First Trust Advisors LP grew its holdings in Linde PLC (NASDAQ:LIN – Free Report) by 6.2% in the first quarter, Holdings Channel.com reports. The firm owned 570,323 shares of the basic materials company’s stock after purchasing an additional 33,341 shares during the period. First Trust Advisors LP’s holdings in Linde were worth $282,743,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the business. Darwin Wealth Management LLC purchased a new position in shares of Linde during the second quarter valued at $25,000. Legacy Wealth Managment LLC ID lifted its stake in Linde by 96.6% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 57 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 28 shares in the last quarter. Manning & Napier Advisors LLC lifted its stake in Linde by 1,450.0% in the 1st quarter. Manning & Napier Advisors LLC now owns 62 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 58 shares in the last quarter. Triumph Capital Management boosted its position in Linde by 69.2% during the 4th quarter. Triumph Capital Management now owns 66 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 27 shares during the period. Finally, Strengthening Families & Communities LLC boosted its position in Linde by 134.5% during the 4th quarter. Strengthening Families & Communities LLC now owns 68 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 39 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.
Analyst Ratings Changes
LIN has been the topic of several research analyst reports. Citigroup began coverage on Linde in a research note on Wednesday, June 24th. They set an “overweight” rating on the stock. Royal Bank Of Canada reissued an “outperform” rating on shares of Linde in a research report on Friday, July 17th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $575.00 price target on shares of Linde in a report on Monday, May 4th. Weiss Ratings raised shares of Linde from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday. Finally, UBS Group reaffirmed a “buy” rating and set a $600.00 price objective on shares of Linde in a research report on Tuesday, June 2nd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $548.67.
Linde Price Performance
Shares of NASDAQ:LIN opened at $508.67 on Thursday. 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 PLC has a 1 year low of $387.78 and a 1 year high of $548.20. The business has a fifty day simple moving average of $516.04 and a 200 day simple moving average of $493.27. The firm has a market cap of $235.18 billion, a price-to-earnings ratio of 33.78, a P/E/G ratio of 3.19 and a beta of 0.72.
Linde (NASDAQ:LIN – Get Free Report) last released its quarterly earnings data 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 firm had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $8.60 billion. During the same quarter last year, the firm earned $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. As a group, sell-side analysts predict that Linde PLC will post 17.88 earnings per share for the current fiscal year.
Linde Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were paid 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 1.3%. 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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