Mitsubishi UFJ Asset Management Co. Ltd. Grows Position in Linde PLC $LIN

Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Linde PLC (NASDAQ:LIN) by 5.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,039,721 shares of the basic materials company’s stock after acquiring an additional 54,303 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.22% of Linde worth $446,155,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in LIN. Darwin Wealth Management LLC purchased a new stake in Linde in the 2nd quarter valued at about $25,000. Marquette Asset Management LLC purchased a new position in shares of Linde in the 3rd quarter worth approximately $27,000. KERR FINANCIAL PLANNING Corp bought a new position in shares of Linde in the third quarter valued at approximately $29,000. Guerra Advisors Inc bought a new position in shares of Linde in the third quarter valued at approximately $30,000. Finally, Saranac Partners Ltd purchased a new stake in shares of Linde during the third quarter valued at approximately $29,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Insider Transactions at Linde

In other news, VP Guillermo Bichara sold 4,357 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $480.79, for a total value of $2,094,802.03. Following the sale, the vice president directly owned 22,138 shares of the company’s stock, valued at $10,643,729.02. The trade was a 16.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Sean Durbin sold 6,520 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $477.27, for a total value of $3,111,800.40. Following the completion of the sale, the executive vice president owned 8,151 shares in the company, valued at $3,890,227.77. The trade was a 44.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 20,332 shares of company stock worth $9,749,257. Corporate insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. UBS Group lifted their price objective on shares of Linde from $550.00 to $579.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. BMO Capital Markets restated an “outperform” rating and set a $560.00 target price on shares of Linde in a research report on Tuesday. Weiss Ratings cut Linde from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, April 29th. Morgan Stanley reaffirmed an “overweight” rating and issued a $530.00 price objective on shares of Linde in a research note on Friday, February 6th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $575.00 target price on shares of Linde in a report on Monday. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $540.00.

Linde Trading Up 1.4%

NASDAQ LIN opened at $500.41 on Wednesday. The stock’s 50 day moving average is $497.01 and its 200 day moving average is $456.41. The company has a quick ratio of 0.69, a current ratio of 0.83 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $231.36 billion, a PE ratio of 33.23, a P/E/G ratio of 3.10 and a beta of 0.73. Linde PLC has a twelve month low of $387.78 and a twelve month high of $521.28.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Friday, May 1st. The basic materials company reported $4.33 EPS for the quarter, beating the consensus estimate of $4.27 by $0.06. Linde had a return on equity of 19.80% and a net margin of 20.44%.The business had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.60 billion. During the same quarter last year, the firm posted $3.95 earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. Linde has set its FY 2026 guidance at 17.600-17.900 EPS and its Q2 2026 guidance at 4.400-4.500 EPS. Research analysts forecast that Linde PLC will post 17.84 earnings per share for the current fiscal year.

Linde Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be paid a dividend of $1.60 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $6.40 annualized dividend and a yield of 1.3%. Linde’s payout ratio is presently 42.50%.

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.