Apollon Wealth Management LLC Increases Stock Holdings in Linde PLC $LIN

Apollon Wealth Management LLC boosted its stake in Linde PLC (NASDAQ:LIN) by 32.2% during the 1st quarter, HoldingsChannel.com reports. The fund owned 31,879 shares of the basic materials company’s stock after purchasing an additional 7,772 shares during the quarter. Apollon Wealth Management LLC’s holdings in Linde were worth $15,804,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in LIN. Vanguard Group Inc. grew its holdings in Linde by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 44,953,116 shares of the basic materials company’s stock worth $19,167,559,000 after purchasing an additional 354,800 shares during the period. State Street Corp lifted its holdings in shares of Linde by 0.9% during the third quarter. State Street Corp now owns 19,319,583 shares of the basic materials company’s stock valued at $9,176,828,000 after purchasing an additional 172,162 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Linde by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 11,353,011 shares of the basic materials company’s stock valued at $4,820,533,000 after purchasing an additional 35,945 shares during the last quarter. Capital Research Global Investors boosted its position in shares of Linde by 8.6% in the 4th quarter. Capital Research Global Investors now owns 10,127,594 shares of the basic materials company’s stock worth $4,318,325,000 after purchasing an additional 797,866 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Linde by 7.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,784,371 shares of the basic materials company’s stock worth $4,171,959,000 after purchasing an additional 695,771 shares in the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on LIN. UBS Group reissued a “buy” rating and issued a $600.00 target price on shares of Linde in a research note on Tuesday, June 2nd. Weiss Ratings raised Linde from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 13th. JPMorgan Chase & Co. upped their price target 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. Seaport Research Partners increased their price objective on shares of Linde from $525.00 to $575.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Finally, Citigroup started coverage on shares of Linde in a research note on Wednesday. They set an “overweight” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $543.27.

Linde Price Performance

LIN opened at $519.89 on Monday. 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 stock has a market capitalization of $240.37 billion, a P/E ratio of 34.52, a P/E/G ratio of 3.26 and a beta of 0.72. The company’s 50-day simple moving average is $507.96 and its two-hundred day simple moving average is $479.81. Linde PLC has a 52-week low of $387.78 and a 52-week high of $527.94.

Linde (NASDAQ:LIN) last issued its earnings results on Friday, May 1st. The basic materials company reported $4.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.27 by $0.06. Linde had a net margin of 20.44% and a return on equity of 19.80%. The company had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $8.60 billion. During the same quarter last year, the company posted $3.95 earnings per share. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. 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 predict that Linde PLC will post 17.86 EPS for the current year.

Linde Dividend Announcement

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

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.