Janus Henderson Group PLC Lowers Position in Linde PLC $LIN

Janus Henderson Group PLC trimmed its holdings in shares of Linde PLC (NASDAQ:LIN) by 77.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,668 shares of the basic materials company’s stock after selling 199,692 shares during the period. Janus Henderson Group PLC’s holdings in Linde were worth $28,057,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in LIN. Vanguard Group Inc. lifted its position in shares of Linde by 0.8% in the 4th 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 period. State Street Corp increased its holdings 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 period. Geode Capital Management LLC increased its holdings 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 period. Capital Research Global Investors increased its holdings 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 period. Finally, Price T Rowe Associates Inc. MD raised its stake in Linde by 7.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,784,371 shares of the basic materials company’s stock worth $4,171,959,000 after buying an additional 695,771 shares in the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Key Linde News

Here are the key news stories impacting Linde this week:

• Positive Sentiment: Q2 results exceeded estimates: Adjusted EPS rose 10% year over year to $4.50, narrowly beating the $4.49 consensus, while sales increased 9% to $9.29 billion versus expectations of $9.02 billion. Growth benefited from higher pricing, stronger volumes, favorable currency effects and acquisitions. LIN Q2 Earnings & Revenues Beat Estimates on Volume & Pricing Growth
• Positive Sentiment: Semiconductor expansion adds a long-term growth opportunity: Linde secured a long-term agreement to supply ultra-high-purity gases to a major semiconductor manufacturer and plans to invest approximately $1 billion to expand its Phoenix, Arizona, production complex. The deal should support recurring sales tied to U.S. chip manufacturing capacity. Linde to invest $1 billion in Arizona after winning semiconductor supply deal
• Neutral Sentiment: Electronics was a leading end-market: Management highlighted volume and pricing gains, with electronics demand providing notable support. The earnings call also offered additional detail on operating performance and capital investment plans. Linde plc Q2 2026 Earnings Call Transcript
• Negative Sentiment: Forward guidance fell short of consensus: Linde forecast third-quarter EPS of $4.45–$4.55, below the $4.59 analyst estimate, and full-year 2026 EPS of $17.70–$17.90, below the $17.93 consensus. Although the company raised the lower end of its annual forecast, the outlook implies limited near-term upside relative to expectations. Linde raises lower end of 2026 guidance after Q2 earnings beat

Wall Street Analysts Forecast Growth

LIN has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their target price on Linde from $525.00 to $530.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Evercore reiterated an “outperform” rating and issued a $525.00 price target on shares of Linde in a report on Friday, July 10th. Royal Bank Of Canada reissued an “outperform” rating on shares of Linde in a research report on Friday, July 17th. Weiss Ratings upgraded Linde from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, July 21st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $575.00 price objective on shares of Linde in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $548.67.

Linde Stock Performance

NASDAQ LIN opened at $478.38 on Monday. Linde PLC has a 52 week low of $387.78 and a 52 week high of $548.20. The company has a 50 day moving average price of $515.27 and a 200 day moving average price of $496.61. 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 firm has a market cap of $221.18 billion, a PE ratio of 30.90, a price-to-earnings-growth ratio of 3.03 and a beta of 0.72.

Linde (NASDAQ:LIN) last announced its earnings results on Friday, July 31st. The basic materials company reported $4.50 earnings per share for the quarter, beating the consensus estimate of $4.49 by $0.01. Linde had a net margin of 20.43% and a return on equity of 20.09%. The company had revenue of $9.29 billion during the quarter, compared to the consensus estimate of $9.02 billion. During the same period last year, the firm earned $4.09 earnings per share. Linde’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. As a group, sell-side analysts forecast that Linde PLC will post 17.84 EPS for the current fiscal year.

Linde Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd will be given a $1.60 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.3%. Linde’s dividend payout ratio (DPR) is presently 41.34%.

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.