Earned Wealth Advisors LLC acquired a new stake in Linde PLC (NASDAQ:LIN – Free Report) in the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 1,035 shares of the basic materials company’s stock, valued at approximately $513,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of LIN. Norges Bank purchased a new stake in Linde during the 4th quarter valued at $3,246,750,000. SG Americas Securities LLC lifted its position in Linde by 10,454.4% in the fourth quarter. SG Americas Securities LLC now owns 2,424,869 shares of the basic materials company’s stock worth $1,033,940,000 after buying an additional 2,401,894 shares during the last quarter. Auto Owners Insurance Co boosted its stake in Linde by 42,539.0% during the fourth quarter. Auto Owners Insurance Co now owns 1,321,809 shares of the basic materials company’s stock worth $56,361,000 after buying an additional 1,318,709 shares during the period. Capital International Investors boosted its stake in Linde by 20.1% during the fourth quarter. Capital International Investors now owns 7,610,387 shares of the basic materials company’s stock worth $3,245,255,000 after buying an additional 1,275,477 shares during the period. Finally, Deutsche Bank AG increased its position in Linde by 40.2% during the fourth quarter. Deutsche Bank AG now owns 3,941,719 shares of the basic materials company’s stock valued at $1,680,710,000 after acquiring an additional 1,130,001 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 equities research analysts have recently issued reports on the stock. Sanford C. Bernstein set a $559.00 target price on shares of Linde in a report on Friday. Royal Bank Of Canada reiterated an “outperform” rating on shares of Linde in a report on Friday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $575.00 price objective on shares of Linde in a research report on Monday, May 4th. JPMorgan Chase & Co. boosted their target price on Linde from $525.00 to $530.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Finally, Seaport Research Partners boosted their target price on Linde from $525.00 to $575.00 and gave the company a “buy” rating in a research report on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $548.67.
Linde Stock Down 0.2%
Shares of LIN opened at $512.05 on Tuesday. The firm has a market capitalization of $236.74 billion, a P/E ratio of 34.00, a P/E/G ratio of 3.22 and a beta of 0.72. Linde PLC has a 12-month low of $387.78 and a 12-month high of $548.20. The company has a current ratio of 0.83, a quick ratio of 0.69 and a debt-to-equity ratio of 0.50. The firm has a fifty day moving average price of $516.10 and a 200-day moving average price of $492.13.
Linde (NASDAQ:LIN – Get Free Report) last posted its quarterly earnings results 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. Linde had a net margin of 20.44% and a return on equity of 19.80%. The firm had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $8.60 billion. During the same period in the prior year, the business posted $3.95 earnings per share. The business’s revenue for the quarter 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. Equities research analysts expect that Linde PLC will post 17.88 earnings per share for the current year.
Linde Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were given a dividend of $1.60 per share. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.2%. Linde’s dividend payout ratio (DPR) is 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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