Smithbridge Asset Management Inc. DE Invests $1.86 Million in Linde PLC $LIN

Smithbridge Asset Management Inc. DE purchased a new position in Linde PLC (NASDAQ:LIN) during the 1st quarter, Holdings Channel.com reports. The firm purchased 3,746 shares of the basic materials company’s stock, valued at approximately $1,857,000.

A number of other institutional investors and hedge funds have also modified their holdings of LIN. Darwin Wealth Management LLC bought a new position in Linde during the 2nd quarter valued at about $25,000. Triumph Capital Management increased its position in shares of Linde by 69.2% during the 4th quarter. Triumph Capital Management now owns 66 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 27 shares during the last quarter. KERR FINANCIAL PLANNING Corp bought a new position in shares of Linde in the 3rd quarter worth approximately $29,000. Saranac Partners Ltd bought a new position in shares of Linde in the 3rd quarter worth approximately $29,000. Finally, Strengthening Families & Communities LLC raised its holdings in Linde by 134.5% in the 4th quarter. Strengthening Families & Communities LLC now owns 68 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 39 shares during the period. Institutional investors own 82.80% of the company’s stock.

Linde Price Performance

LIN opened at $533.55 on Thursday. The business has a fifty day moving average of $509.44 and a 200 day moving average of $482.47. Linde PLC has a 52-week low of $387.78 and a 52-week high of $538.95. The company has a quick ratio of 0.69, a current ratio of 0.83 and a debt-to-equity ratio of 0.50. The stock has a market cap of $246.69 billion, a P/E ratio of 35.43, a PEG ratio of 3.26 and a beta of 0.72.

Linde (NASDAQ:LIN) last released its earnings results on Friday, May 1st. The basic materials company reported $4.33 earnings per share for the quarter, topping analysts’ consensus estimates of $4.27 by $0.06. The business had revenue of $8.78 billion for 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 business’s revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the firm posted $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. As a group, sell-side analysts anticipate that Linde PLC will post 17.86 EPS for the current year.

Linde Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were given 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 dividend payout ratio is presently 42.50%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on LIN shares. Seaport Research Partners lifted their target price on Linde from $525.00 to $575.00 and gave the company a “buy” rating in a research report on Friday, April 17th. JPMorgan Chase & Co. raised their price objective on shares of Linde from $525.00 to $530.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $575.00 target price on shares of Linde in a research note on Monday, May 4th. Citigroup began coverage on shares of Linde in a report on Wednesday, June 24th. They issued an “overweight” rating for the company. Finally, UBS Group reiterated a “buy” rating and set a $600.00 price objective on shares of Linde in a research report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Linde has a consensus rating of “Buy” and a consensus price target of $543.27.

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.