Cvfg LLC Purchases 7,586 Shares of Linde PLC $LIN

Cvfg LLC raised its position in shares of Linde PLC (NASDAQ:LIN) by 824.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,506 shares of the basic materials company’s stock after acquiring an additional 7,586 shares during the period. Cvfg LLC’s holdings in Linde were worth $4,217,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of LIN. Flatrock Wealth Partners LLC bought a new stake in shares of Linde in the 1st quarter worth about $237,000. Duncker Streett & Co. Inc. raised its position in shares of Linde by 9.9% during the 1st quarter. Duncker Streett & Co. Inc. now owns 5,929 shares of the basic materials company’s stock valued at $2,939,000 after buying an additional 533 shares in the last quarter. Nicholas Hoffman & Company LLC. lifted its holdings in shares of Linde by 4.7% in the 1st quarter. Nicholas Hoffman & Company LLC. now owns 1,455 shares of the basic materials company’s stock valued at $721,000 after acquiring an additional 65 shares during the last quarter. Jackson Thornton Wealth Management LLC bought a new position in shares of Linde in the 1st quarter valued at about $335,000. Finally, Addison Capital Co purchased a new position in Linde in the first quarter worth about $213,000. 82.80% of the stock is currently owned by institutional investors.

Linde Stock Performance

Shares of Linde stock opened at $538.23 on Wednesday. The company has a market capitalization of $248.85 billion, a PE ratio of 35.74, a P/E/G ratio of 3.39 and a beta of 0.72. The company has a 50-day simple moving average of $512.72 and a two-hundred day simple moving average of $485.94. Linde PLC has a one year low of $387.78 and a one year high of $548.20. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.69 and a current ratio of 0.83.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Friday, May 1st. The basic materials company reported $4.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.27 by $0.06. The firm 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 previous year, the firm earned $3.95 EPS. Linde has set its FY 2026 guidance at 17.600-17.900 EPS and its Q2 2026 guidance at 4.400-4.500 EPS. Research analysts expect that Linde PLC will post 17.86 EPS for the current fiscal 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 issued a $1.60 dividend. 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 currently 42.50%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Citigroup initiated coverage on Linde in a research note on Wednesday, June 24th. They set an “overweight” rating on the stock. BMO Capital Markets reiterated an “outperform” rating and issued a $560.00 target price on shares of Linde in a research note on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $575.00 target price on shares of Linde in a research report on Monday, May 4th. JPMorgan Chase & Co. upped their price target on shares of Linde from $525.00 to $530.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Finally, Royal Bank Of Canada upped their price target on shares of Linde from $552.00 to $570.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Linde presently has a consensus rating of “Buy” and an average price target 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.