SmartHarvest Portfolios LLC bought a new stake in Linde PLC (NASDAQ:LIN – Free Report) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 1,935 shares of the basic materials company’s stock, valued at approximately $825,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Darwin Wealth Management LLC purchased a new stake in Linde in the 2nd quarter valued at approximately $25,000. KERR FINANCIAL PLANNING Corp acquired a new position in Linde in the 3rd quarter valued at $29,000. Saranac Partners Ltd acquired a new position in Linde in the 3rd quarter valued at $29,000. Strengthening Families & Communities LLC raised its holdings 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 during the last quarter. Finally, High Note Wealth LLC raised its holdings 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 during the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have weighed in on the company. Seaport Research Partners boosted their price target on Linde from $525.00 to $575.00 and gave the company a “buy” rating in a report on Friday, April 17th. BMO Capital Markets reiterated an “outperform” rating and issued a $560.00 price target on shares of Linde in a report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $575.00 price target on shares of Linde in a report on Monday, May 4th. UBS Group reiterated a “buy” rating and issued a $600.00 price target on shares of Linde in a report on Tuesday, June 2nd. Finally, Weiss Ratings upgraded Linde from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $541.91.
Linde Trading Up 1.2%
LIN stock opened at $515.44 on Friday. The company has a market cap of $238.31 billion, a price-to-earnings ratio of 34.23, a PEG ratio of 3.20 and a beta of 0.72. 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 business has a fifty day simple moving average of $504.26 and a 200-day simple moving average of $471.14. Linde PLC has a 52 week low of $387.78 and a 52 week high of $522.89.
Linde (NASDAQ:LIN – Get Free Report) last released its quarterly earnings data on Friday, May 1st. The basic materials company reported $4.33 EPS for the quarter, topping analysts’ consensus estimates of $4.27 by $0.06. The business had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.60 billion. Linde had a return on equity of 19.80% and a net margin of 20.44%.The business’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the prior year, the firm posted $3.95 EPS. 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, equities research analysts expect that Linde PLC will post 17.86 EPS for the current year.
Linde Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be issued a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, June 4th. Linde’s dividend payout ratio is presently 42.50%.
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.
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