Boomfish Wealth Group LLC Invests $1.40 Million in Linde PLC $LIN

Boomfish Wealth Group LLC bought a new stake in Linde PLC (NASDAQ:LIN) during the first quarter, Holdings Channel reports. The institutional investor bought 2,830 shares of the basic materials company’s stock, valued at approximately $1,403,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. AGH Wealth Advisors LLC boosted its stake in Linde by 9.4% during the 1st quarter. AGH Wealth Advisors LLC now owns 1,321 shares of the basic materials company’s stock worth $655,000 after purchasing an additional 113 shares during the period. BKM Wealth Management LLC increased its stake in Linde by 5.4% in the first quarter. BKM Wealth Management LLC now owns 5,771 shares of the basic materials company’s stock valued at $2,861,000 after purchasing an additional 295 shares during the period. Cornerstone Wealth Group LLC increased its stake in Linde by 32.4% in the first quarter. Cornerstone Wealth Group LLC now owns 1,018 shares of the basic materials company’s stock valued at $504,000 after purchasing an additional 249 shares during the period. Fort Washington Investment Advisors Inc. OH raised its holdings in shares of Linde by 5.3% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 117,350 shares of the basic materials company’s stock valued at $58,177,000 after buying an additional 5,919 shares during the last quarter. Finally, Braun Stacey Associates Inc. raised its holdings in shares of Linde by 7.1% in the first quarter. Braun Stacey Associates Inc. now owns 33,007 shares of the basic materials company’s stock valued at $16,364,000 after buying an additional 2,202 shares during the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Linde Stock Down 0.5%

LIN stock opened at $519.89 on Friday. The stock has a market capitalization of $240.37 billion, a PE ratio of 34.52, a price-to-earnings-growth ratio of 3.26 and a beta of 0.72. The company has a fifty day moving average of $507.96 and a 200-day moving average of $479.18. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.69 and a current ratio of 0.83. Linde PLC has a one year low of $387.78 and a one year high of $527.94.

Linde (NASDAQ:LIN) last issued its quarterly earnings results on Friday, May 1st. The basic materials company reported $4.33 earnings per share (EPS) 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 net margin of 20.44% and a return on equity of 19.80%. The business’s revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the business 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, analysts expect that Linde PLC will post 17.86 EPS for the current year.

Linde Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Citigroup assumed coverage on shares of Linde in a research note on Wednesday. They set an “overweight” rating for the company. JPMorgan Chase & Co. upped their price objective on Linde from $525.00 to $530.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $575.00 price objective on shares of Linde in a research report on Monday, May 4th. Weiss Ratings upgraded Linde from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 13th. Finally, UBS Group reissued a “buy” rating and issued a $600.00 target price on shares of Linde in a report on Tuesday, June 2nd. One 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, the stock has an average rating of “Buy” and an average target price 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.