Prestige Wealth Management Group LLC trimmed its position in Linde PLC (NASDAQ:LIN – Free Report) by 78.3% during the first quarter, HoldingsChannel.com reports. The firm owned 1,843 shares of the basic materials company’s stock after selling 6,666 shares during the quarter. Prestige Wealth Management Group LLC’s holdings in Linde were worth $914,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the company. Darwin Wealth Management LLC bought a new position in shares of Linde during the second quarter worth about $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 valued at $28,000 after acquiring an additional 28 shares in the last quarter. Triumph Capital Management lifted 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 acquiring an additional 27 shares in the last quarter. 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 last quarter. Finally, High Note Wealth LLC boosted its position in Linde by 108.6% during the 4th quarter. High Note Wealth LLC now owns 73 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 38 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on LIN shares. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Linde in a research note on Friday, July 17th. Weiss Ratings upgraded shares of Linde from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday. Evercore restated an “outperform” rating and set a $525.00 target price on shares of Linde in a report on Friday, July 10th. UBS Group reaffirmed a “buy” rating and issued a $600.00 target price on shares of Linde in a research report on Tuesday, June 2nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $575.00 price target on shares of Linde in a research note on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Linde has an average rating of “Buy” and an average target price of $548.67.
Linde Price Performance
NASDAQ:LIN opened at $508.67 on Thursday. Linde PLC has a 1-year low of $387.78 and a 1-year 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 simple moving average of $516.04 and a 200 day simple moving average of $493.27. The stock has a market capitalization of $235.18 billion, a PE 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 posted its quarterly earnings results 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 firm had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.60 billion. During the same period in the prior year, the firm posted $3.95 earnings per share. The company’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. On average, research analysts expect that Linde PLC will post 17.88 EPS for the current fiscal year.
Linde Dividend Announcement
The company also recently disclosed 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 was Thursday, June 4th. This represents a $6.40 annualized dividend and a dividend yield of 1.3%. Linde’s payout ratio is currently 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.
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