Linde PLC $LIN Shares Sold by Nixon Peabody Trust Co.

Nixon Peabody Trust Co. lessened its stake in shares of Linde PLC (NASDAQ:LIN) by 6.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 17,544 shares of the basic materials company’s stock after selling 1,182 shares during the period. Nixon Peabody Trust Co.’s holdings in Linde were worth $8,698,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Darwin Wealth Management LLC purchased a new position in shares of Linde in the second quarter worth $25,000. Triumph Capital Management grew its holdings in shares of Linde by 69.2% during the fourth quarter. Triumph Capital Management now owns 66 shares of the basic materials company’s stock valued at $28,000 after buying an additional 27 shares during the last quarter. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Linde during the third quarter valued at $29,000. Saranac Partners Ltd acquired a new position in shares of Linde in the 3rd quarter valued at $29,000. Finally, Strengthening Families & Communities LLC increased its position in shares of Linde by 134.5% in the 4th quarter. Strengthening Families & Communities LLC now owns 68 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 39 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Price Performance

NASDAQ:LIN opened at $546.64 on Friday. 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 company’s fifty day moving average price is $511.51 and its 200-day moving average price is $483.83. Linde PLC has a 1-year low of $387.78 and a 1-year high of $547.22. The firm has a market capitalization of $252.74 billion, a P/E ratio of 36.30, a PEG ratio of 3.43 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 company had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.60 billion. Linde had a net margin of 20.44% and a return on equity of 19.80%. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the previous 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, equities research analysts anticipate that Linde PLC will post 17.86 EPS for the current year.

Linde Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders 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 presently 42.50%.

Wall Street Analyst Weigh In

LIN has been the subject of a number of research analyst reports. Royal Bank Of Canada raised their target price on Linde from $552.00 to $570.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 5th. BMO Capital Markets reissued an “outperform” rating and issued a $560.00 price objective on shares of Linde in a report on Tuesday, May 5th. Citigroup began coverage on Linde in a report on Wednesday, June 24th. They issued an “overweight” rating on the stock. Seaport Research Partners raised their price objective on Linde from $525.00 to $575.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Finally, Weiss Ratings raised Linde from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus 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.