Frank Rimerman Advisors LLC Has $2.78 Million Holdings in Linde PLC $LIN

Frank Rimerman Advisors LLC raised its holdings in Linde PLC (NASDAQ:LIN) by 119.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,602 shares of the basic materials company’s stock after buying an additional 3,048 shares during the period. Frank Rimerman Advisors LLC’s holdings in Linde were worth $2,777,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Meadowbrook Advisors Group LLC increased its holdings in shares of Linde by 4.3% during the 1st quarter. Meadowbrook Advisors Group LLC now owns 511 shares of the basic materials company’s stock worth $253,000 after acquiring an additional 21 shares during the last quarter. Blalock Williams LLC boosted its position in Linde by 4.5% during the fourth quarter. Blalock Williams LLC now owns 510 shares of the basic materials company’s stock worth $217,000 after purchasing an additional 22 shares during the period. Mutual Advisors LLC boosted its position in Linde by 2.0% during the fourth quarter. Mutual Advisors LLC now owns 1,102 shares of the basic materials company’s stock worth $470,000 after purchasing an additional 22 shares during the period. Binnacle Investments Inc increased its holdings in shares of Linde by 10.2% in the second quarter. Binnacle Investments Inc now owns 237 shares of the basic materials company’s stock valued at $111,000 after purchasing an additional 22 shares during the last quarter. Finally, Baldwin Wealth Partners LLC MA increased its holdings in shares of Linde by 3.3% in the fourth quarter. Baldwin Wealth Partners LLC MA now owns 711 shares of the basic materials company’s stock valued at $303,000 after purchasing an additional 23 shares during the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Linde Trading Down 2.0%

Shares of Linde stock opened at $527.67 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.69 and a current ratio of 0.83. The firm has a 50-day moving average of $513.06 and a 200-day moving average of $486.71. Linde PLC has a 52-week low of $387.78 and a 52-week high of $548.20. The stock has a market cap of $243.97 billion, a PE ratio of 35.04, a PEG ratio of 3.38 and a beta of 0.72.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Friday, May 1st. The basic materials company reported $4.33 EPS for the quarter, topping analysts’ consensus estimates of $4.27 by $0.06. The business had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.60 billion. Linde had a net margin of 20.44% and a return on equity of 19.80%. Linde’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period last year, the firm earned $3.95 earnings per share. 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 forecast that Linde PLC will post 17.86 EPS for the current year.

Linde Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were paid 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 payout ratio is 42.50%.

Wall Street Analysts Forecast Growth

LIN has been the subject of a number of research reports. Royal Bank Of Canada raised their target price on shares of Linde from $552.00 to $570.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $575.00 price target on shares of Linde in a report on Monday, May 4th. Seaport Research Partners raised their price objective on shares of Linde from $525.00 to $575.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Citigroup initiated coverage on Linde in a report on Wednesday, June 24th. They set an “overweight” rating for the company. Finally, JPMorgan Chase & Co. upped their target price on Linde from $525.00 to $530.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price 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.