Pittenger & Anderson Inc. Purchases 1,055 Shares of Linde PLC $LIN

Pittenger & Anderson Inc. increased its position in Linde PLC (NASDAQ:LIN) by 4.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 25,133 shares of the basic materials company’s stock after purchasing an additional 1,055 shares during the period. Pittenger & Anderson Inc.’s holdings in Linde were worth $12,460,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Capital International Investors boosted its stake in Linde by 20.1% during the 4th quarter. Capital International Investors now owns 7,610,387 shares of the basic materials company’s stock valued at $3,245,255,000 after purchasing an additional 1,275,477 shares during the last quarter. S.E.E.D. Planning Group LLC boosted its position in shares of Linde by 8.9% during the fourth quarter. S.E.E.D. Planning Group LLC now owns 27,341 shares of the basic materials company’s stock valued at $11,658,000 after buying an additional 2,234 shares during the last quarter. Temasek Holdings Private Ltd increased its holdings in Linde by 45.5% in the 3rd quarter. Temasek Holdings Private Ltd now owns 236,206 shares of the basic materials company’s stock worth $112,198,000 after buying an additional 73,850 shares in the last quarter. Boston Trust Walden Corp raised its position in Linde by 143.4% in the 4th quarter. Boston Trust Walden Corp now owns 15,044 shares of the basic materials company’s stock worth $6,415,000 after buying an additional 8,863 shares during the last quarter. Finally, J. Safra Sarasin Holding AG raised its position in Linde by 3.0% in the 4th quarter. J. Safra Sarasin Holding AG now owns 83,262 shares of the basic materials company’s stock worth $35,493,000 after buying an additional 2,408 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

Analyst Ratings Changes

LIN has been the subject of a number of research analyst reports. Evercore reaffirmed an “outperform” rating and issued a $525.00 target price on shares of Linde in a research report on Friday. Weiss Ratings raised Linde from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. Seaport Research Partners raised their price target on Linde from $525.00 to $575.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. 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. Finally, JPMorgan Chase & Co. upped their price objective on Linde from $525.00 to $530.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Linde has an average rating of “Buy” and a consensus target price of $541.75.

Linde Price Performance

Shares of NASDAQ LIN traded up $4.23 during mid-day trading on Friday, reaching $529.79. The company’s stock had a trading volume of 1,857,885 shares, compared to its average volume of 2,264,075. The firm has a market capitalization of $244.95 billion, a PE ratio of 35.18, a P/E/G ratio of 3.33 and a beta of 0.72. 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 stock has a fifty day moving average of $513.87 and a two-hundred day moving average of $487.73. Linde PLC has a 52 week low of $387.78 and a 52 week high of $548.20.

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. The firm had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $8.60 billion. Linde had a return on equity of 19.80% and a net margin of 20.44%.The business’s revenue was up 8.2% compared to the same quarter last year. During the same period in the previous 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. As a group, sell-side analysts anticipate that Linde PLC will post 17.86 EPS for the current fiscal year.

Linde Announces Dividend

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

Linde Company 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.