Mitchell Mcleod Pugh & Williams Inc. Increases Stake in Linde PLC $LIN

Mitchell Mcleod Pugh & Williams Inc. increased its position in shares of Linde PLC (NASDAQ:LIN) by 40.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,993 shares of the basic materials company’s stock after buying an additional 1,145 shares during the period. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Linde were worth $1,790,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in LIN. Darwin Wealth Management LLC purchased a new position in Linde in the second quarter valued at about $25,000. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Linde in the 3rd quarter worth approximately $29,000. Saranac Partners Ltd bought a new position in shares of Linde during the 3rd quarter worth approximately $29,000. Caitlin John LLC purchased a new stake in Linde during the third quarter valued at approximately $32,000. Finally, Strengthening Families & Communities LLC boosted its stake in 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 acquiring an additional 39 shares in the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Analyst Upgrades and Downgrades

LIN has been the topic of several analyst reports. Weiss Ratings raised shares of Linde from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. UBS Group reaffirmed a “buy” rating and issued a $600.00 price target on shares of Linde in a report on Tuesday, June 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $575.00 price target on shares of Linde in a report on Monday, May 4th. Seaport Research Partners lifted their price target on shares of 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 target on shares of 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 assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $541.91.

Linde Price Performance

Shares of LIN stock opened at $509.16 on Thursday. Linde PLC has a fifty-two week low of $387.78 and a fifty-two week high of $522.89. The firm has a market capitalization of $235.41 billion, a price-to-earnings ratio of 33.81, a PEG ratio of 3.24 and a beta of 0.72. 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’s 50-day simple moving average is $503.87 and its 200-day simple moving average is $470.42.

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

Linde Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be paid a dividend of $1.60 per share. The ex-dividend date is Thursday, June 4th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.3%. Linde’s payout ratio is presently 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.