Corient Private Wealth LLC Buys 96,837 Shares of Linde PLC $LIN

Corient Private Wealth LLC increased its stake in shares of Linde PLC (NASDAQ:LIN) by 15.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 725,801 shares of the basic materials company’s stock after buying an additional 96,837 shares during the period. Corient Private Wealth LLC owned about 0.16% of Linde worth $309,562,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in LIN. Darwin Wealth Management LLC bought a new stake in shares of Linde in the 2nd quarter worth approximately $25,000. KERR FINANCIAL PLANNING Corp bought a new position in Linde during the third quarter valued at $29,000. Saranac Partners Ltd bought a new position in Linde during the third quarter valued at $29,000. Triumph Capital Management increased its position in Linde by 69.2% in the fourth quarter. Triumph Capital Management now owns 66 shares of the basic materials company’s stock worth $28,000 after buying an additional 27 shares during the last quarter. Finally, Caitlin John LLC purchased a new stake in Linde in the third quarter worth $32,000. Institutional investors own 82.80% of the company’s stock.

Linde Stock Performance

NASDAQ:LIN opened at $512.15 on Friday. Linde PLC has a 1 year low of $387.78 and a 1 year high of $525.87. The stock’s fifty day moving average price is $506.46 and its two-hundred day moving average price is $475.27. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.69. The company has a market cap of $236.79 billion, a P/E ratio of 34.01, a P/E/G ratio of 3.21 and a beta of 0.72.

Linde (NASDAQ:LIN) last announced its quarterly earnings results on Friday, May 1st. The basic materials company reported $4.33 earnings per share for the quarter, beating the consensus estimate of $4.27 by $0.06. Linde had a return on equity of 19.80% and a net margin of 20.44%.The company had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $8.60 billion. During the same period in the previous year, the business earned $3.95 earnings per share. The firm’s quarterly 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. As a group, analysts expect that Linde PLC will post 17.86 EPS for the current year.

Linde Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were issued a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, June 4th. Linde’s payout ratio is presently 42.50%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on LIN. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $575.00 price target on shares of Linde in a research report on Monday, May 4th. Royal Bank Of Canada boosted their price objective on Linde from $552.00 to $570.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. BMO Capital Markets reaffirmed an “outperform” rating and set a $560.00 price objective on shares of Linde in a report on Tuesday, May 5th. Citigroup upped their price objective on shares of Linde from $580.00 to $585.00 and gave the company a “buy” rating in a report on Monday, May 4th. Finally, Weiss Ratings upgraded shares of Linde from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $541.91.

About Linde

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.