Wealthfront Advisers LLC Acquires 14,122 Shares of Linde PLC $LIN

Wealthfront Advisers LLC raised its stake in shares of Linde PLC (NASDAQ:LIN) by 29.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 62,284 shares of the basic materials company’s stock after purchasing an additional 14,122 shares during the quarter. Wealthfront Advisers LLC’s holdings in Linde were worth $30,878,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Darwin Wealth Management LLC bought a new position in Linde in the second quarter worth about $25,000. KERR FINANCIAL PLANNING Corp bought a new stake in Linde during the 3rd quarter valued at approximately $29,000. Saranac Partners Ltd bought a new stake in Linde during the 3rd quarter valued at approximately $29,000. Manning & Napier Advisors LLC grew its holdings in shares of Linde by 1,450.0% during the 1st quarter. Manning & Napier Advisors LLC now owns 62 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 58 shares during the period. Finally, Triumph Capital Management grew its holdings in shares of Linde by 69.2% during the 4th quarter. Triumph Capital Management now owns 66 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 27 shares during the period. 82.80% of the stock is currently owned by institutional investors.

Linde Stock Down 1.6%

LIN stock opened at $514.15 on Thursday. The stock has a market capitalization of $237.72 billion, a P/E ratio of 34.14, a P/E/G ratio of 3.28 and a beta of 0.72. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.69. Linde PLC has a 1-year low of $387.78 and a 1-year high of $548.20. The business has a fifty day moving average price of $515.01 and a 200-day moving average price of $490.26.

Linde (NASDAQ:LIN) last posted its earnings results on Friday, May 1st. The basic materials company reported $4.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.27 by $0.06. The business had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $8.60 billion. Linde had a net margin of 20.44% and a return on equity of 19.80%. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.95 EPS. Linde has set its FY 2026 guidance at 17.600-17.900 EPS and its Q2 2026 guidance at 4.400-4.500 EPS. Equities 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 dividend of $1.60 per share. The ex-dividend date was Thursday, June 4th. This represents a $6.40 dividend on an annualized basis and a yield of 1.2%. Linde’s dividend payout ratio is 42.50%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on LIN. Weiss Ratings upgraded Linde from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. UBS Group restated a “buy” rating and set a $600.00 target price on shares of Linde in a report on Tuesday, June 2nd. 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 research report on Tuesday, May 5th. Citigroup assumed coverage on shares of Linde in a research report on Wednesday, June 24th. They set an “overweight” rating for the company. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Linde from $525.00 to $530.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Linde presently has an average rating of “Buy” and an average price target of $541.75.

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.