LPL Financial LLC boosted its position in shares of Linde PLC (NASDAQ:LIN – Free Report) by 5.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 354,281 shares of the basic materials company’s stock after purchasing an additional 17,520 shares during the period. LPL Financial LLC owned about 0.08% of Linde worth $151,062,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Darwin Wealth Management LLC bought a new position in Linde during the 2nd quarter valued at about $25,000. KERR FINANCIAL PLANNING Corp acquired a new stake in Linde in the 3rd quarter valued at about $29,000. Saranac Partners Ltd acquired a new stake in Linde in the 3rd quarter valued at about $29,000. Strengthening Families & Communities LLC increased its position in Linde by 134.5% in the 4th quarter. Strengthening Families & Communities LLC now owns 68 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 39 shares in the last quarter. Finally, High Note Wealth LLC increased its position in Linde by 108.6% in the 4th quarter. High Note Wealth LLC now owns 73 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 38 shares in the last quarter. 82.80% of the stock is owned by institutional investors.
Analyst Ratings Changes
LIN has been the subject of several research reports. JPMorgan Chase & Co. raised their price objective on shares of Linde from $525.00 to $530.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. UBS Group restated a “buy” rating and issued a $600.00 price objective on shares of Linde in a research report on Tuesday, June 2nd. Royal Bank Of Canada raised their price objective on shares of Linde from $552.00 to $570.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. Erste Group Bank upgraded shares of Linde from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $560.00 price objective on shares of Linde in a research report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $541.91.
Linde Stock Down 1.2%
Shares of NASDAQ:LIN opened at $509.16 on Thursday. Linde PLC has a one year low of $387.78 and a one year high of $522.89. The company has a 50 day moving average of $503.87 and a 200-day moving average of $470.42. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.69. The stock has a market cap of $235.41 billion, a price-to-earnings ratio of 33.81, a P/E/G ratio of 3.24 and a beta of 0.72.
Linde (NASDAQ:LIN – Get Free Report) last issued its quarterly earnings results on Friday, May 1st. The basic materials company reported $4.33 EPS for the quarter, topping the consensus estimate of $4.27 by $0.06. Linde had a net margin of 20.44% and a return on equity of 19.80%. The company had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $8.60 billion. During the same quarter in the previous year, the company earned $3.95 EPS. Linde’s revenue 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. On average, sell-side analysts forecast that Linde PLC will post 17.86 earnings per share for the current year.
Linde Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be given a dividend of $1.60 per share. The ex-dividend date is Thursday, June 4th. This represents a $6.40 annualized dividend and a dividend yield of 1.3%. Linde’s payout ratio is currently 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.
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