Sit Investment Associates Inc. Acquires 7,025 Shares of Linde PLC $LIN

Sit Investment Associates Inc. grew its stake in Linde PLC (NASDAQ:LIN) by 18.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,548 shares of the basic materials company’s stock after purchasing an additional 7,025 shares during the period. Sit Investment Associates Inc.’s holdings in Linde were worth $19,421,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of LIN. Brighton Jones LLC bought a new position in Linde during the fourth quarter valued at $2,752,000. Revolve Wealth Partners LLC lifted its holdings in shares of 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 acquiring an additional 96 shares during the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of 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 acquiring an additional 259 shares during the last quarter. Schnieders Capital Management LLC. lifted its holdings in shares of Linde by 19.3% in the 2nd 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 last quarter. Finally, Gabelli Funds LLC grew its holdings in Linde by 3.2% during the 2nd quarter. Gabelli Funds LLC now owns 5,625 shares of the basic materials company’s stock valued at $2,639,000 after purchasing an additional 175 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

Linde Price Performance

Shares of LIN opened at $515.44 on Friday. The company has a 50 day moving average price of $504.26 and a 200-day moving average price of $471.14. Linde PLC has a fifty-two week low of $387.78 and a fifty-two week high of $522.89. The stock has a market capitalization of $238.31 billion, a PE ratio of 34.23, a PEG ratio of 3.20 and a beta of 0.72. 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 (NASDAQ:LIN) last posted its quarterly earnings data on Friday, May 1st. The basic materials company reported $4.33 EPS for the quarter, topping the consensus estimate of $4.27 by $0.06. The firm had revenue of $8.78 billion during 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%. Linde’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.95 EPS. Linde has set its FY 2026 guidance at 17.600-17.900 EPS and its Q2 2026 guidance at 4.400-4.500 EPS. Equities analysts predict that Linde PLC will post 17.86 earnings per share for the current fiscal year.

Linde Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be issued a dividend of $1.60 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $6.40 dividend on an annualized basis and a yield of 1.2%. Linde’s dividend payout ratio is 42.50%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on LIN. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $575.00 price target on shares of Linde in a report on Monday, May 4th. Citigroup upped their price target on shares of Linde from $580.00 to $585.00 and gave the company a “buy” rating in a report on Monday, May 4th. Royal Bank Of Canada upped their price target on shares of Linde from $552.00 to $570.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. UBS Group reiterated a “buy” rating and set a $600.00 price target on shares of Linde in a report on Tuesday, June 2nd. Finally, Weiss Ratings upgraded shares of 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 issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $541.91.

About Linde

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.