Linde PLC $LIN Shares Bought by Canoe Financial LP

Canoe Financial LP grew its position in Linde PLC (NASDAQ:LIN) by 6.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,838 shares of the basic materials company’s stock after purchasing an additional 2,000 shares during the quarter. Canoe Financial LP’s holdings in Linde were worth $14,002,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in LIN. Shepherd Financial Partners LLC grew its stake in Linde by 4.5% during the 2nd quarter. Shepherd Financial Partners LLC now owns 508 shares of the basic materials company’s stock worth $238,000 after buying an additional 22 shares during the last quarter. Embree Financial Group lifted its stake in shares of Linde by 4.9% during the third quarter. Embree Financial Group now owns 469 shares of the basic materials company’s stock worth $223,000 after buying an additional 22 shares during the period. Binnacle Investments Inc grew its holdings in shares of Linde by 10.2% during the second quarter. Binnacle Investments Inc now owns 237 shares of the basic materials company’s stock valued at $111,000 after buying an additional 22 shares during the last quarter. Trust Co. of Vermont increased its position in shares of Linde by 0.3% in the 3rd quarter. Trust Co. of Vermont now owns 8,571 shares of the basic materials company’s stock valued at $4,071,000 after acquiring an additional 23 shares during the period. Finally, Baldwin Wealth Partners LLC MA raised its stake in Linde by 3.3% in the 4th quarter. Baldwin Wealth Partners LLC MA now owns 711 shares of the basic materials company’s stock worth $303,000 after acquiring an additional 23 shares during the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Linde Stock Performance

Shares of LIN stock opened at $491.12 on Friday. Linde PLC has a 52-week low of $387.78 and a 52-week high of $510.65. 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 stock has a market cap of $227.58 billion, a PE ratio of 33.66, a price-to-earnings-growth ratio of 3.23 and a beta of 0.82. The business has a 50-day simple moving average of $477.66 and a 200-day simple moving average of $451.23.

Linde (NASDAQ:LIN) last posted its earnings results on Thursday, February 5th. The basic materials company reported $4.20 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 for the quarter, compared to analyst estimates of $8.64 billion. During the same period last year, the company earned $3.97 earnings per share. Linde’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, equities analysts expect that Linde PLC will post 16.54 EPS for the current year.

Linde Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Wednesday, March 11th were issued a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a yield of 1.3%. This is a boost from Linde’s previous quarterly dividend of $1.50. The ex-dividend date of this dividend was Wednesday, March 11th. Linde’s payout ratio is currently 43.87%.

Insiders Place Their Bets

In other Linde news, EVP Sean Durbin sold 6,520 shares of the company’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $477.27, for a total value of $3,111,800.40. Following the completion of the transaction, the executive vice president owned 8,151 shares in the company, valued at approximately $3,890,227.77. This represents a 44.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Guillermo Bichara sold 4,357 shares of the company’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $480.79, for a total transaction of $2,094,802.03. Following the completion of the transaction, the vice president owned 22,138 shares of the company’s stock, valued at approximately $10,643,729.02. This trade represents a 16.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 20,332 shares of company stock worth $9,749,257 over the last three months. 0.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on LIN. Citigroup lifted their price target on Linde from $540.00 to $545.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. BMO Capital Markets reiterated an “outperform” rating on shares of Linde in a report on Tuesday, February 10th. Erste Group Bank upgraded shares of Linde from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 18th. CICC Research initiated coverage on shares of Linde in a report on Wednesday, December 3rd. They issued an “outperform” rating and a $510.00 price objective on the stock. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $530.00 price objective on shares of Linde in a research note on Friday, February 6th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $515.20.

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.