Turtle Creek Wealth Advisors LLC boosted its holdings in shares of Linde PLC (NASDAQ:LIN – Free Report) by 62.6% during the 1st quarter, Holdings Channel reports. The institutional investor owned 3,432 shares of the basic materials company’s stock after buying an additional 1,321 shares during the period. Turtle Creek Wealth Advisors LLC’s holdings in Linde were worth $1,701,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in LIN. Private Advisor Group LLC grew its stake in Linde by 5.1% in the first quarter. Private Advisor Group LLC now owns 20,581 shares of the basic materials company’s stock valued at $10,203,000 after purchasing an additional 991 shares in the last quarter. DeDora Capital Inc. raised its holdings in Linde by 16.7% during the first quarter. DeDora Capital Inc. now owns 5,030 shares of the basic materials company’s stock valued at $2,494,000 after buying an additional 721 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of Linde by 51.0% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 196,087 shares of the basic materials company’s stock valued at $97,212,000 after acquiring an additional 66,260 shares in the last quarter. Elevation Point Wealth Partners LLC lifted its stake in shares of Linde by 217.5% in the first quarter. Elevation Point Wealth Partners LLC now owns 16,582 shares of the basic materials company’s stock worth $8,221,000 after buying an additional 11,360 shares during the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. lifted its position in Linde by 24.6% during the 1st quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. now owns 19,498 shares of the basic materials company’s stock worth $9,666,000 after acquiring an additional 3,855 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.
Analysts Set New Price Targets
LIN has been the subject of a number of research analyst reports. BMO Capital Markets reiterated an “outperform” rating and set a $560.00 price target on shares of Linde in a report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $575.00 price target on shares of Linde in a research note on Monday, May 4th. Royal Bank Of Canada lifted their price objective on Linde from $552.00 to $570.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. Citigroup started coverage on shares of Linde in a research note on Wednesday, June 24th. They set an “overweight” rating on the stock. Finally, JPMorgan Chase & Co. raised their price objective on shares of Linde from $525.00 to $530.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. 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. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $543.27.
Linde Price Performance
Shares of LIN stock opened at $546.64 on Friday. Linde PLC has a 52 week low of $387.78 and a 52 week high of $547.22. The stock has a market capitalization of $252.74 billion, a PE ratio of 36.30, a PEG ratio of 3.35 and a beta of 0.72. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.69 and a current ratio of 0.83. The stock’s fifty day moving average is $510.47 and its 200-day moving average is $483.39.
Linde (NASDAQ:LIN – Get Free Report) last released its quarterly earnings results on Friday, May 1st. The basic materials company reported $4.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.27 by $0.06. Linde had a return on equity of 19.80% and a net margin of 20.44%.The business had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $8.60 billion. During the same period in the previous year, the business posted $3.95 earnings per share. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. Linde has set its FY 2026 guidance at 17.600-17.900 EPS and its Q2 2026 guidance at 4.400-4.500 EPS. Equities research analysts expect that Linde PLC will post 17.86 EPS for the current fiscal year.
Linde Announces Dividend
The business 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 annualized dividend and a yield of 1.2%. The ex-dividend date was Thursday, June 4th. Linde’s dividend payout ratio (DPR) is presently 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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