Prestige Wealth Management Group LLC Increases Stock Holdings in Linde PLC $LIN

Prestige Wealth Management Group LLC increased its holdings in shares of Linde PLC (NASDAQ:LIN) by 373.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 8,509 shares of the basic materials company’s stock after purchasing an additional 6,712 shares during the period. Prestige Wealth Management Group LLC’s holdings in Linde were worth $3,628,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in LIN. Brighton Jones LLC purchased a new stake in Linde during the 4th quarter valued at about $2,752,000. Revolve Wealth Partners LLC raised its holdings in Linde by 14.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company’s stock worth $325,000 after purchasing an additional 96 shares during the period. Sivia Capital Partners LLC raised its holdings in Linde by 19.8% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,569 shares of the basic materials company’s stock worth $736,000 after purchasing an additional 259 shares during the period. Schnieders Capital Management LLC. raised its holdings in shares of Linde by 19.3% during the second quarter. Schnieders Capital Management LLC. now owns 897 shares of the basic materials company’s stock valued at $421,000 after acquiring an additional 145 shares during the last quarter. Finally, Gabelli Funds LLC raised its holdings in shares of Linde by 3.2% during the second quarter. Gabelli Funds LLC now owns 5,625 shares of the basic materials company’s stock valued at $2,639,000 after acquiring an additional 175 shares during the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Insider Buying and Selling

In other Linde news, VP Guillermo Bichara sold 4,357 shares of Linde stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $480.79, for a total value of $2,094,802.03. Following the sale, the vice president owned 22,138 shares of the company’s stock, valued at approximately $10,643,729.02. The trade was a 16.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Sean Durbin sold 6,520 shares of Linde stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $477.27, for a total transaction of $3,111,800.40. Following the sale, the executive vice president owned 8,151 shares of the company’s stock, valued at approximately $3,890,227.77. The trade was a 44.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.30% of the stock is currently owned by insiders.

Linde Price Performance

Shares of LIN opened at $507.45 on Friday. Linde PLC has a twelve month low of $387.78 and a twelve month high of $521.28. The stock’s 50 day moving average is $502.74 and its two-hundred day moving average is $467.74. The firm has a market capitalization of $234.62 billion, a PE ratio of 33.70, a P/E/G ratio of 3.19 and a beta of 0.72. The company has a current ratio of 0.83, a quick ratio of 0.69 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 for the quarter, beating analysts’ consensus estimates of $4.27 by $0.06. Linde had a return on equity of 19.80% and a net margin of 20.44%.The company had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.60 billion. During the same quarter in the previous year, the company earned $3.95 EPS. The firm’s revenue for the quarter 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. Research analysts anticipate that Linde PLC will post 17.86 earnings per share for the current year.

Linde Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on LIN shares. Royal Bank Of Canada upped their price target on Linde from $552.00 to $570.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. Citigroup raised their price target on Linde from $580.00 to $585.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Mizuho set a $525.00 price target on Linde in a research report on Friday, February 6th. DZ Bank cut Linde from a “buy” rating to a “hold” rating and set a $460.00 price objective on the stock. in a research note on Tuesday, February 10th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $530.00 price objective on shares of Linde in a research note on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $541.91.

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.