Spartan Wealth Advisory Services LLC Invests $6.56 Million in Linde PLC $LIN

Spartan Wealth Advisory Services LLC acquired a new stake in shares of Linde PLC (NASDAQ:LIN) during the 1st quarter, HoldingsChannel reports. The institutional investor acquired 13,237 shares of the basic materials company’s stock, valued at approximately $6,562,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of LIN. Brighton Jones LLC acquired a new stake in shares of Linde during the fourth quarter worth $2,752,000. Revolve Wealth Partners LLC increased its position in shares of Linde by 14.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company’s stock valued at $325,000 after acquiring an additional 96 shares during the period. Sivia Capital Partners LLC increased its position in shares of Linde by 19.8% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,569 shares of the basic materials company’s stock valued at $736,000 after acquiring an additional 259 shares during the period. Schnieders Capital Management LLC. raised its stake in Linde by 19.3% in the 2nd quarter. Schnieders Capital Management LLC. now owns 897 shares of the basic materials company’s stock worth $421,000 after acquiring an additional 145 shares during the last quarter. Finally, Gabelli Funds LLC raised its stake in Linde by 3.2% in the 2nd quarter. Gabelli Funds LLC now owns 5,625 shares of the basic materials company’s stock worth $2,639,000 after acquiring an additional 175 shares during the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Citigroup began coverage on Linde in a research report on Wednesday, June 24th. They set an “overweight” rating for the company. UBS Group reissued a “buy” rating and issued a $600.00 price objective on shares of Linde in a report on Tuesday, June 2nd. Royal Bank Of Canada restated an “outperform” rating on shares of Linde in a research note on Friday. Weiss Ratings raised Linde from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $575.00 target price on shares of Linde in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $548.67.

Linde Trading Down 1.4%

Shares of Linde stock opened at $513.22 on Friday. The stock has a market cap of $237.29 billion, a PE ratio of 34.08, a price-to-earnings-growth ratio of 3.22 and a beta of 0.72. The firm has a fifty day moving average price of $515.95 and a 200 day moving average price of $491.09. Linde PLC has a 1 year low of $387.78 and a 1 year high of $548.20. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.69.

Linde (NASDAQ:LIN) last posted its quarterly earnings results on Friday, May 1st. The basic materials company reported $4.33 EPS for the quarter, beating the consensus estimate of $4.27 by $0.06. Linde had a net margin of 20.44% and a return on equity of 19.80%. The company had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.60 billion. During the same period in the prior year, the company earned $3.95 earnings per share. The firm’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. Equities research analysts predict that Linde PLC will post 17.88 earnings per share for the current year.

Linde Announces Dividend

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