Union Savings Bank purchased a new position in Linde PLC (NASDAQ:LIN – Free Report) in the 4th quarter, Holdings Channel.com reports. The firm purchased 1,154 shares of the basic materials company’s stock, valued at approximately $492,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Darwin Wealth Management LLC bought a new stake in shares of Linde in the 2nd quarter valued at approximately $25,000. KERR FINANCIAL PLANNING Corp bought a new position in shares of Linde during the 3rd quarter worth approximately $29,000. Saranac Partners Ltd acquired a new stake in Linde in the 3rd quarter valued at $29,000. Triumph Capital Management boosted its stake in Linde by 69.2% in the 4th quarter. Triumph Capital Management now owns 66 shares of the basic materials company’s stock valued at $28,000 after buying an additional 27 shares in the last quarter. Finally, Caitlin John LLC acquired a new stake in Linde in the 3rd quarter valued at $32,000. Institutional investors own 82.80% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on LIN shares. BMO Capital Markets reiterated an “outperform” rating and set a $560.00 price objective on shares of Linde in a research note on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $575.00 target price on shares of Linde in a research note on Monday, May 4th. Weiss Ratings upgraded shares of Linde from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 13th. UBS Group restated a “buy” rating and issued a $600.00 price target on shares of Linde in a research report on Tuesday, June 2nd. Finally, Citigroup upped their price objective on shares of Linde from $580.00 to $585.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $541.91.
Linde Price Performance
Shares of LIN stock opened at $512.15 on Friday. Linde PLC has a 1 year low of $387.78 and a 1 year high of $525.87. The firm’s 50 day moving average is $506.46 and its 200-day moving average is $475.27. The firm has a market capitalization of $236.79 billion, a price-to-earnings ratio of 34.01, a PEG ratio of 3.21 and a beta of 0.72. The company has a current ratio of 0.83, a quick ratio of 0.69 and a debt-to-equity ratio of 0.50.
Linde (NASDAQ:LIN – Get Free Report) last released its quarterly earnings results 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. The business had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $8.60 billion. Linde had a net margin of 20.44% and a return on equity of 19.80%. Linde’s revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.95 earnings per share. Linde has set its FY 2026 guidance at 17.600-17.900 EPS and its Q2 2026 guidance at 4.400-4.500 EPS. Sell-side analysts forecast that Linde PLC will post 17.86 EPS for the current fiscal year.
Linde Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were given a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Thursday, June 4th. Linde’s dividend payout ratio (DPR) is presently 42.50%.
Linde 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.
Further Reading
- Five stocks we like better than Linde
- MarketBeat Week in Review – 06/15 – 06/19
- Aehr Spikes on New Order, But Has Stock Gotten Ahead of Itself?
- Rackspace’s AI Land Grab: Plugging Into the Next Compute Boom
- Satellogic Is Tiny But Its Revenue Growth Is Hard to Ignore
Want to see what other hedge funds are holding LIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Linde PLC (NASDAQ:LIN – Free Report).
Receive News & Ratings for Linde Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Linde and related companies with MarketBeat.com's FREE daily email newsletter.
