Keybank National Association OH Acquires 2,295 Shares of Linde PLC $LIN

Keybank National Association OH grew its stake in Linde PLC (NASDAQ:LIN) by 5.5% in the 1st quarter, Holdings Channel reports. The firm owned 43,696 shares of the basic materials company’s stock after purchasing an additional 2,295 shares during the period. Keybank National Association OH’s holdings in Linde were worth $21,663,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in LIN. Heritage Investors Management Corp lifted its position in Linde by 2.0% during the first quarter. Heritage Investors Management Corp now owns 24,942 shares of the basic materials company’s stock valued at $12,365,000 after buying an additional 489 shares during the period. Physician Wealth Advisors Inc. raised its holdings in Linde by 93.8% in the first quarter. Physician Wealth Advisors Inc. now owns 250 shares of the basic materials company’s stock worth $124,000 after buying an additional 121 shares during the last quarter. TSG Advice Partners LLC purchased a new position in Linde in the first quarter worth about $422,000. Smithbridge Asset Management Inc. DE bought a new position in shares of Linde in the first quarter worth approximately $1,857,000. Finally, Root Financial Partners LLC grew its holdings in shares of Linde by 77.2% during the first quarter. Root Financial Partners LLC now owns 771 shares of the basic materials company’s stock valued at $382,000 after buying an additional 336 shares during the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. 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. Citigroup initiated coverage on Linde in a report on Wednesday, June 24th. They issued an “overweight” rating for the company. JPMorgan Chase & Co. boosted their price target on Linde from $525.00 to $530.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Seaport Research Partners upped their price target on Linde from $525.00 to $575.00 and gave the company a “buy” rating in a report on Friday, April 17th. Finally, Weiss Ratings raised Linde from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Linde presently has an average rating of “Buy” and a consensus price target of $543.27.

Linde Stock Performance

LIN opened at $546.64 on Friday. The company’s 50 day moving average is $511.51 and its 200 day moving average is $483.83. 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 company has a market cap of $252.74 billion, a price-to-earnings ratio of 36.30, a PEG ratio of 3.43 and a beta of 0.72. Linde PLC has a 12-month low of $387.78 and a 12-month high of $547.22.

Linde (NASDAQ:LIN) last announced its earnings results on Friday, May 1st. The basic materials company reported $4.33 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $8.60 billion. During the same period in the prior year, the company earned $3.95 earnings per share. The firm’s 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. On average, equities research analysts predict that Linde PLC will post 17.86 EPS for the current year.

Linde Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders 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 dividend yield of 1.2%. Linde’s payout ratio is presently 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.