp raised its position in shares of Linde by 15.5% during the second quarter. Curbstone Financial Management Corp now owns 1,194 shares of the basic materials company’s stock valued at $560,000 after buying an additional 160 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. DZ Bank lowered Linde from a “buy” rating to a “hold” rating and set a $460.00 price target on the stock. in a research note on Tuesday, February 10th. Sanford C. Bernstein reissued an “outperform” rating and set a $516.00 price objective on shares of Linde in a report on Monday, November 3rd. UBS Group boosted their price objective on Linde from $500.00 to $550.00 and gave the company a “buy” rating in a research report on Friday, February 6th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Linde in a research report on Tuesday, February 10th. Finally, Royal Bank Of Canada decreased their price target on shares of Linde from $540.00 to $490.00 and set an “outperform” rating on the stock in a research note on Friday, December 12th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Linde has an average rating of “Moderate Buy” and an average target price of $508.20.

Linde Price Performance

Linde stock opened at $481.00 on Monday. The business has a 50 day simple moving average of $437.28 and a 200 day simple moving average of $447.42. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.88 and a quick ratio of 0.74. The company has a market capitalization of $224.60 billion, a PE ratio of 32.97, a price-to-earnings-growth ratio of 3.16 and a beta of 0.84. Linde PLC has a one year low of $387.78 and a one year high of $488.54.

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

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.