Pacer Advisors Inc. Sells 31,494 Shares of Linde PLC $LIN

Pacer Advisors Inc. reduced its position in shares of Linde PLC (NASDAQ:LIN) by 42.0% in the first quarter, Holdings Channel reports. The firm owned 43,544 shares of the basic materials company’s stock after selling 31,494 shares during the period. Pacer Advisors Inc.’s holdings in Linde were worth $21,587,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in LIN. Darwin Wealth Management LLC purchased a new stake in shares of Linde in the second quarter worth $25,000. Legacy Wealth Managment LLC ID grew its position in Linde by 96.6% during the first quarter. Legacy Wealth Managment LLC ID now owns 57 shares of the basic materials company’s stock worth $28,000 after buying an additional 28 shares in the last quarter. Triumph Capital Management increased its stake in Linde by 69.2% in the 4th quarter. Triumph Capital Management now owns 66 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 27 shares during the last quarter. Strengthening Families & Communities LLC increased its stake 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 acquiring an additional 39 shares during the last quarter. Finally, High Note Wealth LLC raised its holdings in shares of Linde by 108.6% in the 4th quarter. High Note Wealth LLC now owns 73 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 38 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.

Linde Trading Up 0.4%

Shares of LIN opened at $480.46 on Tuesday. Linde PLC has a fifty-two week low of $387.78 and a fifty-two week high of $548.20. The firm has a market cap of $222.14 billion, a price-to-earnings ratio of 31.04, a PEG ratio of 3.03 and a beta of 0.72. The firm has a 50 day moving average price of $514.53 and a 200-day moving average price of $496.87. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.75 and a current ratio of 0.88.

Linde (NASDAQ:LIN) last released its earnings results on Friday, July 31st. The basic materials company reported $4.50 EPS for the quarter, beating the consensus estimate of $4.49 by $0.01. The company had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.02 billion. Linde had a net margin of 20.43% and a return on equity of 20.09%. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm earned $4.09 EPS. Linde has set its FY 2026 guidance at 17.700-17.900 EPS and its Q3 2026 guidance at 4.450-4.550 EPS. As a group, equities research analysts forecast that Linde PLC will post 17.84 earnings per share for the current year.

Linde Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd will be paid a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, September 3rd. Linde’s dividend payout ratio (DPR) is 41.34%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on LIN. UBS Group set a $612.00 price target on Linde in a research report on Monday. Royal Bank Of Canada lowered their target price on shares of Linde from $576.00 to $553.00 and set an “outperform” rating on the stock in a research note on Monday. Sanford C. Bernstein boosted their price target on shares of Linde from $559.00 to $564.00 and gave the stock an “outperform” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $575.00 price target on shares of Linde in a report on Monday, May 4th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $560.00 price objective on shares of Linde in a report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $543.67.

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.