Diversify Wealth Management LLC Buys 3,471 Shares of Linde PLC $LIN

Diversify Wealth Management LLC boosted its stake in Linde PLC (NASDAQ:LIN) by 142.0% in the first quarter, HoldingsChannel reports. The firm owned 5,915 shares of the basic materials company’s stock after acquiring an additional 3,471 shares during the period. Diversify Wealth Management LLC’s holdings in Linde were worth $2,985,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of Linde during the 4th quarter worth about $3,246,750,000. SG Americas Securities LLC increased its stake in shares of Linde by 10,454.4% in the 4th quarter. SG Americas Securities LLC now owns 2,424,869 shares of the basic materials company’s stock valued at $1,033,940,000 after acquiring an additional 2,401,894 shares during the last quarter. Auto Owners Insurance Co raised its position in shares of Linde by 42,539.0% in the 4th quarter. Auto Owners Insurance Co now owns 1,321,809 shares of the basic materials company’s stock valued at $56,361,000 after acquiring an additional 1,318,709 shares during the period. Capital International Investors raised its position in shares of Linde by 20.1% in 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 acquiring an additional 1,275,477 shares during the period. Finally, Deutsche Bank AG boosted its stake in Linde by 40.2% during the 4th quarter. Deutsche Bank AG now owns 3,941,719 shares of the basic materials company’s stock worth $1,680,710,000 after acquiring an additional 1,130,001 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Linde from $525.00 to $530.00 and gave the company an “overweight” rating in a report on Monday, May 4th. BMO Capital Markets reissued an “outperform” rating and set a $560.00 price target on shares of Linde in a research report on Tuesday, May 5th. Citigroup started coverage on shares of Linde in a research report on Wednesday, June 24th. They set an “overweight” rating on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $575.00 price target on shares of Linde in a report on Monday, May 4th. Finally, Royal Bank Of Canada upped 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. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Linde presently has a consensus rating of “Buy” and a consensus target price of $541.75.

Linde Stock Performance

Shares of LIN stock opened at $524.06 on Tuesday. 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 PLC has a 52 week low of $387.78 and a 52 week high of $548.20. The company’s 50 day moving average price is $514.32 and its two-hundred day moving average price is $488.88. The company has a market capitalization of $242.30 billion, a P/E ratio of 34.80, a price-to-earnings-growth ratio of 3.33 and a beta of 0.72.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Friday, May 1st. The basic materials company reported $4.33 earnings per share 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 during the quarter, compared to analysts’ expectations of $8.60 billion. During the same quarter in the prior 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, analysts expect that Linde PLC will post 17.86 earnings per share for the current fiscal year.

Linde Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors 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 dividend on an annualized basis and a yield of 1.2%. Linde’s dividend payout ratio is presently 42.50%.

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.