Hendley & Co. Inc. Acquires 4,899 Shares of Linde PLC $LIN

Hendley & Co. Inc. boosted its holdings in Linde PLC (NASDAQ:LIN) by 47.7% in the first quarter, Holdings Channel reports. The institutional investor owned 15,170 shares of the basic materials company’s stock after acquiring an additional 4,899 shares during the quarter. Linde accounts for approximately 2.8% of Hendley & Co. Inc.’s investment portfolio, making the stock its 14th biggest holding. Hendley & Co. Inc.’s holdings in Linde were worth $7,521,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Brighton Jones LLC bought a new stake in shares of Linde during the 4th quarter valued at $2,752,000. Revolve Wealth Partners LLC boosted its stake in Linde by 14.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company’s stock worth $325,000 after purchasing an additional 96 shares during the period. Sivia Capital Partners LLC boosted its stake in Linde by 19.8% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,569 shares of the basic materials company’s stock worth $736,000 after purchasing an additional 259 shares during the period. Schnieders Capital Management LLC. grew its holdings in Linde by 19.3% during the 2nd quarter. Schnieders Capital Management LLC. now owns 897 shares of the basic materials company’s stock valued at $421,000 after buying an additional 145 shares in the last quarter. Finally, Gabelli Funds LLC grew its holdings in Linde by 3.2% during the 2nd quarter. Gabelli Funds LLC now owns 5,625 shares of the basic materials company’s stock valued at $2,639,000 after buying an additional 175 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. UBS Group reissued a “buy” rating and issued a $600.00 price target on shares of Linde in a report on Tuesday, June 2nd. JPMorgan Chase & Co. boosted their price objective on shares of Linde from $525.00 to $530.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Seaport Research Partners upped their target price on shares of Linde from $525.00 to $575.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Royal Bank Of Canada upped their target price on shares of Linde from $552.00 to $570.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. Finally, Citigroup increased their target price on shares of Linde from $580.00 to $585.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $541.91.

Linde Price Performance

Linde stock opened at $516.71 on Tuesday. Linde PLC has a 52 week low of $387.78 and a 52 week high of $525.87. The business has a 50-day simple moving average of $506.73 and a 200 day simple moving average of $476.51. The company has a quick ratio of 0.69, a current ratio of 0.83 and a debt-to-equity ratio of 0.50. The stock has a market cap of $238.90 billion, a price-to-earnings ratio of 34.31, a PEG ratio of 3.21 and a beta of 0.72.

Linde (NASDAQ:LIN) last announced its earnings results on Friday, May 1st. The basic materials company reported $4.33 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $8.60 billion. During the same period in the prior year, the company earned $3.95 EPS. 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 forecast that Linde PLC will post 17.86 earnings per share for the current fiscal year.

Linde Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were given a $1.60 dividend. This represents a $6.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Thursday, June 4th. Linde’s dividend payout ratio 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.