Linde PLC $LIN Stake Increased by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC lifted its holdings in Linde PLC (NASDAQ:LIN) by 5.3% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 241,047 shares of the basic materials company’s stock after acquiring an additional 12,096 shares during the quarter. Linde comprises about 1.6% of Bartlett & CO. Wealth Management LLC’s investment portfolio, making the stock its 14th largest position. Bartlett & CO. Wealth Management LLC’s holdings in Linde were worth $118,969,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of LIN. Heartland Bank & Trust Co boosted its position in Linde by 28.0% during the 1st quarter. Heartland Bank & Trust Co now owns 2,294 shares of the basic materials company’s stock worth $1,137,000 after acquiring an additional 502 shares during the period. Zhang Financial LLC grew its stake in Linde by 16.0% during the 1st quarter. Zhang Financial LLC now owns 3,201 shares of the basic materials company’s stock valued at $1,587,000 after acquiring an additional 442 shares in the last quarter. Kera Capital Partners Inc. acquired a new position in shares of Linde in the 1st quarter valued at about $214,000. Cornerstone Planning Group LLC increased its holdings in shares of Linde by 4.8% in the 1st quarter. Cornerstone Planning Group LLC now owns 1,293 shares of the basic materials company’s stock valued at $647,000 after purchasing an additional 59 shares during the period. Finally, Gryphon Financial Partners LLC lifted its position in shares of Linde by 14.9% in the first quarter. Gryphon Financial Partners LLC now owns 2,370 shares of the basic materials company’s stock worth $1,175,000 after purchasing an additional 307 shares in the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Sanford C. Bernstein set a $559.00 price target on shares of Linde in a report on Friday. BMO Capital Markets reiterated an “outperform” rating and issued a $560.00 price objective on shares of Linde in a research note on Tuesday, May 5th. Citigroup started coverage on shares of Linde in a research report on Wednesday, June 24th. They issued an “overweight” rating for the company. Weiss Ratings raised shares of Linde from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 13th. Finally, Seaport Research Partners boosted their price target on shares of Linde from $525.00 to $575.00 and gave the company a “buy” rating in a report on Friday, April 17th. One 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 has a consensus rating of “Buy” and a consensus price target of $548.67.

Linde Stock Down 1.4%

LIN opened at $513.22 on Friday. Linde PLC has a fifty-two week low of $387.78 and a fifty-two week high of $548.20. The business has a 50-day moving average of $515.95 and a 200-day moving average of $491.09. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.69. The company has a market capitalization of $237.29 billion, a PE ratio of 34.08, a price-to-earnings-growth ratio of 3.27 and a beta of 0.72.

Linde (NASDAQ:LIN) last announced 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. The business had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $8.60 billion. Linde had a return on equity of 19.80% and a net margin of 20.44%.The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $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. Equities research analysts forecast that Linde PLC will post 17.86 EPS for the current fiscal year.

Linde Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were paid a $1.60 dividend. The ex-dividend date was Thursday, June 4th. This represents a $6.40 dividend on an annualized basis and a yield of 1.2%. Linde’s payout ratio is 42.50%.

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.