New Mexico Educational Retirement Board Takes Position in Linde PLC $LIN

New Mexico Educational Retirement Board acquired a new stake in shares of Linde PLC (NASDAQ:LIN) during the second quarter, according to its most recent filing with the SEC. The fund acquired 23,336 shares of the basic materials company’s stock, valued at approximately $12,110,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Brighton Jones LLC purchased a new position in Linde during the fourth quarter valued at approximately $2,752,000. Revolve Wealth Partners LLC lifted its stake in 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 lifted its stake in 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. boosted its holdings in Linde by 19.3% in the 2nd 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 period. Finally, Gabelli Funds LLC boosted its holdings in Linde by 3.2% in the 2nd 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 period. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Linde Price Performance

Shares of NASDAQ:LIN opened at $489.51 on Friday. The company’s fifty day moving average price is $505.33 and its 200-day moving average price is $501.23. The firm has a market capitalization of $225.65 billion, a price-to-earnings ratio of 31.62, a PEG ratio of 3.05 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 company has a debt-to-equity ratio of 0.51, a current ratio of 0.88 and a quick ratio of 0.75.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Friday, July 31st. The basic materials company reported $4.50 earnings per share for the quarter, beating the consensus estimate of $4.49 by $0.01. Linde had a net margin of 20.43% and a return on equity of 20.09%. The firm had revenue of $9.29 billion for the quarter, compared to analysts’ expectations of $9.02 billion. During the same quarter last year, the company posted $4.09 EPS. The business’s quarterly revenue was up 9.3% on a year-over-year basis. Linde has set its FY 2026 guidance at 17.700-17.900 EPS and its Q3 2026 guidance at 4.450-4.550 EPS. On average, equities research analysts anticipate that Linde PLC will post 17.85 earnings per share for the current fiscal year.

Linde Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd will be given a dividend of $1.60 per share. The ex-dividend date is Thursday, September 3rd. This represents a $6.40 dividend on an annualized basis and a yield of 1.3%. Linde’s dividend payout ratio (DPR) is presently 41.34%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on LIN shares. The Goldman Sachs Group set a $580.00 price target on shares of Linde in a report on Monday, August 10th. Citigroup dropped their price objective on Linde from $600.00 to $580.00 and set a “buy” rating for the company in a research note on Monday, August 3rd. Weiss Ratings upgraded Linde from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 21st. BMO Capital Markets decreased their target price on Linde from $560.00 to $546.00 and set an “outperform” rating on the stock in a research note on Monday, August 10th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $575.00 price target on shares of Linde in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $545.38.

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.