SummitTX Capital L.P. Decreases Position in Linde PLC $LIN

SummitTX Capital L.P. trimmed its holdings in Linde PLC (NASDAQ:LIN) by 45.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,118 shares of the basic materials company’s stock after selling 11,038 shares during the quarter. SummitTX Capital L.P.’s holdings in Linde were worth $6,503,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in LIN. Darwin Wealth Management LLC purchased a new stake in Linde in the second quarter valued at $25,000. Triumph Capital Management grew its holdings in shares of Linde by 69.2% during the fourth quarter. Triumph Capital Management now owns 66 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 27 shares during the last quarter. Legacy Wealth Managment LLC ID grew its holdings in shares of Linde by 96.6% during the first quarter. Legacy Wealth Managment LLC ID now owns 57 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 28 shares during the last quarter. Strengthening Families & Communities LLC increased its position in shares of Linde by 134.5% during the fourth quarter. Strengthening Families & Communities LLC now owns 68 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 39 shares in the last quarter. Finally, High Note Wealth LLC increased its position in shares of Linde by 108.6% during the fourth quarter. High Note Wealth LLC now owns 73 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 38 shares in the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Linde Trading Down 1.0%

NASDAQ LIN opened at $507.02 on Tuesday. 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 market cap of $234.42 billion, a PE ratio of 33.67, a P/E/G ratio of 3.23 and a beta of 0.72. Linde PLC has a one year low of $387.78 and a one year high of $548.20. The firm’s fifty day moving average is $515.98 and its two-hundred day moving average is $494.86.

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 business’s 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. Analysts expect that Linde PLC will post 17.89 earnings per share for the current year.

Wall Street Analysts Forecast Growth

LIN has been the subject of several research reports. BMO Capital Markets reissued an “outperform” rating and issued a $560.00 target price on shares of Linde in a report on Tuesday, May 5th. Seaport Research Partners raised their price target on Linde from $525.00 to $575.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Sanford C. Bernstein set a $559.00 price target on Linde in a research report on Friday, July 17th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Linde in a research note on Friday, July 17th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $575.00 price objective on shares of Linde in a report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Linde currently has a consensus rating of “Buy” and an average target price of $548.67.

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.