Allspring Global Investments Holdings LLC Has $35.86 Million Position in Linde PLC $LIN

Allspring Global Investments Holdings LLC boosted its holdings in shares of Linde PLC (NASDAQ:LIN) by 45.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 72,609 shares of the basic materials company’s stock after acquiring an additional 22,799 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Linde were worth $35,856,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Darwin Wealth Management LLC bought a new position in Linde in the 2nd quarter worth $25,000. Manning & Napier Advisors LLC boosted its holdings in Linde by 1,450.0% during the first quarter. Manning & Napier Advisors LLC now owns 62 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 58 shares during the period. Triumph Capital Management boosted its holdings in Linde by 69.2% during the fourth quarter. Triumph Capital Management now owns 66 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 27 shares during the period. Strengthening Families & Communities LLC grew its position in shares of Linde by 134.5% in the fourth quarter. Strengthening Families & Communities LLC now owns 68 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 39 shares during the last quarter. Finally, High Note Wealth LLC grew its position in shares of Linde by 108.6% in the fourth quarter. High Note Wealth LLC now owns 73 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 38 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. boosted their price objective on Linde from $525.00 to $530.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $575.00 target price on shares of Linde in a report on Monday, May 4th. Citigroup initiated coverage on Linde in a report on Wednesday, June 24th. They set an “overweight” rating for the company. Weiss Ratings raised shares of Linde from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 13th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $560.00 target price on shares of Linde in a research note on Tuesday, May 5th. 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. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $548.67.

Linde Price Performance

Shares of LIN stock opened at $513.22 on Monday. Linde PLC has a 12 month low of $387.78 and a 12 month high of $548.20. The company has a market capitalization of $237.29 billion, a P/E ratio of 34.08, a P/E/G ratio of 3.22 and a beta of 0.72. The stock has a 50 day moving average of $515.95 and a two-hundred day moving average of $491.54. The company has a current ratio of 0.83, a quick ratio of 0.69 and a debt-to-equity ratio of 0.50.

Linde (NASDAQ:LIN) last issued its earnings results on Friday, May 1st. The basic materials company reported $4.33 EPS 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 return on equity of 19.80% and a net margin of 20.44%.Linde’s revenue was up 8.2% on a year-over-year basis. During the same period 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. As a group, equities analysts expect that Linde PLC will post 17.88 EPS for the current year.

Linde Announces Dividend

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