Saturna Capital Corp raised its stake in shares of Linde PLC (NASDAQ:LIN – Free Report) by 0.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 142,925 shares of the basic materials company’s stock after buying an additional 1,204 shares during the period. Linde comprises about 1.0% of Saturna Capital Corp’s investment portfolio, making the stock its 27th biggest holding. Saturna Capital Corp’s holdings in Linde were worth $70,856,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also modified their holdings of LIN. Brighton Jones LLC acquired a new position in shares of Linde in the fourth quarter worth $2,752,000. Revolve Wealth Partners LLC boosted its position in Linde by 14.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company’s stock valued at $325,000 after purchasing an additional 96 shares during the last quarter. Sivia Capital Partners LLC boosted its position in Linde by 19.8% during the second quarter. Sivia Capital Partners LLC now owns 1,569 shares of the basic materials company’s stock valued at $736,000 after purchasing an additional 259 shares during the last quarter. Schnieders Capital Management LLC. grew its stake in Linde by 19.3% in the second quarter. Schnieders Capital Management LLC. now owns 897 shares of the basic materials company’s stock valued at $421,000 after purchasing an additional 145 shares in the last quarter. Finally, Gabelli Funds LLC grew its stake in Linde by 3.2% in the second quarter. Gabelli Funds LLC now owns 5,625 shares of the basic materials company’s stock valued at $2,639,000 after purchasing an additional 175 shares in the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
LIN has been the subject of a number of recent research reports. BMO Capital Markets reaffirmed an “outperform” rating and set a $560.00 price target on shares of Linde in a research note on Tuesday, May 5th. Citigroup assumed coverage on Linde in a research note on Wednesday, June 24th. They issued an “overweight” rating for the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $575.00 price objective on shares of Linde in a report on Monday, May 4th. Seaport Research Partners raised their price objective on shares of Linde from $525.00 to $575.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Linde in a research note on Friday. One 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $548.67.
Linde Trading Down 1.4%
NASDAQ:LIN opened at $505.03 on Wednesday. The company’s 50 day moving average is $516.13 and its 200-day moving average is $492.69. The company has a quick ratio of 0.69, a current ratio of 0.83 and a debt-to-equity ratio of 0.50. Linde PLC has a 12 month low of $387.78 and a 12 month high of $548.20. The firm has a market cap of $233.50 billion, a price-to-earnings ratio of 33.53, a P/E/G ratio of 3.23 and a beta of 0.72.
Linde (NASDAQ:LIN – Get Free Report) last posted its quarterly earnings data on Friday, May 1st. The basic materials company reported $4.33 earnings per share (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 business had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.60 billion. During the same period in the prior year, the firm earned $3.95 EPS. Linde’s quarterly revenue 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 analysts anticipate that Linde PLC will post 17.88 EPS for the current year.
Linde Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders 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 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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