Linde PLC $LIN Shares Bought by Elevation Point Wealth Partners LLC

Elevation Point Wealth Partners LLC grew its position in Linde PLC (NASDAQ:LIN) by 217.5% in the first quarter, HoldingsChannel reports. The institutional investor owned 16,582 shares of the basic materials company’s stock after purchasing an additional 11,360 shares during the period. Elevation Point Wealth Partners LLC’s holdings in Linde were worth $8,221,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in Linde by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 44,953,116 shares of the basic materials company’s stock valued at $19,167,559,000 after acquiring an additional 354,800 shares during the last quarter. State Street Corp increased its holdings in Linde by 0.9% during the 3rd quarter. State Street Corp now owns 19,319,583 shares of the basic materials company’s stock valued at $9,176,828,000 after acquiring an additional 172,162 shares in the last quarter. Geode Capital Management LLC raised its position in 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 worth $4,820,533,000 after acquiring an additional 35,945 shares during the last quarter. Capital Research Global Investors raised its position in Linde by 8.6% during the fourth quarter. Capital Research Global Investors now owns 10,127,594 shares of the basic materials company’s stock worth $4,318,325,000 after acquiring an additional 797,866 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Linde by 7.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,784,371 shares of the basic materials company’s stock valued at $4,171,959,000 after purchasing an additional 695,771 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Stock Performance

Shares of NASDAQ LIN opened at $546.64 on Friday. The company has a market cap of $252.74 billion, a PE ratio of 36.30, a price-to-earnings-growth ratio of 3.35 and a beta of 0.72. Linde PLC has a 12 month low of $387.78 and a 12 month high of $547.22. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.69. The company has a 50-day simple moving average of $510.47 and a 200-day simple moving average of $483.39.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Friday, May 1st. The basic materials company reported $4.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.27 by $0.06. The business had revenue of $8.78 billion for 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 firm 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. On average, equities analysts anticipate that Linde PLC will post 17.86 earnings per share for the current year.

Linde Announces Dividend

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

Analyst Ratings Changes

Several analysts have recently commented on LIN shares. BMO Capital Markets reiterated an “outperform” rating and issued a $560.00 price target on shares of Linde in a research report on Tuesday, May 5th. 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 research report on Tuesday, May 5th. Seaport Research Partners increased their target price on Linde from $525.00 to $575.00 and gave the company a “buy” rating in a report on Friday, April 17th. Citigroup initiated coverage on Linde in a research report on Wednesday, June 24th. They set an “overweight” rating for the company. Finally, Weiss Ratings raised Linde from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Linde has an average rating of “Buy” and an average target price of $543.27.

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.