NewEdge Wealth LLC Acquires 5,593 Shares of Linde PLC $LIN

NewEdge Wealth LLC increased its position in Linde PLC (NASDAQ:LIN) by 88.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 11,930 shares of the basic materials company’s stock after acquiring an additional 5,593 shares during the quarter. NewEdge Wealth LLC’s holdings in Linde were worth $5,087,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of LIN. Brighton Jones LLC bought a new stake in shares of Linde in the fourth quarter worth $2,752,000. Revolve Wealth Partners LLC grew its holdings 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 period. Sivia Capital Partners LLC grew its holdings in shares of Linde by 19.8% in the second quarter. Sivia Capital Partners LLC now owns 1,569 shares of the basic materials company’s stock worth $736,000 after acquiring an additional 259 shares during the period. Schnieders Capital Management LLC. grew its holdings in shares of Linde by 19.3% in the second quarter. Schnieders Capital Management LLC. now owns 897 shares of the basic materials company’s stock worth $421,000 after acquiring an additional 145 shares during the period. Finally, Gabelli Funds LLC grew its holdings in shares of Linde by 3.2% in the second quarter. Gabelli Funds LLC now owns 5,625 shares of the basic materials company’s stock worth $2,639,000 after acquiring an additional 175 shares during the period. Institutional investors own 82.80% of the company’s stock.

Linde Price Performance

Shares of Linde stock opened at $504.40 on Tuesday. The stock’s 50-day simple moving average is $496.69 and its 200-day simple moving average is $457.79. Linde PLC has a 52 week low of $387.78 and a 52 week high of $521.28. The company has a market capitalization of $233.21 billion, a price-to-earnings ratio of 33.49, a PEG ratio of 3.10 and a beta of 0.73. The company has a quick ratio of 0.69, a current ratio of 0.83 and a debt-to-equity ratio of 0.50.

Linde (NASDAQ:LIN) last announced its quarterly earnings data 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. Linde had a net margin of 20.44% and a return on equity of 19.80%. The business had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.60 billion. During the same period last year, the firm posted $3.95 EPS. The company’s revenue was up 8.2% on a year-over-year basis. 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, analysts expect that Linde PLC will post 17.86 earnings per share for the current fiscal year.

Linde Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be issued a $1.60 dividend. This represents a $6.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, June 4th. Linde’s payout ratio is 42.50%.

Analyst Upgrades and Downgrades

Several analysts recently commented on LIN shares. UBS Group lifted their price objective on Linde from $550.00 to $579.00 and gave the stock a “buy” rating in a report on Thursday, April 9th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $560.00 price objective on shares of Linde in a report on Tuesday, May 5th. Citigroup lifted their target price on Linde from $580.00 to $585.00 and gave the company a “buy” rating in a research report on Monday, May 4th. JPMorgan Chase & Co. lifted their target price on Linde from $525.00 to $530.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $530.00 target price on shares of Linde in a research report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $540.00.

Insider Buying and Selling at Linde

In other news, VP Guillermo Bichara sold 9,455 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $480.45, for a total value of $4,542,654.75. Following the transaction, the vice president owned 22,138 shares of the company’s stock, valued at approximately $10,636,202.10. The trade was a 29.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Sean Durbin sold 6,520 shares of the business’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $477.27, for a total transaction of $3,111,800.40. Following the completion of the transaction, the executive vice president directly owned 8,151 shares in the company, valued at $3,890,227.77. This trade represents a 44.44% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 20,332 shares of company stock worth $9,749,257 in the last three months. Insiders own 0.30% of the company’s stock.

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.