Linde PLC $LIN Shares Acquired by Ritholtz Wealth Management

Ritholtz Wealth Management boosted its position in shares of Linde PLC (NASDAQ:LIN) by 26.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,866 shares of the basic materials company’s stock after buying an additional 1,445 shares during the quarter. Ritholtz Wealth Management’s holdings in Linde were worth $3,404,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC bought a new position in shares of Linde during the 4th quarter valued at about $2,752,000. Revolve Wealth Partners LLC raised its holdings in shares of 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 in the last quarter. Sivia Capital Partners LLC raised its holdings in shares of 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 in the last quarter. Schnieders Capital Management LLC. lifted its stake in Linde by 19.3% during 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 during the last quarter. Finally, Gabelli Funds LLC lifted its stake in Linde by 3.2% during 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 during the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Linde Stock Performance

Linde stock opened at $519.89 on Friday. Linde PLC has a fifty-two week low of $387.78 and a fifty-two week high of $527.94. The firm’s 50 day simple moving average is $507.96 and its 200-day simple moving average is $479.18. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.69. The company has a market cap of $240.37 billion, a P/E ratio of 34.52, a price-to-earnings-growth ratio of 3.28 and a beta of 0.72.

Linde (NASDAQ:LIN) last issued its quarterly earnings results on Friday, May 1st. The basic materials company reported $4.33 EPS for the quarter, beating 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 quarter in the prior year, the firm earned $3.95 EPS. The firm’s quarterly revenue 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, equities research analysts predict that Linde PLC will post 17.86 EPS for the current year.

Linde Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were issued a $1.60 dividend. The ex-dividend date 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 is presently 42.50%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $575.00 target price on shares of Linde in a report on Monday, May 4th. Seaport Research Partners increased their price objective on Linde from $525.00 to $575.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Weiss Ratings raised Linde from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 13th. JPMorgan Chase & Co. lifted their target price on Linde from $525.00 to $530.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $560.00 target price on shares of Linde in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Linde currently has an average rating of “Buy” and an average price target of $543.27.

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.