Turtle Creek Wealth Advisors LLC Grows Holdings in Linde PLC $LIN

Turtle Creek Wealth Advisors LLC boosted its stake in shares of Linde PLC (NASDAQ:LIN) by 62.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,432 shares of the basic materials company’s stock after acquiring an additional 1,321 shares during the quarter. Turtle Creek Wealth Advisors LLC’s holdings in Linde were worth $1,701,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Meadowbrook Advisors Group LLC lifted its stake in shares of Linde by 4.3% in the first quarter. Meadowbrook Advisors Group LLC now owns 511 shares of the basic materials company’s stock valued at $253,000 after purchasing an additional 21 shares during the period. Blalock Williams LLC boosted its stake in Linde by 4.5% in the 4th quarter. Blalock Williams LLC now owns 510 shares of the basic materials company’s stock worth $217,000 after buying an additional 22 shares during the last quarter. Mutual Advisors LLC grew its holdings in Linde by 2.0% in the fourth quarter. Mutual Advisors LLC now owns 1,102 shares of the basic materials company’s stock valued at $470,000 after purchasing an additional 22 shares during the period. Binnacle Investments Inc raised its position in shares of Linde by 10.2% in the 2nd quarter. Binnacle Investments Inc now owns 237 shares of the basic materials company’s stock worth $111,000 after buying an additional 22 shares during the period. Finally, Baldwin Wealth Partners LLC MA raised its holdings in shares of Linde by 3.3% in the 4th quarter. Baldwin Wealth Partners LLC MA now owns 711 shares of the basic materials company’s stock worth $303,000 after purchasing an additional 23 shares during the period. 82.80% of the stock is owned by institutional investors and hedge funds.

Linde Stock Performance

LIN stock opened at $546.64 on Friday. The company has a 50-day simple moving average of $510.47 and a 200 day simple moving average of $483.39. The company has a quick ratio of 0.69, a current ratio of 0.83 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $252.74 billion, a P/E ratio of 36.30, a PEG ratio of 3.35 and a beta of 0.72. Linde PLC has a fifty-two week low of $387.78 and a fifty-two week high of $547.22.

Linde (NASDAQ:LIN) last posted its quarterly earnings data 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. Linde had a net margin of 20.44% and a return on equity of 19.80%. The business had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.60 billion. During the same quarter last year, the business earned $3.95 earnings per share. The business’s revenue for the quarter 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. Sell-side analysts predict that Linde PLC will post 17.86 earnings per share for the current fiscal year.

Linde Dividend Announcement

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 of this dividend was Thursday, June 4th. This represents a $6.40 annualized dividend and a dividend yield of 1.2%. Linde’s payout ratio is currently 42.50%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Citigroup initiated coverage on Linde in a report on Wednesday, June 24th. They issued an “overweight” rating for the company. Weiss Ratings upgraded shares of Linde from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 13th. BMO Capital Markets reiterated an “outperform” rating and issued a $560.00 target price on shares of Linde in a research report on Tuesday, May 5th. Royal Bank Of Canada boosted their price objective on shares of Linde from $552.00 to $570.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $575.00 price target on shares of Linde in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Linde presently has a consensus rating of “Buy” and a consensus price target of $543.27.

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.