Linde PLC $LIN is Avanda Investment Management Pte. Ltd.’s 8th Largest Position

Avanda Investment Management Pte. Ltd. reduced its position in Linde PLC (NASDAQ:LIN) by 69.5% in the 1st quarter, Holdings Channel reports. The fund owned 4,000 shares of the basic materials company’s stock after selling 9,100 shares during the period. Linde makes up about 3.1% of Avanda Investment Management Pte. Ltd.’s investment portfolio, making the stock its 8th biggest position. Avanda Investment Management Pte. Ltd.’s holdings in Linde were worth $1,983,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on LIN. Evercore reaffirmed an “outperform” rating and set a $525.00 price target on shares of Linde in a research note on Friday. 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 note on Tuesday, May 5th. BMO Capital Markets restated an “outperform” rating and set a $560.00 price objective on shares of Linde in a report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $575.00 price objective on shares of Linde in a report on Monday, May 4th. Finally, JPMorgan Chase & Co. increased their target price on Linde from $525.00 to $530.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. One equities research 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. Based on data from MarketBeat, Linde presently has a consensus rating of “Buy” and a consensus target price of $541.75.

Linde Trading Down 0.3%

Shares of LIN opened at $522.54 on Wednesday. Linde PLC has a 12 month low of $387.78 and a 12 month high of $548.20. The stock’s 50-day moving average is $514.77 and its two-hundred day moving average is $489.60. 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 stock has a market cap of $241.59 billion, a PE ratio of 34.70, a P/E/G ratio of 3.29 and a beta of 0.72.

Linde (NASDAQ:LIN) last posted its earnings results on Friday, May 1st. The basic materials company reported $4.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.27 by $0.06. The business had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.60 billion. Linde had a return on equity of 19.80% and a net margin of 20.44%.The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter last year, the firm earned $3.95 earnings per share. 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 analysts forecast that Linde PLC will post 17.86 earnings per share for the current fiscal year.

Linde Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were paid a dividend of $1.60 per share. The ex-dividend date was Thursday, June 4th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.2%. Linde’s dividend payout ratio (DPR) is currently 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.