CenterBook Partners LP Purchases 44,287 Shares of Linde PLC (NASDAQ:LIN)

14 Jul 2025, 17:44 by Danessa Lincoln · The Markets Daily

CenterBook Partners LP lifted its position in Linde PLC (NASDAQ:LIN – Free Report) by 1,192.4% in the 1st quarter, HoldingsChannel reports. The firm owned 48,001 shares of the basic materials company’s stock after purchasing an additional 44,287 shares during the quarter. Linde makes up about 1.4% of CenterBook Partners LP’s portfolio, making the stock its 10th largest position. CenterBook Partners LP’s holdings in Linde were worth $22,351,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of LIN. Brighton Jones LLC acquired a new position in Linde in the fourth quarter valued at approximately $2,752,000. Revolve Wealth Partners LLC lifted its stake in shares of Linde by 14.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company’s stock valued at $325,000 after purchasing an additional 96 shares during the period. Bank Pictet & Cie Europe AG boosted its holdings in Linde by 2.8% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 68,460 shares of the basic materials company’s stock worth $28,662,000 after buying an additional 1,876 shares in the last quarter. Proficio Capital Partners LLC boosted its holdings in Linde by 35.1% during the fourth quarter. Proficio Capital Partners LLC now owns 2,623 shares of the basic materials company’s stock worth $1,098,000 after buying an additional 682 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC grew its position in Linde by 80.4% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 2,253 shares of the basic materials company’s stock valued at $943,000 after buying an additional 1,004 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Wall Street Analysts Forecast Growth

LIN has been the subject of a number of analyst reports. UBS Group upped their price objective on shares of Linde from $485.00 to $504.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 9th. Royal Bank Of Canada started coverage on Linde in a research report on Friday, June 13th. They set an “outperform” rating and a $576.00 price target on the stock. Citigroup upgraded Linde from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $500.00 to $535.00 in a research report on Monday, June 30th. Argus raised Linde to a “strong-buy” rating in a research note on Tuesday, April 8th. Finally, Sanford C. Bernstein raised shares of Linde to a “strong-buy” rating in a research note on Thursday, April 3rd. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Linde has an average rating of “Buy” and an average price target of $518.80.

Read Our Latest Stock Report on LIN

Linde Stock Down 0.3%

Shares of LIN opened at $468.81 on Monday. The stock has a 50 day moving average price of $463.44 and a 200 day moving average price of $453.04. Linde PLC has a one year low of $408.65 and a one year high of $487.49. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.80 and a current ratio of 0.94. The stock has a market capitalization of $220.68 billion, a price-to-earnings ratio of 34.05, a PEG ratio of 3.31 and a beta of 0.96.

Linde (NASDAQ:LIN – Get Free Report) last announced its earnings results on Thursday, May 1st. The basic materials company reported $3.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.92 by $0.03. The company had revenue of $8.11 billion for the quarter, compared to analysts’ expectations of $8.24 billion. Linde had a net margin of 20.02% and a return on equity of 18.95%. The firm’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.75 EPS. Equities research analysts forecast that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were issued a $1.50 dividend. The ex-dividend date was Wednesday, June 4th. This represents a $6.00 annualized dividend and a yield of 1.28%. Linde’s payout ratio is 43.57%.

Insider Transactions at Linde

In other news, VP David P. Strauss sold 1,987 shares of the firm’s stock in a transaction on Friday, May 16th. The stock was sold at an average price of $457.04, for a total transaction of $908,138.48. Following the completion of the transaction, the vice president directly owned 22,639 shares in the company, valued at $10,346,928.56. This trade represents a 8.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Sean Durbin sold 7,261 shares of the stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $456.42, for a total transaction of $3,314,065.62. Following the sale, the vice president owned 8,151 shares in the company, valued at approximately $3,720,279.42. This trade represents a 47.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by company insiders.

About Linde

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