Procyon Advisors LLC Purchases 1,544 Shares of Linde PLC $LIN

Procyon Advisors LLC raised its position in shares of Linde PLC (NASDAQ:LIN) by 136.9% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,672 shares of the basic materials company’s stock after buying an additional 1,544 shares during the quarter. Procyon Advisors LLC’s holdings in Linde were worth $1,325,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Darwin Wealth Management LLC purchased a new position in shares of Linde in the 2nd quarter worth approximately $25,000. Triumph Capital Management lifted its position 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 last quarter. KERR FINANCIAL PLANNING Corp purchased a new stake in Linde during the third quarter valued at approximately $29,000. Saranac Partners Ltd acquired a new stake in Linde in the third quarter valued at approximately $29,000. 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. 82.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

LIN has been the topic of several analyst reports. 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. Royal Bank Of Canada increased their price objective on Linde from $552.00 to $570.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. JPMorgan Chase & Co. raised 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. Evercore restated an “outperform” rating and set a $525.00 target price on shares of Linde in a research note on Friday. Finally, Weiss Ratings raised Linde from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 13th. One 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, Linde currently has a consensus rating of “Buy” and an average price target of $541.75.

Linde Trading Down 1.1%

NASDAQ:LIN opened at $524.06 on Tuesday. Linde PLC has a 12 month low of $387.78 and a 12 month high of $548.20. The firm has a fifty day simple moving average of $514.32 and a 200-day simple moving average of $488.88. 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 company has a market capitalization of $242.30 billion, a P/E ratio of 34.80, a PEG ratio of 3.33 and a beta of 0.72.

Linde (NASDAQ:LIN) last announced its quarterly earnings data 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. Linde had a net margin of 20.44% and a return on equity of 19.80%. The firm had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.60 billion. During the same period in the previous year, the company earned $3.95 earnings per share. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. 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 research analysts anticipate that Linde PLC will post 17.86 earnings per share for the current year.

Linde Announces Dividend

The company also recently declared 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 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.