Davis Investment Partners LLC Invests $570,000 in Linde PLC $LIN

Davis Investment Partners LLC purchased a new position in Linde PLC (NASDAQ:LIN) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,150 shares of the basic materials company’s stock, valued at approximately $570,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in LIN. Brighton Jones LLC bought a new position in Linde during the 4th quarter worth $2,752,000. Revolve Wealth Partners LLC lifted its stake in Linde by 14.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company’s stock valued at $325,000 after buying an additional 96 shares during the last quarter. Sivia Capital Partners LLC lifted its stake in Linde by 19.8% in the second quarter. Sivia Capital Partners LLC now owns 1,569 shares of the basic materials company’s stock valued at $736,000 after buying an additional 259 shares during the last quarter. Schnieders Capital Management LLC. boosted its holdings in shares of Linde by 19.3% during the second quarter. Schnieders Capital Management LLC. now owns 897 shares of the basic materials company’s stock valued at $421,000 after acquiring an additional 145 shares during the period. Finally, Gabelli Funds LLC boosted its holdings in shares of Linde by 3.2% during the second quarter. Gabelli Funds LLC now owns 5,625 shares of the basic materials company’s stock valued at $2,639,000 after acquiring an additional 175 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Price Performance

Shares of LIN opened at $515.73 on Thursday. Linde PLC has a one year low of $387.78 and a one year high of $525.87. The stock’s fifty day moving average is $507.07 and its 200-day moving average is $478.03. 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 capitalization of $238.45 billion, a price-to-earnings ratio of 34.25, a price-to-earnings-growth ratio of 3.22 and a beta of 0.72.

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

Linde Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on LIN shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $575.00 price objective on shares of Linde in a report on Monday, May 4th. Royal Bank Of Canada boosted their target price on shares of Linde from $552.00 to $570.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. Seaport Research Partners upped their target price 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. BMO Capital Markets restated an “outperform” rating and issued a $560.00 price target on shares of Linde in a research note on Tuesday, May 5th. Finally, Weiss Ratings raised Linde from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $543.27.

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.