Ascentis Independent Advisors Purchases 1,649 Shares of Linde PLC $LIN

Ascentis Independent Advisors raised its position in shares of Linde PLC (NASDAQ:LIN) by 96.4% in the first quarter, Holdings Channel reports. The firm owned 3,360 shares of the basic materials company’s stock after acquiring an additional 1,649 shares during the quarter. Ascentis Independent Advisors’ holdings in Linde were worth $1,666,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in shares of Linde in the fourth quarter worth approximately $3,246,750,000. SG Americas Securities LLC increased its position in shares of Linde by 10,454.4% during the fourth quarter. SG Americas Securities LLC now owns 2,424,869 shares of the basic materials company’s stock valued at $1,033,940,000 after acquiring an additional 2,401,894 shares in the last quarter. Auto Owners Insurance Co raised its holdings in Linde by 42,539.0% in the 4th quarter. Auto Owners Insurance Co now owns 1,321,809 shares of the basic materials company’s stock worth $56,361,000 after acquiring an additional 1,318,709 shares during the last quarter. Capital International Investors raised its holdings in Linde by 20.1% in the 4th quarter. Capital International Investors now owns 7,610,387 shares of the basic materials company’s stock worth $3,245,255,000 after acquiring an additional 1,275,477 shares during the last quarter. Finally, Deutsche Bank AG raised its holdings in Linde by 40.2% in the 4th quarter. Deutsche Bank AG now owns 3,941,719 shares of the basic materials company’s stock worth $1,680,710,000 after acquiring an additional 1,130,001 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

LIN has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $575.00 target price on shares of Linde in a research note on Monday, May 4th. JPMorgan Chase & Co. upped their price target on Linde from $525.00 to $530.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Citigroup initiated coverage on Linde in a research report on Wednesday, June 24th. They set an “overweight” rating on the stock. Seaport Research Partners lifted their price objective on Linde from $525.00 to $575.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Finally, Royal Bank Of Canada lifted their price objective on Linde from $552.00 to $570.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $543.27.

Linde Trading Down 1.1%

Shares of LIN stock opened at $540.52 on Tuesday. Linde PLC has a 12-month low of $387.78 and a 12-month high of $547.22. The company has a current ratio of 0.83, a quick ratio of 0.69 and a debt-to-equity ratio of 0.50. The firm’s 50 day moving average is $511.51 and its 200 day moving average is $484.30. The stock has a market capitalization of $249.91 billion, a P/E ratio of 35.89, a P/E/G ratio of 3.43 and a beta of 0.72.

Linde (NASDAQ:LIN) last announced its earnings results on Friday, May 1st. The basic materials company reported $4.33 earnings per share for the quarter, beating analysts’ consensus estimates of $4.27 by $0.06. The business had revenue of $8.78 billion during the quarter, compared to analyst estimates 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 period in the previous year, the business earned $3.95 EPS. Linde has set its FY 2026 guidance at 17.600-17.900 EPS and its Q2 2026 guidance at 4.400-4.500 EPS. Research analysts expect that Linde PLC will post 17.86 earnings per share for the current year.

Linde Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were given 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 was Thursday, June 4th. Linde’s dividend payout ratio is 42.50%.

Linde 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.